Money washing fraud warning

02:18, Nov 27 2013

Police are warning gullible Auckland business owners not to fall for a money washing trick in which fraudsters promise to triple their cash.

A Parnell business owner called police after being approached by two African men who offered to turn one $50 note into three.

Detective Greg Brand said that if it's too good to be true, it is.

Police said that through chemicals and trickery the men were able to demonstrate how they could triple the notes. They then allegedly explained that they needed more cash to double or triple the owners' returns.

Anyone who has been approached by anyone offering to convert cash into more cash through "washing" is urged to contact Crimestoppers on 0800 555 111.

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Fairfax Media