Black Money Scam: How It Works
The Black Money Scam might look as if it is taken from a mafia movie, but it happens worldwide regularly. After developing a quick friendship, the scammer shows the victim a car trunk full of millions of dollars in banknotes. “All the banknotes are painted with a black coat so that the money was able to pass through customs undetected”, the scammer says. Sometimes white paint is used instead of black.
The problem is the removal of the paint. The only substance that will remove the coat while keeping the notes intact is costly.
Watch the video below to see in action the Black Money scam exposed on WCPO:
They suggest you give them cash for the remover. However, the quantity of bottles you need to purchase is high since there are a lot of banknotes. So, they say they will give you a percentage of the entire amount of banknotes. To be more convincing, they might have a “sample” of the remover in a mini bottle.
They will pull one of the black money bills and use the “magic” substance in front of you. Guess what? A real banknote will reveal, nice and clean!
You decide to take the risk and, knowing that you will receive $8,000, you pay them $1,000 to buy the chemical from one of their “connections.”
To show they are fair, they take you with them when they buy the substance. That means meeting with the seller (which is one of their accomplices) in a different parking lot. After he “purchases” several bottles, the crook gives you a couple of them, along with your “part of the deal” from the trunk.
Excited, you go home, but as soon as you start washing the notes, you realize it’s all just junk paper. The scammer had only a few bills painted when they showed you how it works, while the secret chemical is nothing else than colored water.
Black Money Fraud: How To Avoid
There is no such thing as painted money recovery, so really if you get caught, it’s your fault. But to be kind, can we say, yet again, never strike a deal in a parking lot? The image provided for this page features real props used to pull the scam, captured by the police.
Here is how it would look in a trunk:
Black Money: How To Report a Scammer
Warn your friends and family about the Black Money Scam by sharing it on social media here. You can officially report the scammers to the Federal Trade Commission (FTC) using the link below:
How To Prevent Identity Theft and More
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Here are some must-reads for the end:
License Plate Spray Scam
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