Below is a picture of a sticker on the ATM at a bank in my neighborhood:
Basically, the way it works is that people call up complete strangers and ask them to send money for some urgent need, like compensation for a traffic accident, an emergency abortion, or just to repay a loan shark. And people send them the money!
The General Insurance Association of Japan has more:
Perpetrators of ore-ore fraud usually pretend to be relatives of the target victims, such as their child, grandson, husband or others, and urge the victims to transfer a large amount of money to a certain account for non-existent problems. Recently fraudsters have been using a clever ploy to steal money, in that they form a group, sharing and performing several roles such as a policeman or an insurance company representative.The ATM sticker offers helpful advice:
Watch out for the "Ore Ore" scam.Call me culturally biased, but I don't think this scam would fly in New York.
DON'T BE FOOLED!
Three steps to avoid being ripped off:
(1) Don't panic
(2) Don't send money right away
(3) Confirm the facts