Black Money Cleaning Scam – It’s Coming Back In Asia
The black money scam, sometimes also known as the “black dollar scam” or “wash wash scam”, is a scam where criminals attempt to fraudulently obtain money from a victim by convincing them that piles of banknote-sized paper are real currency that has been stained in a heist (or similarly that they can print counterfeit notes from the blanks the scammers have). The victim is persuaded to pay fees and purchase chemicals to remove the dye, with the promise of a share in the proceeds.
The black money scam is a variation of what is known as advance fee fraudAdvance Fee Fraud An advance fee scam or fraud is a form of fraud and is one of the most common types of online confidence tricks. The scam typically involves promising the victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster claims will be used to obtain the large sum. If a victim makes the payment, the fraudster either invents a series of further fees for the victim or simply disappears..
The Black Money Scam, or money cleaning scam originated in Africa but is now active across most Asian countries. Despite frequent media reports of victims and warnings from national police forces new victims continue to fall prey to the scam.
For Those Not Familiar With The Black Money Scam, Or Money Cleaning Scam It Works Like This:
Typically the scammerScammer A Scammer or Fraudster is someone that engages in deception to obtain money or achieve another objective. They are criminals that attempt to deceive a victim into sending more or performing some other activity that benefits the scammer. will send out thousands, if not millions, of e-mails to known and random e-mail addresses, hoping for a few replies. The initial message may read something like this:
I am a lawyer in Belgium and I am charged with seeking the rightful heir to certain assets which were deposited many years ago with a security company here in Brussels by a man who died a few years ago. We have made extensive searches to find any living heirs, but with minimal success. A man with your name is named in the Will and Testament as being the only beneficiary of these assets. We believe that you may be the person entitled and are writing to enquire if you have any dead relatives or friends who may have named you as a beneficiary of these assets in their will and testament. If so please let us have their names and any other information so we can check if you are indeed the beneficiary. The amount of the assets is $150,000 and one large trunk, contents unknown. Please reply immediately
Some cases involve the scammer resorting to directly approaching the victim.
Some of the fraudsters form a romantic relationship with the intended victim, while others attempt to build a friendship. Sooner rather than later the matter of him/her having a friend who has just arrived in the country with a large amount of money that has been disguised by black ink to avoid customs detection is raised.
Playing on the greed of the intended victim the amount of money that the fraudsterFraudster A Scammer or Fraudster is someone that engages in deception to obtain money or achieve another objective. They are criminals that attempt to deceive a victim into sending more or performing some other activity that benefits the scammer.’s new ‘friend’ has is anywhere up to US$100 million, and all that is needed are some chemicals to clean the money.
Unfortunately, the new ‘friend’ hasn’t got the money needed to clean the black money so he or she is looking for a partner to cover the cost of the chemicals in exchange for xx percent of the money.
To dispel any disbelief the intended victim is shown how easy the cleaning process is – often in a video, and is may be sent given one of the cleaned notes to take away and get verified as being authentic.
The Victim Pays
Good fraudsters come up with a variety of reasons to get the victim to pay increasing amounts for the magic chemicals necessary, including that the solution was spoiled by heat or cold, is out of date, or was seized by customs.
Once the fraudsters have milked as much money out of the victim as they can they then vanish, leaving. According to local policeLocal Police The Local Police is your first responder in most countries. In most English-speaking countries and in Europe report to them first. In other countries look for your national cybercrime police units to report scams to. In the U.S., Canada, & Australia, you must report to the local police first. most victims don’t report the crime, not wanting to admit their shameShame Shame is an unpleasant self-conscious emotion typically associated with a negative evaluation of the self; withdrawal motivations; and feelings of distress, exposure, mistrust, powerlessness, and worthlessness., or that they had agreed to participate in cleaning black money obtained due to criminalCriminal A criminal is any person who through a decision or act engages in a crime. This can be complicated, as many people break laws unknowingly, however, in our context, it is a person who makes a decision to engage in unlawful acts or to place themselves with others who do this. A criminal always has the ability to decide not to break the law, or if they initially engage in crime to stop doing it, but instead continues. activity such as drug smuggling, tax evasion, or theft.
How Is The Black Money Scam Done?
A few genuine US dollar bank notes are first coated with a thin solution of polyvinyl acetate (PVA) glue, marked under a number of names including wood glue, white glue, carpenter’s glue, school glue, Elmer’s glue (USA), or simply PVA glue. Once the glue has dried the bills are then coated with a tincture of iodine.
The cleaning solutions and chemicals necessary to wash the black money can be anything the fraudsters think up, with cases in the past seeing flavored cordial, ground-up aspirin dissolved in water, or even talcum powder being used.
Most people have never seen the con performed, so we include this sample video in our uh-hu collection in the hopes that people’s curiosity of the con is sated.
