Two Men Indicted in NJ Dyed Money Scam
A New Jersey man and a Philadelphia resident were indicted Tuesday on charges they scammed victims with worthless paper dyed black that was portrayed as real money and sold to people who paid to have the dye removed.
The indictment was handed up against 38-year-old Nyondah Blay of Trenton and 36-year-old Carl Jenkins, New Jersey Attorney General Jeffrey Chiesa said. Each man is charged with second-degree conspiracy and second-degree attempted theft by deception.
The pair told people they needed several thousand dollars to buy chemicals to extract the dye from the paper, Chiesa said. The men said the money was dyed to avoid detection and was smuggled out of Liberia.
The men promised those who paid for the dye would be repaid several times more than what they gave. Instead, they left victims with worthless paper.
Blay and Jenkins were arrested in February in Cherry Hill as a result of a sting operation. Chiesa said they attempted to steal $75,000 from someone they believed to be an unsuspecting victim, but the men were arrested after they allegedly took several thousand dollars from the person.
"This indictment should serve as a reminder -- if a quick money-making scheme appears too good to be true, it probably is," Chiesa said.
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