Emirates Today reports that a Dubai-based businessman was duped out of Dhs 150,000 by a gang of Liberian fraudsters.
The gang, from Liberia, conned the UAE national into believing a large stack of paper covered in black paint was a pile of genuine $100 bills disguised for “security purposes” to keep them from being traced in the impoverished West African country. He was promised that a chemical solution, when applied to the notes, would reveal them as high denomination US Treasury dollar notes that would be recognised as legal tender.
The businessman, who spoke to Emirates Today on condition of anonymity, said he applied the solution to one of the paintcoated notes and it turned back into a genuine $100 bill.
The scam artists said they had a safe full of dollars sitting in a vault in Liberia which had been coated with the black paint.
They claimed the paint had been applied to the notes for security reasons to stop them being discovered and traced because of the instability in the country.
They offered to bring the entire contents of the safe to the UAE for a fee of $6,000 (Dh22,000).
After a meeting between the two parties, the gang informed their victim that he needed to buy the correct solution to help transform the notes back into their original form as they had insufficient amounts of the solution to transform all the notes.
He handed over a further $34,000 (Dh124,780) in cash to complete the transaction, which would have still earned him a large profit had the notes been genuine.
Of course, once he applied the solution, the notes turned out to be fake, and all calls to the Liberians went unanswered.
Even though the poor businessman was conned, and he lost a lot of money, and one should never wish bad things for others, I think the guy deserved what he got!
First of all, he is a bleeping idiot for falling for such a stupid scam! The whole thing sounded fishy to me from the very beginning. Black paint? A special solution to remove the black paint off the bills? Please! It's just plain stupidity on his part to fall for something like this.
Secondly, he was obviously involved in some illegal operation. Money laundering maybe? He did not want his name to be disclosed, and the article never mentioned why he was accepting this money from the Liberians to begin with. He also did not want to contact the police about this because "he feared his reputation in the business community would be severely damaged".
Yeah right! You ain't foolin' no one buddy!