Almost $1 million in counterfeit seized by customs -- all in single-dollar bills
Source: usatoday
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U.S. Customs and Border Protection officials report seizing $900,000 in counterfeit cash all of it in singles. The dollar bills were discovered in December at the International Falls Port of Entry in Minnesota in a rail shipment originating from China, per a Saturday statement from CBP. An investigation found 45 cartons filled with singles, which were confirmed to be fake by the Secret Service.
CBP officers strive every day to protect the United States from a variety of threats, said Jason Schmelz, a CBP port director, in a statement. Those threats dont always come in the form of terrorists or narcotics, but also in the form of counterfeit currency and other goods that have the potential to harm the economy of the United States."
The counterfeit money was seized and will be sent to the Secret Service. Single-dollar bills, according to the Federal Reserve, have stayed the same since 1963 because the "note is infrequently counterfeited." There is also a provision in the annual Financial Services and General Government Appropriations Act that prohibits the bill's redesign.
"Thanks to the dedication of our officers and our partnership with the Secret Service, we were able to keep this currency from entering into circulation," Schmelz said.
Read more: https://www.usatoday.com/story/money/2020/01/28/900000-counterfeit-seized-customs-all-one-dollar-bills/4598937002/
LakeArenal
(28,729 posts)Heartening.
brush
(53,475 posts)marble falls
(56,359 posts)LisaL
(44,962 posts)3Hotdogs
(12,210 posts)marble falls
(56,359 posts)ALWAYS plead the fifth and ask for your damn lawyer!!!!
But first wipe that green ink of'n your hands!!!
3Hotdogs
(12,210 posts)marble falls
(56,359 posts)marble falls
(56,359 posts)paleotn
(17,781 posts)wysimdnwyg
(2,229 posts)Around the time I was in college, video games were big. Not the games of today, where everyone plays on their own devices, but stand-up, arcade style games. We had coin changers there, and color copy machines were still new enough that they were somewhat hard to find. We would frequently hear the technicians complain about the copied dollar bills that the machines accepted. Clearly, at that time (some 30+ years ago), poor quality fakes were adequate enough to fool coin changers. Today, though, I doubt even higher quality fake bills would work. That said, singles do not have all of the updated security features found in higher denomination bills, so perhaps they have been able to duplicate them well enough.
I'm guessing, though, that this was a trial run to see how well their base materials (ink, paper, etc.) are at fooling the system. If they had gotten these through, they're ready to move on to bigger bills with the added security that is more difficult to beat.
lapfog_1
(29,166 posts)was... and how real they looked.
Almost a lock they didn't feel like real bills.
3Hotdogs
(12,210 posts)quarter. No one wanted it.
Have you ever held a Brti 1 pound coin? Its feel projects substance. A dollar coin like that would have been accepted.
OneBro
(1,159 posts)And kids loved getting a stack of them as birthday presents.
3Hotdogs
(12,210 posts)When in the local bank, I ask for the old Ike dollar coins. I give 'em to the grand kids for chores around the house.
greyl
(22,990 posts)$32,000 including UPS Ground shipping. Wonder how obvious or clever the paper they used was.
NBachers
(17,007 posts)OneBro
(1,159 posts)Canada, Europe, Australia have all gone to coins for their $1 equivalents, but for some reason we refuse to replace our $1 paper bill with a more efficient, longer-lived coin, just as we continue to mint utterly useless one cent coins . . . in 2020. Sigh.
Anyway, as for the seized $1 bills, I suspect this lot was intended to be discovered while the pallets of fake $50s and $100s were smuggled in in plain sight. That, or maybe I saw that happen in a movie once. 🤔
truthisfreedom
(23,113 posts)yaesu
(8,020 posts)I've reported so much & ebay is like, who cares, we are making money off it.
oldsoftie
(12,410 posts)Maybe you DID have an effect
TeamPooka
(24,156 posts)Javaman
(62,442 posts)Mister 880 is a 1950 American comedy film about an amateurish counterfeiter who counterfeits only one dollar bills, and manages to elude the Secret Service for 10 years. It was directed by Edmund Goulding, and stars Burt Lancaster, Dorothy McGuire, Edmund Gwenn, and Millard Mitchell. The film is based on the true story of Emerich Juettner, known by the alias Edward Mueller, an elderly man who counterfeited just enough money to survive, was careful where and when he spent his fake dollar bills, and was therefore able to elude authorities for ten years, despite the poor quality of his fakes, and despite growing interest in his case.[3]
The film was based on an article by St. Clair McKelway that was first published in The New Yorker and later collected in McKelway's book True Tales from the Annals of Crime & Rascality.
Edmund Gwenn, who played "Skipper" Miller (only a supporting role in the film), won a Golden Globe Award and was nominated for an Academy Award for his performance.
In real life, Juettner was caught and arrested in 1948, and served four months in prison.[3] Juettner made more money from the release of Mister 880 than he had made in his entire counterfeiting career.[3]
bigworld
(1,807 posts)How long have they been printing these things?!
That serial number looks wonky, but I'd love to see a higher res photo.
Generic Other
(28,979 posts)Looking for a big lotto win.
ck4829
(34,977 posts)Polybius
(15,239 posts)No stores scan or put the marker on dollar bills. It's usually $20 and up.