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13° Nicosia,
14 November, 2018
 
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Sleight of hand con artists arrested

Police apprehend three men in recent string of currency exchange and money transfer con jobs

Newsroom

Three men were arrested on Wednesday in connection with a series of con jobs where they are accused of defrauding currency exchange tellers by sleight of hand.

Two 42-year-olds, whose photo was released earlier this week, along with a 64-year-old man, were apprehended Wednesday morning following a tip from a private citizen.

The person who notified police, around 9:20am, recognised the two men in the photo at a convenience store in Limassol, which also operates as a money transfer stall.

The suspects were attempting to send €3000 abroad, according to media reports, and police officers rushed to the scene and detained them. During a search, the men were found to have $10,709 as well as £200 in their possession, all in cash.

The person who notified police recognised the two men in the photo at a convenience store in Limassol, which also operates as a money transfer stall

Last week, a Nicosia resident was duped by the con artist duo, the two men in the police photo, when he was asked to exchange $11,000 in cash. After the victim counted the dollar bills himself, the two men placed the money in an envelope, sealed it, and handed it over in exchange of €8800 also in cash.

But when the two suspects left, the man opened the envelope only to find $600.

A similar incident took place a day later in Paphos, according to authorities, when the suspects attempted a currency exchange and got away with €8000. The suspects gave an envelope to the teller, which he counted by himself, and then he gave them another envelope with the equivalent cash in euros.

However, using a sleight of hand, the suspects managed to give the teller an empty envelope, but he realised it too late, after the suspects had left the store. 

TAGS
Cyprus  |  Limassol  |  Nicosia  |  Paphos  |  fraud  |  money  |  transfer  |  currency  |  exchange  |  theft  |  sleight of hand  |  magic trick

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