But the section really doesn't do much to advance its stated goal: helping women shore up retirement savings.

FORBES: What Women Want: Retirement Equity

Such advance-fee frauds are also known as "419 scams" - named after the section of the West African country's criminal code that prohibits fraud.

BBC: NEWS | Africa | Bank scam trial opens in Nigeria

The Secretary and the Executive Director of the Initiative, in consultation with the Working Group and the Chair of the Commission established under subsection (c) of this section and section 3 of this order, respectively, may develop and submit to the President recommendations designed to advance and promote educational opportunities and attainment for African Americans.

WHITEHOUSE: The White House