Tech
Jun 18, 20261
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Woman defrauded in Montevideo scam loses 1.5 million pesos and 50,000 dollars
A woman in Montevideo was defrauded of 1.5 million pesos and 50,000 dollars through the "cuento del tío" scam, where criminals falsely claimed currency exchange rates would change. Police in Zona Operacional III are investigating and reviewing security footage to identify the perpetrators.


Quick Facts
Who
A woman (victim)
What
Fraud scheme known as 'cuento del tío' (uncle's tale)
When
June 18, 2026 (publication date)
Where
Barrio Atahualpa, Montevideo, Uruguay
- Fraud scheme known as 'cuento del tío' (uncle's tale)
- Criminals told victim currency exchange rates would change
- Victim persuaded to surrender cash
- Criminals claimed bank personnel would visit to exchange money
- Police reviewing security camera footage to identify suspects
A woman in the Atahualpa neighbourhood of Montevideo became the victim of a common fraud scheme known as the "cuento del tío" (uncle's tale), in which criminals deceive victims into surrendering cash by claiming imminent changes to currency exchange rates. The perpetrators convinced the victim that she needed to hand over her money to take advantage of favourable exchange conditions before the rates changed.
Following the typical pattern of this scam, the criminals told the woman that bank personnel would visit her home to collect the cash and exchange it for her. She ultimately surrendered 1.5 million Uruguayan pesos and 50,000 US dollars to the fraudsters. The scheme exploits victims' trust and creates artificial urgency to bypass their normal financial caution.
The Zona Operacional III police unit has opened an investigation into the case. Officers are reviewing security camera footage from the area to identify and locate the suspects responsible for the fraud. The case adds to a growing number of similar incidents affecting residents in the capital, highlighting the ongoing prevalence of this particular confidence scam in the region.
Why This Matters
This case illustrates how traditional confidence scams remain highly effective despite modern banking systems. Understanding the modus operandi—artificial urgency, false authority (fake bank officials), and appeal to financial self-interest—helps residents protect themselves. As such incidents multiply in Montevideo, public awareness of this specific scheme becomes actionable defense against financial loss.
Timeline & Sources
Jun 18, 2026
WireNews report published on subrayado.com.uy about fraud case in Montevideo