counterfeit

Counterfeiting money — one of the oldest crimes in history — has now trended to a new five-year high, according to the Secret Service who has exclusive jurisdiction in protecting US currency. While no where near a historical peak set during the Civil War when one-third to one-half of notes were counterfeit, fake bills in […]

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The number of counterfeit £1 coins in circulation has doubled in the last five years, according to new figures released by the Royal Mint and reported by the BBC. Two percent or 1 in 50 pound coins are fake, and based on production, that would account for some 30 million counterfeit £1s circulating. In its […]

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The European Central Bank (ECB) reported an increase in counterfeit activity for the first half of 2008, which is on the heals of 2007’s latter half increase. 312,000 fake banknotes were removed from circulation representing an increase of 5.4 percent. The ECB noted counterfeit banknotes increased since the second half of 2007 by 5.7 percent. […]

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Five people were arrested in Southern California earlier this week for allegedly counterfeiting between $5 and $6 million in phony $20s and $100s over the past two years. Laserjet printers were apparently used to make the money, and it all happened within a residential home in Lawndale, California. According to an Associated Press article, those […]

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A news article today recounted how China’s leading online game operator, The9 Ltd., will begin suspending the accounts of players who steal and then resell virtual coins used within the extremely popular and worldwide online game, World of Warcraft®. With a world subscription base of over 10 million players who each pay a monthly fee, […]

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Making dough is common place in a pizza shop kitchen. Making fake dough, as in counterfeited $50 bills, is not so common. Police arrested Frank Donato back in October of 2007. At the time, Fox News reported the owner of a Dobbs Ferry, N.Y., pizzeria was cooking up more than pizza.

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View Larger Map Over the weekend four suspected counterfeiters were arrested by Columbian police along with $4 million dollars in fake U.S. currency. Authorities had reportedly been searching for the suspects for six years and they were on the U.S. most wanted list.

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The European Central Bank (ECB) reported an increase in counterfeit activity for the second half of 2007. 296,000 fake banknotes were removed from circulation for an increase of 31,000 notes over the first six months of 2007. The ECB noted counterfeiting was also up in the second half of 2007 compared to the second half […]

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Inkjet printers were used to counterfeit moneyThree Long Island 17-year old high school students are under arrest for printing counterfeit $10s, $20s and $50s from the back of a pickup truck.

Amazingly, police say ink jet printers were used to print the bills. The power source? A Radio Shack inverter plugged into the pickup truck’s cigarette lighter.

The average person could easily assume any teenager who used the bed of a truck as a factory floor and inkjet printers to output bogus bills would get caught and arrested in short notice time.

Read the rest of this numismatic news article »

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Analyzing the effort to reward ratio of creating counterfeit coins and then successfully getting them into daily circulation would seem to forestall an attempt to actually do it. Unless you have a mint-style facility with all the necessary equipment, materials and staff at your disposal, the work required to phony up fake coins is an […]

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