Black Money scams have resulted in people around the world losing large amounts of money. It works by the scammer befriending an individual and persuading them to lend them money to purchase chemicals which are used to wash black pieces of paper which the scammer claims is fake bank notes. The scammer will normally promise the victim that they will receive double their original investment in fake bank notes. One such scam took place earlier this month in Konkaen Province when the victim, Khun Nid met a Cameroonian National who claimed he had escaped to Thailand from Cameroon to avoid the ongoing war there. The scammer, later named as Mr. Frank Niya aged 37, persuaded Khun Nid to hand over 500,000 Baht with the promise that the money would be used to purchase the chemicals which will transform the money into US Dollars. Mr. Niya claimed that he was the son of a powerful politician in Cameroon and was able to purchase the chemicals through a source at the US Embassy in Bangkok. For her troubles, she would receive the equivalent of 1 Million Baht in fake notes in return. A meeting with the scammer was later arranged here in Pattaya with Khun Nid, the owner of a local diving center here in Pattaya, and her foreign husband. They were told that there was a problem and he required an extra 1 Million Baht to purchase a new batch of chemicals. For reassurance they were shown a suitcase full of the black paper and powder which he claimed was the chemical in the process of reacting with the paper. At this point they realized they had been scammed and Mr. Niya was detained at a location in Central Pattaya until the Police arrived. Mr. Niya confessed that he was involved in Black Money Scams around the world and is now under investigation at Pattaya Police Station and has initially been charged with fraud pending further questioning.

http://www.pattayaone.net/news/2009/may/ne...2_05_52_2.shtml

Must be an idiot for getting stung like that.Are the police going to press charges against the thai for willingly agreeing to purchase chemicals from the farang dam then getting fake bank notes in return???

I meant greedy idiot

totally agree , but who in there right mind would trust this guy in the first place, i wonder if the thai womens forign husband knew what was going on

I don't know whos worse the conmen or the dimwits who fall for it.