The common trick here is that a conman or woman will produce genuine currency for a deposit and mostly is in big amounts then somewhere in between swap it with counterfeits.
A diligent Agent will pass the notes through the detector and confirms they are genuine. However, before the Agent makes the deposit, the con who is busy fiddling with their phone making imaginary calls, would stop the Agent in their track from depositing claiming that the intended recipient has switched off their phones.
So far there is no alarm and the Agent will dutifully refund the whole sum to the con as the transaction had not been made. In the meanwhile, the con who is not in a hurry will be fidgeting with their phone and will announce they have found an alternative number they can use to send to the recipient
Once again the fraudster removes the same amount that he wanted to deposit BUT only this time from a totally different bunch of counterfeits he had carried.
Since the agent had initially verified the initial bunch to be genuine, the agent is not obliged to do so again and with that mistake, the fraudster’s plan is accomplished.
- An agent should never get tired of verifying the authenticity of any currency they handle
Related Posts: Mpesa Fraud: The ‘Contact- Save’ Tactic