Black Money Scam Perpetrators Arrested In South Pattaya

[Rimmer]

‘Black Money’ Scam Perpetrators Arrested in South Pattaya

PATTAYA: -- Local police have arrested two foreign men over their involvement in a popular ‘black money’ scam being propagated in Pattaya. The offenders were arrested after arriving at the scene to deliver goods involved with the scam to a potential customer come informant.

Pattaya, the 6th of October 2010 [PDN]: At approximately 4:30pm on Wednesday, Colonel Nunthawut Suwanla-ong (Pattaya Police Superintendent) along with Lieutenant Colonel Tarathep Toopanich (Pattaya Police Deputy Superintendent) and Transnational Crime Suppression officers revealed the arrests of two foreign men involved with a ‘black money’ operation in Pattaya.

Full story HERE

PATTAYA DAILY NEWS

2010-10-07

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[craigt3365]

I can't believe there are people this stupid...unreal..1MM Baht paid for this scam. Incredible.

[Boater]

and do they ever arrest the people they are scamming ? , as they are only scammed to scam other people

[dekbahnnok]

This scam is so old, members of the ex Royal family in Nepal fell for it a couple of years ago. Ten years ago "black paper" was everywhere in SE Asia including Bangkok where there were many victims too embarrassed to go to the police." High sco" types everywhere fall for it. The Africans were masters after being trained there and then unleashed around the world. Some victims buy chemicals to wash the black away from other criminals only to learn they paid fortunes for blank paper. It has been done around the world.

The guys who recycled this scam will have lots of time to learn new and better opportunities.

[Just1Voice]

If it sounds too good to be true......

[Rimmer]

UPDATE

Liberian “Black Money” Scammers arrested by Pattaya Police

PATTAYA: -- Two Liberian men have been arrested in a “Black Money Scam” case by local Police. The Chonburi Provincial Transnational Crime Suppression Center announced the arrest of the two men following a complaint by Mr. Hans Joseph Rihart aged 59 from Germany who was advised by friends to contact the Police. He revealed that he had met with three men form Liberia who convinced him to hand over 1 Million Baht to purchase some chemicals which would turn a suitcase full of chemically altered bank notes into useable currency.

Full story HERE

-- Pattaya One 2010-10-07

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[whatchamacallit]

Sorry for being a bit ignorant about this and I just don't get it....

1. So what is black money? is it money (USD, EUROS) with a little (or a lot of) stain??

2. If only stain then the money is still good isn't it?? I know a few countries (Burma, Indonesia, etc) that won't take any dirty USD - it has to be in perfect condition.

3. If the victim really wants to literally clean their money and the seller delivers the product that can do the job - so where is the scam??? :-)

[LennyW]

Sorry for being a bit ignorant about this and I just don't get it....

1. So what is black money? is it money (USD, EUROS) with a little (or a lot of) stain??

2. If only stain then the money is still good isn't it?? I know a few countries (Burma, Indonesia, etc) that won't take any dirty USD - it has to be in perfect condition.

3. If the victim really wants to literally clean their money and the seller delivers the product that can do the job - so where is the scam??? :-)

The note on the PDN story pretty much explains it.............

Note: The popular scam, known as the ‘black money’ scam, involves victims paying advanced money for the purchase of various chemicals that can be used to turn money covered in a black ink (usually explained as an attempt to avoid customs) back to its original state.

In most cases the scam is perpetrated under the pretence that a lot of cash has been concealed in this way (with black ink) and that the perpetrators need a third-party (victim) to aid in covering the cost for the necessary chemicals to change it back. The perpetrators had obviously prepared a sample for the victims, which genuinely removes the dye/ink from the bank note and is supposed to ‘hook’ the observer into investing.

In most cases, the victim pays a substantial upfront payment for the aforementioned equipment, before being delivered with nothing more than blank paper and a random, inexpensive liquid, possibly soft drink and the offenders flee with the genuine cash investment.