Friday, October 28, 2016

Counterfeit bills
There is growing concern nationally regarding a new process for producing counterfeit paper money using a standard inkjet printer. A sticker which appears to be a hologram identifier is attached to the fake bill. Now Newport authorities are investigating an incident in which a $100 counterfeit bill was passed at Zoomerz on the Cosby Road. Patrol Officer Joshua Bigus says the bill was determined counterfeit at a local bank, even though the clerk had used a pen marker to check the document. Officer Bigus says the pen showed the correct color. The U.S. government recouped more than $88 million in counterfeit currency last year, and more than half of it was made on regular inkjet or laser printers. That's according to Bloomberg, which reported of a woman who pleaded guilty to counterfeiting up to $20,000 in fake bills over a two-year period. She took $5 bills, soaked them in degreaser, scrubbed off the ink with a toothbrush, dried them with a hairdryer, then reprinted them as $50 and $100 on a Hewlett-Packard printer. Statistics highlight the growth: In 1995, less than 1 percent of fake bills were produced on digital printers. In the last fiscal year, nearly 60 percent of the $88.7 million in counterfeit currency recovered in the U.S. was created using inkjet or laser printers, according to the Secret Service.


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