Toronto police warn of ‘black money scam’ after fraud, robbery arrest

toronto police warning A case of fraud involving counterfeit money occurred after a man suspected of fraud was arrested.

This is known as a “black money scam” or “wash wash scam”. According to the Toronto Police Service (TPS), police said the scammer presented the victim with a large number of banknote-sized pieces of black or white paper and claimed that the victim was real currency hidden in dye and used the solution. It says it can be washed off with water. news release Written by Conn. Laura Brabant and She published December 29th.

Police say they are trying to convince victims that they “purchase a special solvent from a vendor, and the solvent will remove the dye from the paper, making it a real bank note.”

“Toronto police are reminding the public to be aware of this deceptive scam, and if it sounds too good to be true, it probably is,” Brabant said in a news release. .

On December 28, police arrested Hallie Ndorley, a 48-year-old Toronto man, on six counts, including armed robbery, possession of more than $5,000 of criminal proceeds, and possession of counterfeit banknotes.

Police said they found a large amount of Canadian currency, a large cache of what they believed to be counterfeit currency, and “black and white paper believed to have been used for currency fraud” during Wednesday’s arrest.

Ndorley was scheduled to appear in court in Toronto on the morning of December 29.

other common Scams Toronto Police Warn Includes “grandparent or emergency” scams. Scammers will call you pretending to be a family member in need of urgent financial assistance.

Another is the advanced fee loan scam. Scammers call people saying they can offer loans regardless of their credit history, but demand an upfront fee. There is also the Secret Shopper scam. The scammer offers Mystery her shopper job at the store, making it seem lucrative, but requires an upfront payment for training and certification.

Canadian Fraud Prevention Center report About $421 million was lost to fraud this year. This is up from about $384 million last year.

peter wilson