Marked Currency / Defaced Black Currency / Wash-wash / Money Multiplier /Black Dollar Nigerian Advance Fee Fraud Cash Cleaning Money Scams

One aspect of this scam involves victims being informed of the existence of case loads of banknotes which are said to have been coated or stamped in order to disguise their identity from the authorities or for “security purposes”.

This may even come as a surprise to the victim who, after paying untold fees to have the money finally released, discover it now needs to be cleaned by chemical dye removers before it is usable. Such a process is accompanied with, of course, yet more fees or expenses.

Each bill may be said to have a smudge on its face that will prevent detection by a scanning device as it passed through U.S. Customs or be stamped with the initials “U.N.” or “UNDP” (United Nations Development Programme) amid claims that the money is only for overseas use. It could even be deemed un-cashable for security purposes while in transit or while being held by the security company.

The alleged money is shown to the victim, who is told that the black coating or stamps can be removed by washing it with a special compound.

The exotic and expensive mix of secret chemicals for cleaning money, which could be referred to as SSD Solution, Vectrol Paste, Lactima Base 98%, microtectine and Tebi-Matonic, is needed to “clean”a trunk or security case supposedly full of these illicit U.S. $100 bills and other millions stored overseas in a vault.

In fact, only a few real, blackened US$100 bank notes are shown to the victim, and the special chemical is ordinary cleaning fluid which reacts with the black mixture of Vaseline and iodine.

The remainder of the material in the case is blank, blackened paper often made simply by photocopying with the lid up and cutting the sheets down to banknote size.

In some cases the actual currency has been pre-coated with a protective layer of common white glue, then dyed with tincture of iodine. This is later removed with a “secret and expensive” solution consisting of only water and crushed vitamin C tablets.

In front of the victim the criminal will appear to randomly select between two and four notes from the case. He will then wash them in a tiny portion of the solution, which he has with him, returning them to their original form as real bank notes.

They are given to the victim who is invited to spend them or get them checked at the bank to confirm that they are genuine.

In reality, the criminal knows perfectly well which notes he is selecting and selects the only real ones that are there. A really dexterous criminal will invite the victim to choose notes to clean and, by using a well practiced sleight of hand similar to a card trick, trick the victim into selecting the genuine ones.

The victim is asked to provide between US$50,000 and US$100,000 for bulk supplies of the cleaning compound, which the offender offers to procure.

On some occasions, as a sign of good faith, you may be able to keep the suitcase for a short time, until you obtain the money to buy the solution.

To prevent you from opening the suitcase you could even be told that exposure to air will cause the black substance to ruin the money.

After the advance payment has been received, the chemicals are not delivered to the victim, who is left with suitcases full of worthless black paper instead of the US$100 notes.

The Black Currency Scam is believed to be based on a centuries old traditional West African con called the “Red Mercury” scam.

Frauds Recovery Can Help

The team at Frauds Recovery can help you recover your money if you have fallen victim to the black money scam. Our top priority is educating our clients so that they can make the best financial decisions. Want to learn more about how Frauds Recovery can help you recover your funds, Report your Case for a free consultation.

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