Crowds gathered to collect cash strewn across the ground after the men were killed in a horrific car accident.
Passersby started picking up the huge quantity of notes scattered across the highway moments after the incident involving the men, who were still bleeding.
The fatal crash happened after the rear wheel of a pick-up truck reportedly exploded causing the driver to lose control.
Some onlookers were soon left stunned to see drivers stopping to pick up the money after initially assuming they had stopped to help the men.
Passersby stopped to collect the cash strewn across the ground
Looters were even seen inspecting a suitcase that had been thrown open in the impact and examining a watch belonging to one of the dead men.
A woman was also injured during the incident on Friday on a motorway linking the cities of Upata and San Felix.
The woman filming the sickening scene on her phone shouts to the looters: “Hey, guys, be humans, don't be bad.”
One user on social media said: “There was an accident in via Upata. There was a body of one of the victims on the ground. People stopped, but only to pick up money.”
Venezuelan leader Hugo Chavez dies
Wed, March 6, 2013
Hugo Chavez, the controversial far-Left president of Venezuela, died last night at the age of 58.
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Ending one of Latin America's most remarkable populist rules, Chavez died on Tuesday at 58 after a two-year battle with cancer
The footage comes after 2008’s global financial crisis sparked an economic crisis in the country, leading to a shortage of food and other essentials.
This week, Venezuela issued larger denomination banknotes in response to soaring inflation – it is forecast to reach 1,600 per cent this year.
The move comes in a bid to make transactions easier for Venezuelans, who have to carry huge wads of cash to pay for basic goods.
The struggling socialist government has previously blamed the situation on opposition groups and the US government.