According to the police statement, the suspects offered potential victims the chance to buy pieces of black colored paper, which miraculously turn into $100 bills after coming into contact with the magic liquid.
"In the course of the exchange, the suspects played out a whole show; in the victims' presence they treated a single piece of paper with the chemical solution, and offered the victims check the authenticity of the bill, which they had managed to change, unnoticed, with a real banknote."
"The money was accepted at a point of exchange, after which the offenders offered to make another $20 million [USD] in the same way."
"The suspects demanded five million rubles from one victim for the 'magical' concoction."
The would-be millionaires, aged 38 and 43, have been charged with fraud, and face a prison sentence.
They were apprehended in the course of an undercover police operation, which found them in possession of a suitcase containing 57 bundles of the magic paper, the same size as banknotes and colored in black.