Money washing fraud warning

Last updated 15:18 27/11/2013

Relevant offers

Money

Kiwis make no attempt to pay off mortgages Auckland property owners warned Saving money by thinking of books Making ends meet on a pension Auckland prices, rentals may increase Judge me, budget me, take away my booze Interest rate rise, dollar fall predicted New service to help KiwiSavers choose John Key reminds Aucklanders of property risks NZ shares outperform: AMP

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.

Ad Feedback

- Fairfax Media

Special offers

Featured Promotions

Sponsored Content