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Fake Money, Bougainville Politics and International Scammers

Cox, John

Description

On Saturday 16 February 2014, Barry Webb, an American citizen, was detained as he entered Port Moresby from the Philippines. He was travelling to Bougainville to deliver a briefcase full of newly minted 'Bougainville kina' or 'BVK'. This pseudocurrency is not legal tender in Bougainville (or anywhere else). Rather, the Bougainville kina is the creation of the U-Vistract scam, an elaborate Ponzi scheme (Cox 2013). When questioned by Papua New Guinea authorities, Webb claimed to represent the...[Show more]

CollectionsANU Dept. of Pacific Affairs (DPA) formerly State, Society and Governance in Melanesia (SSGM) Program
Date published: 2014
Type: Working/Technical Paper
URI: http://hdl.handle.net/1885/143112

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