Mallorca €700,000 swindle of 'dyed' cash

The man swindled €700,000 out of the Palma businessman.

A Cameroonian man, 31, is going to court in Palma accused of swindling €700,000 out of a local Palma businessman.


The prosecution is asking for a six year prison sentence due to the severity of the fraud.

The suspect made the victim believe that he had managed to take €55 million out of Cameroon by dying the cash black so that it wouldn’t be noticed at customs controls.

The victim gave the suspect €700,000 in exchange for the paper cash and the chemical products necessary to remove the dye.

What he was given was no more than coloured cardboard.

The events took place in 2009 when the suspect, and another four men who have already been sentenced, approached the Palma constructor with several building projects designed to make him think that they had a lot of money to invest.

After they had gained his confidence they explained that they had €55 million in legal tender but that they had dyed it to get it out of the country, they convinced the victim to buy the cash from them as well as the chemicals.

The victim paid them in several instalments until reaching the agreed price of €700,000 but all he got in return was a stack of coloured card.

The courts are asking for six years and a fine as well as the return of the victim’s money.


FacebookTwitterRedditWhatsAppTelegramLinkedInEmailCopy Link
Go Back
Written by

Euro Weekly News Media

Share your story with us by emailing, by calling +34 951 38 61 61 or by messaging our Facebook page