More “Black Money” Scam Victims Come Forward

PROVIDENCE, R.I. (AP) _ Authorities in Rhode Island say three more people have come forward as victims of a “black money” scam after the U.S. Secret Service last week issued a warning about the scheme.

Thomas Powers, Secret Service resident-agent-in-charge of the Providence office, said Thursday two people from Massachusetts and one from Connecticut have reported being ripped off. Powers says the victims reported losing more than $77,000.

At a Nov. 3 news conference, Powers said authorities knew so far of three victims who lost $170,000.

Two men were arrested in Providence last month on charges they were involved.

Investigators say con artists convince victims to pay for chemicals to wash bank note-sized paper they claim to be real currency dyed black to avoid detection. In reality, the black money is usually construction paper.

     (Copyright 2011 by The Associated Press.  All Rights Reserved.)


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