Advance Fee Fraud and Banks Collier, Paul A Fraud, Trade, Advance-fee fraud An advance fee refers to an upfront payment by the victim to the fraudster, to allow the victim to take part in a much larger financial transaction which he believes will either bring him a profit or will result in credit being extended to him. This larger financial transaction is always bogus and the victim never makes a profit nor does he receive the loan. Text 10p http://iffoadatabase.trustafrica.org/iff/advance_fee_fraud_and_banks.pdf