BREAKING NEWS
$18m compensation for investors in Hanover finance company ... more soon
Close

Money washing fraud warning

Last updated 15:18 27/11/2013

Relevant offers

Money

Insurance confusion may leave jewellery theft victims underpaid Floating mortgage rates seen falling with RB cuts ahead: ASB New Zealand's history of Ponzi schemers ACC says 9000 overcharged for car regos New "property mogul" scheme claims to be New Zealand crowdfunding first ASB's 4.89 per cent rate reignites mortgage war A Broker’s View: Heartland New Zealand Supermarkets want customer loyalty back Giving to charity increases happiness and can be easy KiwiSaver Spotlight: Grosvenor SRI Growth Fund

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