Pair admit scam, plead guilty to using paper as money

BUFFALO, N.Y. (WIVB) – A Buffalo and Syracuse man have admitted taking part in a “black money” scam.

Authorities say Eugene Cooper, 38, of Buffalo and Gooding Vincent, 38, of Syracuse made up a story about the federal government dying money black or white to send to Africa. The dye is supposedly meant to allow the cash to be secreted past opposition leaders and can be restored by using chemicals, which they claimed they could provide.

Cooper and Vincent told a confidential informant in July 2013 that they had obtained $10,500 in this currency from the CIA. They sold it to the informant for $10,000. But the currency was actually blank paper dyed black or white.

Both men pleaded guilty Friday to using paper as money. Each could be sentenced to a year in prison in September, fined $100,000, or both. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review. Note: Comments containing links are not allowed.

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