Five people have been arrested in Spain in a so-called “wash wash scam” They sold pieces of blank paper shaped like banknotes and convinced victims that washing them with special chemicals would transform them into real money. In this type of scam, also known as the “black money scam,” perpetrators claim to possess cash that has been blackened or dyed to evade customs controls. The arrested individuals, two in Barcelona and three in Madrid, were selling the blank paper, either online or in person with the promise that it could be converted back into money.
Source: Written by Erika Di Benedetto, 2024-01-26; https://www.occrp.org/en/daily//en/daily/18405-spanish-authorities-arrest-5-suspected-of-fake-banknote-scheme