'Black money scam' warning

POLICE from the Gold Coast Criminal Investigation Branch are warning members of the public not to be fooled by a type of fraud known as the black money scam.

The warning follows two recent arrests on the Gold Coast for attempted fraud, where it is alleged two men attempted to make money by performing a trick with currency, giving the victim the perception that negative currency notes could be transformed into genuine-looking currency notes.

The scam works with offenders coating money in glue or a chemical which stops the money from being coloured when black ink is applied to it.

There is no chemical transfer when one note is washed over the top of another - the black colouring is simply washed off when the victim washes the money in a bowl of water.

The victims are drawn into the scam and believe the black money is taking on the colouring of real money.

Police urge members of the public not to be fooled by cheap tricks.

Scams can be reported via the 'report a scam' page on SCAMwatch or by calling 1300 795 995.
 

Topics:  black money scam, fraud, police, scam, scamwatch



Local Real Estate

Featured Real Estate
AUGUST SPECIAL $24900.00...
Cabin 9x3m, bathroom, bedroom, lounge, kitchen, colorbond finish, gyprock, cornices + FREE (to ...
FULLY SELF CONTAINED... $9500.00 From
Cabin $12.5K for 6 x 2.4 x 2.5m fully installed. D.I.Y $9.5k bare ...
Vendor Liquidates Assets... $305,000
House 3 2 2
Family Home With... Sold
House 3 1 1
Private, Leafy Unit... Leased
Unit 2 1 1
Auction Postponed ... AUCTION
House 3 1 1

Featured Jobs

Clarence Valley jobs listed daily

Featured Jobs
Registered Nurse Mareeba Part Time
... join us on the... $63125.00
... join us on the beautiful NSW north coast, enjoy flexible work ...
Home Based Business Coffs Harbour Jetty Part Time


Local Partners

LATEST DEALS AND OFFERS

Local Jobs

Search for your next job now!
Learn More

Cars For Sale

Find cars for sale online now.
Learn More

Subscription Sale

Subscribe now for $1 for 14 days.
Learn More

Local Profile

Stay Connected

Get the news as it happens, in your inbox

You can change the newsletters you are subscribed to when you edit your profile

Edit Profile


Special Offers

Latest deals and offers

View today's ePaper!

Read the digital edition
Learn More

Horoscopes

Leo

You may have a smooth competitor lurking in the shadows, so my advice is to learn know how to deal with them. Out and out wars are not the...

read more

Marketplace

Special Offers & Promotions

Compare & Save