My Money Master is a popular licensed moneychanger in Mid Valley that can almost never be seen without a long line of people queuing in front of the small booth. [caption id="attachment_4519" align="aligncenter" width="470"] The popular licensed moneychanger located at the lower ground floor of Mid Valley mall.[/caption]
Many from the KL district use the services of My Money Master to change their money to foreign currencies before going abroad to travel.
However, recently, a post recently surfaced on Facebook; bashing the licensed moneychanger.
Facebook user Amos Gan took to social media to warn fellow Malaysians who frequently use the services of My Money Master, after the licensed moneychanger allegedly gave him fake notes.
[caption id="attachment_4518" align="aligncenter" width="720"] A receipt of Amos’s transaction at My Money Master[/caption] [caption id="attachment_4517" align="aligncenter" width="960"] The fake note (bottom), clearly has several small differences when compared side-by-side with a legitimate note (top).[/caption] Amos’s original Facebook post can be found here. Beware of Fake Ringgit Notes In Malaysia – Petaling Jaya Section 17 Marketplace Hawkers Feeling The Pinch Of Fake RM100 Notes Update – One of our readers, Dani Herwie contacted us on Facebook and told us that it might not have been the money changer that gave Amos the counterfeit note- but rather, it was the taxi driver who swapped the legitimate note for a counterfeit one. As told by Dani, it seems that it’s a common scam is for dishonest taxi drivers to take your legitimate 100 RMB note, subtly exchange it for a fake one and pocket yours. He will then make a show of ‘checking’ it, before telling you that he can’t accept the note because it’s a fake, and hand it back to you. This leaves you with a fake note and a taxi fare still to pay. If you fall for it and hand him another 100 RMB note, the driver might even try it again. Although the majority of cab drivers are on the up-and-up, this is a well-known scam, so if you’re stuck in a situation where you can only pay with a 100 RMB note, make sure you’re paying attention once you hand it to the driver. This scam is not just limited to taxi drivers – it has been known to happen in stores or in markets, too. Many thanks to Dani for this bit of information! Send us any news updates ( crime , scam , story , bullies , accident , community and etc ) , opinion and inquiries to our email –[email protected]
Anyone who uses the services of the licensed moneychanger in Mid Valley- My Money Master, please be wary when changing your currencies there. I exchanged my Malaysian notes for Chinese notes before I was bound for my vacation in China at the moneychanger. When I arrived in China and hailed a cab at the airport, I gave the cab driver one of the notes I changed from My Money Master when the cab driver told me that the note was fake. He was about to tear the note when I stopped him from doing so. I gave him another note and took the alleged fake note back so that could I could inspect it later. I was not convinced the note was fake. However, after arriving at my hotel, I inspected the fake note that was spotted by the cab driver and was shocked to find that the note really was a fake after I compared it to another note. Please do be cautious and always inspect all your notes after changing them.