Black-coated currency is counterfeit money that has been treated with a chemical substance to make it appear as if it has been burned. It gives the money a charred or blackened appearance, making it difficult to detect. The scammers creating this type of fake currency typically target businesses dealing with large amounts of cash, such as casinos, nightclubs, and restaurants.
- How do scammers create black-coated money?
Creating black coated money is fairly simple and only requires a few household ingredients. First, the scammer will print out fake bills using a color printer. Once the bills are printed, they will be cut into smaller pieces and soaked in a solution of acetone and iodine. This solution will cause the paper to discolor and turn black.
- How do scammers get your black money?
There are a few ways that scammers can get your black money. The most common way is through phishing emails. These emails look like they’re from a legitimate company but are actually from a scammer. They’ll usually include a link to a fake website where you’re asked to enter your personal information.
Another way scammers can get your black money is by posing as a legitimate business. They may contact you and say you owe them money for a product or service you never received. Or, they may send you an invoice for something you didn’t purchase. If you pay the invoice, they’ll have your bank account information and can take your money.
Finally, scammers may call you and say they’re from the IRS or another government agency.
- Techniques of black money scammers
There are many techniques that black money scammers use to defraud people. Some of the most regular techniques include:
1) These fake websites will often have slightly different URLs than the real sites, and they may even copy the design and layout of the legitimate site. The scammers will then place ads on these fake websites that promise huge returns for investing in their black money scheme.
2) Sending out mass emails or SMS messages that claim to be from a legitimate bank or financial institution. The message will often say that a large sum of money is waiting to be transferred to the recipient, but a small “processing fee” must be paid first. Once the fee is paid, the scammer disappears with the victim’s money.
In conclusion, black-coated money scammers use increasingly sophisticated techniques to defraud people of their hard-earned cash.
By familiarizing yourself with the most common techniques used by black money scammers, you can protect yourself and your loved ones from becoming victims. If you think you may have been scammed, contact your local law enforcement agency immediately.