The black money scam, sometimes also known as the "wash wash scam", is a scam where con artists attempt to fraudulently obtain money from a victim by persuading him or her that piles of banknote-sized paper in a trunk or a safe is really money which has been dyed black or another color (e.g. to avoid detection by customs). The victim is persuaded to pay for chemicals to wash the "money" with a promise that he will share in the proceeds.
The black money scam is a variation of what is known as advance fee fraud.
Read more about Black Money Scam: Chemicals Used
Famous quotes containing the words black and/or money:
“You can’t be what you don’t see. I didn’t think about being a doctor. I didn’t even think about being a clerk in a store—I’d never seen a black clerk in a clothing store.”
—Joycelyn Elders (b. 1933)
“Short of a wholesale reform of college athletics—a complete breakdown of the whole system that is now focused on money and power—the women’s programs are just as doomed as the men’s are to move further and further away from the academic mission of their colleges.... We have to decide if that’s the kind of success for women’s sports that we want.”
—Christine H. B. Grant, U.S. university athletic director. As quoted in the Chronicle of Higher Education, p. A42 (May 12, 1993)