Police are investigating a foreign exchange scam in St James in which a business owner was swindled out of $28,000 after receiving counterfeit US currency during what appeared to be a routine transaction.

It happened over two days at a boutique located along the Western Main Road, St James.

Investigators said the business owner conducted a foreign exchange transaction with a female customer who visited the establishment on both days. The victim handed over a total of $28,000 in exchange for what was believed to be US$4,000. The suspect provided forty US$100 bills across the two transactions.