Indiana man convicted of ‘black money’ scam in R.I.


An Indiana man has been convicted for his part in a so-called ‘‘black money’’ scam. The scam involves criminals convincing people that black construction paper is actually money dyed black and persuading them to exchange it for real money. The US attorney’s office in Providence said Alvin Pennue, 32, of Indianapolis, was convicted by a jury Wednesday of two counts of passing altered currency and one count of interstate transportation of stolen property. Pennue was arrested in October 2011 after he persuaded a victim to withdraw $5,000 from his bank account in Massachusetts and bring it to Providence to invest in the scheme.

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