Scamdex's Somewhat Cynical Take on Scams
Scamdex is all about scams, fraud and theft. The Internet has opened a world-wide Pandora's box of opportunities for parting people from their money. The lonely Nigerian widow who wants to share her fortune may be a member of the Russian mafia - this is how he makes his money and he's very good at it. Scamdex is a huge archive of carefully sifted email scams, categorized and analysed. The ScamBlog is commentary on the world of scams - scams which get bigger, cleverer and nastier day by day. These are our thoughts on stuff that makes us mad and costs people money..... Blog Directory - Blogged

8 Dec '06

“Black Money” Scam – As seen on TV

by @ 8:43 pm. Filed under Advance Fee Fraud, Email Scams, Nigeria

If you can wait while the ad plays, this is a very interesting backgrounder for the ‘Nigerian’ scam called ‘Black Money’. In this scam, suitcases full of black paper are sold, along with a very expensive chemical which they claim will wash the black ink off the money, returning it to it’s full value.

Black Money Scam on ABC News

They claim that the cash has been marked to make it non-legal tender or to hide it from customs.

The father of a suitor of Chelsea Clinton (Ed Mezvinsky) has fallen foul of this scam himself, and the ensuing race to raise cash has landed him in jail.

Mezvinsky’s stories sound fantastic. At one point, he says, he found himself in Africa gazing on an open suitcase filled with paper shaped like money, although the bills were black.

“That’s the way they would hide it,” he says. “The man later came out with a chemical, threw it on the money, and it all turned to $100 bills. He gave me 10 to have them tested back home. And they were real.”

Some of the African schemes were not far removed from the classic, laughable Nigerian scams often run through the Internet – seeking victims with financial backing to extract millions out of bogus accounts. Others were sophisticated oil prospects.

Read the rest here

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