This was uncovered during an 18-month long investigation that exposed Neu of Slidell, Louisiana, as the internet "Nigerian prince" heavily involved in scams, obtaining money and wiring funds.
Personal information was needed to "prove" they are the beneficiary and to speed the transfer of the "inheritance".
He is accused of acting as a "middle man" for a group of Nigerian scammers.
Police say their investigation continues as numerous leads have led to people who live outside the country. Police say Neu is suspected to have been a "middle man" in the scheme, and participated in hundreds of financial transactions involving phone and internet scams created to con money from victims across the country.
"If it sounds too good to be true, it probably is", Slidell Police Chief Randy Fandal. He added that no one should ever give personal information to anyone on the phone or in emails. The scammer says they just need to pay some fees or taxes with the victim's else's bank account.
While acknowledging the somewhat ridiculous nature of the scheme is now commonplace-even the FTC website mentions how the Nigerian prince scam is "the butt of late night jokes"-millions of dollars are lost to false princes and their accomplices ever year".
While such schemes might be dismissed as laughable, the public loses millions of dollars each year through such frauds, the police said in the statement.
Other versions of the scam involve people claiming to represent law enforcement agencies or utility companies.
According to WGNO, the scam was simple and straight to the point. In addition, he said you should not wire large sums of money to people who you do not know.