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Toronto police warn about ‘black money scam’ after suspect arrested in robbery and fraud investigation

Toronto police are warning the public about a “black money scam” after making an arrest in a robbery and fraud investigation and locating a large sum of counterfeit bills.

On Dec. 22, officers responded to a robbery at Danforth and Greenwood avenues.

A man allegedly lured the victim to the area regarding a potential business transaction. Police said the man then pointed a firearm at the victim and demanded money before fleeing the scene.

Police said these scams are accomplished by giving the victim a large quantity of banknote-sized black or white pieces of paper. The fraudster then convinces the victim that if they buy a special solvent from them it will remove the dye on the paper and they will become real bills.

Ndorley is facing six charges, including robbery with a firearm, carrying a concealed weapon and possession of counterfeit money.

Investigators are asking anyone who was a victim of this scam or who has more information to contact police at 416-808-5500 or Crime Stoppers anonymously at 416-222-TIPS.

This article was originally sourced from www.ctvnews.ca