(Video) Police arrest 10 suspects responsible for 'black money' scam

30 Jan 2018 / 00:12 H.

KUALA LUMPUR: 10 suspects, ranging in age from 28 to 49, have been arrested over a "black money" scam after police raided hotel rooms in the Klang Valley on Jan 10.
The 10 suspects comprised four from Sierra Leone, four locals and one each from Guinea and Palestine, and were operating for more than a year in the city centre.
Two packages filled with fake US$100 (RM388) notes and other items used for the black money demonstration were also seized.
City police chief Commissioner Datuk Mazlan Lazim stressed that people must remember that there is no such thing as easy money and that scammers will continue to prey on the greed of their victims.

In this scam, Mazlan said, scammers would conduct a demonstration of washing ringgit notes, which would "miraculously" turn into US dollars.
The victim is persuaded to pay fees and purchase chemicals to remove the dye, with the promise of a share in the proceeds.
"To further convince their victims, the syndicate would then ask them to change the dollar notes at a money changer to prove its authenticity," Mazlan told reporters at KL police headquarters here today.
The victim would then be persuaded into paying for the chemical solution used to "wash" the money.
The syndicate's activity was uncovered when a victim, 45, reported the scam to the police after suspecting that something was amiss.
"He realised it after he verified the authenticity of US$500 recently 'washed' by the syndicate.
"He was planning to invest RM300,000 but luckily, a friend warned him that it was a scam and later lodged a report on the matter," he said.
The syndicate has been "promising" victims triple their "investments".
Meanwhile on a separate matter, Mazlan said police have arrested two individuals in connection to an arson attack on the home of a Royal Customs Department principal assistant director in Jalan P11/1, Presint 11 in Putrajaya last week.
Mazlan said both suspects aged 48 and 49 were detained today based on closed-circuit television camera (CCTV) footage obtained from the scene.
"From the recording, they were seen riding a motorcycle and loitering around the location before stopping nearby where the incident took place," he added.
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