Fake/Counterfeit Banknote Ring Caught In Southern California

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Author	Replies: 8 / Views: 1,796
bobby131313 Forum Dad United States 24150 Posts	Posted 05/16/2008 12:59 pm Counterfeit Banknote Ring Caught in Southern California 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. Read Full Story All Recent News Shop CCF Members on eBay. Report this Post to the Staff

Pennypusher Valued Member United States 486 Posts	Posted 05/16/2008 1:05 pm -PP Report this Post to the Staff
halfabustisbetter Pillar of the Community United States 1984 Posts	Posted 05/16/2008 1:18 pm You'd have to print $1,200,000 in counterfeit money to get the same dollar value as you would have from printing just $1,000,000 two years ago. Report this Post to the Staff
KurtS Pillar of the Community United States 5318 Posts	Posted 05/16/2008 1:45 pm "You'd have to print $1,200,000..." I simply cannot print money fast enough to keep up with the Fed's Ben Bernanke. The extra toner cartridges are killing me! I have to wonder how many got in circulation? For a laser print, I'm sure there are notable differences, such as surface quality and watermark. Edited by KurtS 05/16/2008 2:41 pm Report this Post to the Staff
echizento Moderator United States 23731 Posts	Posted 05/16/2008 2:35 pm That must have been some high end printer to fool all those people. Report this Post to the Staff
Highland Clan New Member United States 3 Posts	Posted 05/16/2008 9:22 pm Perhaps that is where the term "funny money" originated. Report this Post to the Staff
rggoodie Moderator United States 23491 Posts	Posted 05/16/2008 11:43 pm I still buy and am in the market for counterfeit banknotes Report this Post to the Staff
gatzdon Valued Member United States 280 Posts	Posted 05/19/2008 11:23 am I'm guessing that they described the number of notes "printed", not the number of notes actually passed. They may have had a stockpile of notes in the house that were never sold. Report this Post to the Staff
americanmoney New Member United States 36 Posts	Posted 05/20/2008 6:43 pm is it legal to have that kinda money? Report this Post to the Staff
	Replies: 8 / Views: 1,796

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