Men duped in 'money-doubling scam' | Money Matters | News.com.au

Men duped in 'money-doubling scam' | Money Matters | News.com.au: "PROMISES that special chemicals could duplicate money have allegedly duped three Victorian businesses.

Police said the businesses gave about $160,000 in cash to two men in the belief their money would double when soaked in chemicals, the Stonnington Leader reported.

A supermarket receipt, uncovered during investigations, has since revealed the chemical formula as bleach, baby powder and hair spray.

Police said the two men would conduct the 'procedure' out of sight each time, transfer the money into their possession, then wrap up worthless paper in aluminium foil or another non-see-through casing.

Detective Sgt Andrew Healey said the business owners were told to leave the wrapped package for 24 hours while the chemical worked."