Another scam on email

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I know this thing is a scam but I was just shocked that this one comes from our country, and they were using BAnco de oro, imagine how shocked I was when I read this thing. Nakakaloka( gone crazy) is the right word, dyusmiyo marimarim! This is just crazy, I am thinking of contacting BAnco de oro to ask if they know this person, or you think I should act on it so they can arrest the one doing this thing? here is the email for you all Pinoy mylotters to devour: [b]MRS KIRAM TANGLAO MERRIAM CREDIT ACCOUNTS OFFICER HEAD OFFICE BANCO DE ORO UNIVERSAL BANK 12 ADB AVENUE, ORTIGAS CENTER, MANDALUYONG CITY PHILIPPINES. Good Day, Let me start by introducing myself, I am MRS KIRAM T. MERRIAM, CREDIT ACCOUNTS OFFICER BANCO DE ORO UNIVERSAL BANK. I am writing you this letter based on the latest development at my bank, which I will like to bring to your personal edification. I am writing you this letter with so much joy and excitement even though my heart goes out to the very powerful and distinguished gentleman who I was fortunate to have worked for and extremely privileged to have known for numerous years. I am a top official in charge of client accounts in BANCO DE ORO UNIVERSAL BANK inside the Philippines. In 2001, my client was going through a horrendous divorce in the United States of America and was on the verge of losing most of his estate to his vicious and diabolical wife. As a result of this alarming predicament, my client came to me with a very brilliant idea. He transferred some funds, ten million two hundred thousand dollars ($10.2m) to a fixed deposit account in my bank under an alias which only the two of us knew about as the confidentiality of the matter was necessary for his protection. Due to his untimely death in early 2002, the funds have been sitting in the account ever since and will continue to do so perpetually unless we do something about it. This is where you come in. I located you through an agency that helps seek people by their email. My client did not declare any next of kin in his official papers including the paper work of his bank deposit. Against this backdrop, my suggestion to you is that I would like you as a foreigner to stand as the next of kin to our client so that you will be able to receive his funds. I want you to know that I have had everything planned out so that we can come out successful. I have contacted an attorney that will prepare the necessary document that will back you up as the next of kin to my client. All that is required from you at this stage is for you to provide me with your Full Names and Address so that the attorney can commence his job. After you have been made the next of kin, the attorney will also file in for claims on your behalf and secure the necessary approval and letter of probate in your favor for the move of the funds to an account that will be provided by you. There is no risk involved at all in the matter as we are going adopt a legalized method and the attorney will prepare all the necessary documents. The allocation of our money will be as follows: 20%($2.02m) to you for your part in this, 75% for me and my partners and 5% for any unforeseeable expenses we may incur. As you can see this is easier than taking candy from a baby, but mind you, trust is something that is developed over time and that is something that we do not have. So I have to let you know that it will highly unfeasible to try to run away with the money because even though only you can transfer money in and out of your account, the transfer can only be authorized by my department of which i happen to be the head. The money will be transferred from my bank to an account you will provide. So please, there should be no room for greed because ten million two hundred thousand dollars can quench even the most insatiable desire for the almighty dollar. Your urgent response is highly anticipated so please email me through this email; (kiram555@indiatimes.com) on this transaction as soon as possible. This should be kept very secret and confidential. I believe you know. Kind Regards, Mrs. Kiram T. Merriam.[/b] and they really use correct information, like the real address of the bank, way smart scammers!