Alvin Pennue, Passing Altered Obligations of the United States, Rhode Island 2011

Black Money Scammer conviction

A federal court jury in Providence, R.I., has convicted Alvin Pennue, 32, of Indianapolis, Ind., of passing altered United States currency on two occasions and inducing a victim to transport $5,000 from Massachusetts to Rhode Island as part of a Black money scam.

The scheme, known as a Black money scam, involves defrauding victims by persuading them that large quantities of banknote-sized paper are really U.S. currency that has been dyed black to avoid detection by customs agents.

The government’s evidence presented to the jury showed that during October 2011, Alvin Pennue, through another person, passed to an undercover U.S. Secret Service agent two blackened U.S. $100 bills and passed to a victim two blackened $20 bills.

Pennue also persuaded the victim to withdraw $5,000 in $100 bills from his bank account in Massachusetts on October 21, 2011, and to bring that money to Providence to invest in the black money scam.

At the time of his arrest on October 28, 2011, Mr. Pennue and a second person were in possession of a black suitcase containing supplies used to facilitate a black money scam.

Pennue was also in possession of over $2,700, including twenty-three $100 bills.

Alvin Pennue was convicted of two counts of passing altered obligations of the United States and one count of interstate transportation of stolen property, inducing a victim to transport U.S. currency in interstate commerce as part of a scheme to defraud.

The sentencing of Pennue has been scheduled by U.S. District Court Judge John J. McConnell, Jr. for September 4, 2013.

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