Money washing fraud warning

Last updated 15:18 27/11/2013

Relevant offers


Some broadband users can be in for a nasty surprise when they move house Southern Cross pays out more than $3m in pet insurance claims Improved housing affordability won't last, researcher says House price rise prompts interest in coastal property Semble 'tap and go' payment app off to a slow start Planning rules forcing Aucklanders to build bigger houses Renting continues to outstrip home ownership growth US department store Neiman Marcus publishes luxury Christmas gift catalogue Westpac offers rewards for debit card use When it comes to wills, there may not always be a way, court rulings show

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