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.

UK: Victim was scammed by dating, 419 and black money scam

58-year-old Philip Hunt met a Nigeria girl at a dating site, believed in her 419 scam story (to inherit $2.9m USD), and was finally wiped-out in a Black Money scam by the same gang. This appears to be well thought-out: 1) Dating site as the entry, in...

Nigerian Scammer caught for black money scam

They even have a musical hit in Nigeria that calls victims of such scams a "Mugu", aka "Big Fool".

Black Money Demonstration

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.

Black Money Demo

Click full story to view the video.

Black Money Scammers filmed on ABC News

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