Iryamubabaje was arrested on Monday in one of the local commercial banks where he was also attempting to defraud another person, Senior Supt. Emmanuel Hitayezu, the Police spokesperson for the City of Kigali, said.
“Two suspected fraudsters entered the bank targeting a man, who was going to deposit money,” SSP Hitayezu said.
“They tried to con him using dollar notes; they used two notes of US$100 to cover other 297 notes in the denomination of US$1. They made it look like all the notes were in the denominations of US$100 but in the process the would-be victim got suspicious and the conmen tried to flee, but Iryamubabaje was apprehended by the security personnel at the bank although his accomplice managed to escape,” the spokesperson explained.
“We have since established that Iryamubabaje is the same suspect behind a similar fraud where he fleeced another person of Rwf4 million, on May 19.”
{{How they con people
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These conmen normally stand near or inside financial institutions or forex bureaus to identify their target. One of them approaches the target and in most cases, pretends to be ignorant about dollar notes or looking for someone to help them exchange the notes.
In most cases, they have bundles of dollars. The bundle either contains fake notes inside covered with a genuine note of US$100 on either side; or two genuine notes on either sides covering notes of US$1.
Whatever the case, they try to make you believe that the bundle contains notes in the denominations of US$100, and they will varnish thereafter.
Hitayezu appealed to the business community to be vigilant and to always deal with established institutions rather than trying to take shortcuts, where they end up becoming victims of fraud.
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