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    1. [FOLKLORE FAMILY] Tycoon Loses $63,000 After Buying Sand From Conmen
    2. Mary
    3. Hmmm........my sister has a bunch of sand on her property. Wonder if this guy would like to buy it? Tycoon Loses $63,000 After Buying Sand From Conmen NAIROBI (Reuters) - A German business tycoon duped by conmen in Kenya lost around five million shillings ($63,270) after the "gold" he bought turned out to be 350 kg of sand, a Kenyan paper said Tuesday. The swindle began in June when hotelier Fouroughi Denawi agreed to a gold export deal with five men claiming to be dealers in gems from the Democratic Republic of Congo, the Nation newspaper said. Denawi was to cover export costs, sell the gold in Europe, take his share and hand the rest to the dealers. He only realized just before leaving Nairobi that the three steel boxes he was about to export contained nothing more than sand. The head of the Central Bank of Kenya's fraud unit told the Nation the unit was looking for five people -- three Kenyans and two foreigners -- believed to be behind the racket.

    11/28/2001 01:38:08