Terminology Used In The Scam
THE DEFACED MONEY
- Anti-breeze bank notes
- Black Money
- S.S.D. Solution
- Vectrol Paste
- Humine Powder
- solid solution
- Shiba / Fay
A Ghanaian native caught perpetrating the scam revealed the tricks of the trade. Authentic US$100 bills are coated with a protective layer of glue and then dipped into a solution of tincture of iodine. The bill, when dried, looks and feels like black sugar paper. Most of notes are real sugar paper; when the victim picks a “note” for cleaning, it is switched with the iodine-coated note. The “magic cleaning solution” is actually crushed vitamin C tablets dissolved in water. In another arrest, ordinary raspberry drink mix was found to be the “magic cleaning solution”. Solutions of calcium hydroxide and magnesium hydroxide have also been used as washing agents in the scam.
The TV show, “Better Call Saul” used this scam to scam someone during a brief montage of Saul’s height as a con artist. This could’ve been a reference to the sister series, “Breaking Bad” and its use of chemistry.
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This program is designed to help scam victims struggling to recover on their own and for those who want to understand the overall process. You can be using other resources, such as traumaTrauma Emotional and psychological trauma is the result of extraordinarily stressful events that shatter your sense of security, making you feel helpless in a dangerous world. Psychological trauma can leave you struggling with upsetting emotions, memories, and anxiety that won’t go away. It can also leave you feeling numb, disconnected, and unable to trust other people. Traumatic experiences often involve a threat to life or safety or other emotional shocks, but any situation that leaves you feeling overwhelmed and isolated can result in trauma, even if it doesn’t involve physical harm. It’s not the objective circumstances that determine whether an event is traumatic, but your subjective emotional experience of the event. The more frightened and helpless you feel, the more likely you are to be traumatized. Trauma requires treatment, either through counseling or therapy or through trauma-oriented support programs, such as those offered by SCARS. counselingCounseling Counseling is the professional guidance of the individual by utilizing psychological methods especially in collecting case history data, using various techniques of the personal interview, and testing interests and aptitudes. A mental health counselor (MHC), or counselor, is a person who works with individuals and groups to promote optimum mental and emotional health. Such persons may help individuals deal with issues associated with addiction and substance abuse; family, parenting, and marital problems; stress management; self-esteem; and aging. They may also work with "Social Workers", "Psychiatrists", and "Psychologists". SCARS does not provide mental health counseling. or therapy, qualified support groupsSupport Groups In a support group, members provide each other with various types of help, usually nonprofessional and nonmaterial, for a particular shared, usually burdensome, characteristic, such as romance scams. Members with the same issues can come together for sharing coping strategies, to feel more empowered and for a sense of community. The help may take the form of providing and evaluating relevant information, relating personal experiences, listening to and accepting others' experiences, providing sympathetic understanding and establishing social networks. A support group may also work to inform the public or engage in advocacy. They can be supervised or not. SCARS support groups are moderated by the SCARS Team and or volunteers., or completely independent – on your own!
The SCARS Steps program is a complete program and is provided for the purpose of helping scam victims to overcome this experience. Throughout this SCARS Steps Program, we speak about issues and challenges that a victim may have and help guide them through their recovery. But each person is different and it is important to understand your own reasons for being vulnerable to being scammed.
After the trauma of being scammed, you need to take steps to recover and move on. This may be an alternative to counseling in the short term, but we still encourage you to seek out professional help & support. Throughout this SCARS Steps Program, we speak about issues, challenges, defects, or problems that a victim may have in a generalized way.
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This SCARS Publishing book represents a complete guide to help the families and friends understand how these scams work and how to help the victim.
The SCARS Slate Book should be purchased by family and friends to better understand what happened to the victim and the traumatic impact on them. But it can also be shared by the victim so that they do not have to explain to family and friends about the scam. This publication is to help others to help Scam Victims to make it through this traumatic experience and recover.
Each person is different and it is important to understand how relationship scamsRelationship Scam A Relationship Scam is a one-to-one criminal act that involves a trust relationship and uses deception & manipulation to get a victim to give to the criminal something of value, such as money! Click here to learn more: What Is A Relationship Scam? work and why people are vulnerable; to being scammed, how they were lured in, then groomed and manipulated. This understanding is essential in helping them through the process of ending the scam and then on to recovery. The SCARS Slate Book will provide the information necessary to help support a victim through this process.
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Helps you get and stay organized. This publication is to help Scam Victims organize their crime information. Complete this information before reporting to the police then bring this book with you
Before or after reporting to the police the RED BOOK gives you a dedicated tool to record all the essential facts of this crime. The Victim, the Scammers, the Money, and your Police interactions. Everything that really matters can be easily recorded for your immediate use and for the future!
As we have seen, money recovery/repayment programs can become available years after the scam ends and you need to keep all the details of this crime in case it is needed. We have also seen scammers being extradited to the U.S. and other countries, this will help in the event you testify or give statements, Additionally, this helps you have your information ready to qualify for victims’ benefits, compensation, or aid.
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