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Black Money Scam
In a Black Money scam, the scammer will tricks the victim into believing that they can buy a special chemical from them to 'clean' away the black ink on a large sum of cash. They may provide stories of how the money came about and why they were painted with the black ink, normally to hide from customs or the authority. In the demonstration, they would usually show the potential victims that the chemical works on some real cash. After the victim is convinced, they will then sell them the chemical with a bundle of blank paper smeared with the black ink. It may sound stupid, but there have been cases of people getting cheated in this famous Black Money Scam.
Nigerian Scammer caught for black money scam
- By Jay HS
- Published 09/24/2007
- Black Money Scam
- Unrated
They even have a musical hit in Nigeria that calls victims of such scams a "Mugu", aka "Big Fool".
Black Money Demonstration
- By Jay HS
- Published 03/30/2007
- Black Money Scam
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Rating:




Paul showed how easy it is to scam a group of people in public, into believing that they can buy a chemical to remove the black ink on some 'real money'. In order to convince the crowd, he demonstrated the use of the chemical on a real (really real) money. The actual sale after the demonstration uses white paper painted with black ink.
It is common sense that if the black money is worth more than the chemicals used, the 'sellers' could have used it for themselves.

Click full story to view the video.
It is common sense that if the black money is worth more than the chemicals used, the 'sellers' could have used it for themselves.

Click full story to view the video.
Black Money Scammers filmed on ABC News
- By Jay HS
- Published 03/9/2007
- Black Money Scam
-
Rating:




2 Nigerian scammers were caught on video by ABCNews. Apparently, they scammed a heart surgeon by the name of Timothy the amount of US$300,000+, for a luggage of 'black money'. Timothy was scammed into believing that he can buy a special and expensive chemical to clean away the black coloured dye on a huge sum of 'black money'... check out the full story


