Israeli Dollar Counterfeiting Operation, why not move the Federal Reserve to Israel anyway?
Israeli Dollar Counterfeiting Operation
http://wakeupfromyourslumber.com/news/israeli-dollar-counterfeiting-operation
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of the Blog!
Israeli Dollar Counterfeiting Operation
http://wakeupfromyourslumber.com/news/israeli-dollar-counterfeiting-operation
Fake $100 Bills Eluded Detection with Rare Quality, is the explanation of the success of an Israeli dollar counterfeiting operation, although on a deeper level the fake banknotes were not more false than what the Federal Reserve churns out.
Allegedly for more than a decade its makers were a mystery to the U.S. Secret Service. Agents collected and analyzed the fake greenbacks, which first popped up in Israel in the late 1990s. They were so good that they were often discovered only after they reached a bank or the Federal Reserve.
The investigation culminated in the indictment of 13 Israelis and Americans for running one of the most successful counterfeiting operations in U.S. history. Hundreds of agents were involved by the time they executed raids and arrest warrants in five states in May and June that resulted in the capture of the 13 suspects and the seizure of $2.5 million in fake bills and a printing plant at a New Jersey warehouse.
The counterfeiting ring was responsible for producing at least $77 million in fake bills, mostly $100s, said U.S. Secret Service Director Julia Pierson, who stated, “This has been a painful note for us. When a bill’s so good that it’s not discovered until it’s in the banking system, that “separates the passing of the note to its detection. It allows these people to operate more anonymously.”
One sign of the ring’s sophistication, the agents said, was that the counterfeiters appeared close to mimicking the latest currency security features, including 3D ribbons.
The home-computer variety is often easy to spot. Those produced on sophisticated printing presses — mostly overseas — are harder to identify.
The most widely passed fraudulent greenback, according to the Secret Service, is the one they called the “Russian-Israeli Note.”
The investigation culminated in the indictment of 13 Israelis and Americans for running one of the most successful counterfeiting operations in U.S. history. Hundreds of agents were involved by the time they executed raids and arrest warrants in five states in May and June that resulted in the capture of the 13 suspects and the seizure of $2.5 million in fake bills and a printing plant at a New Jersey warehouse.
The counterfeiting ring was responsible for producing at least $77 million in fake bills, mostly $100s, said U.S. Secret Service Director Julia Pierson, who stated, “This has been a painful note for us. When a bill’s so good that it’s not discovered until it’s in the banking system, that “separates the passing of the note to its detection. It allows these people to operate more anonymously.”
One sign of the ring’s sophistication, the agents said, was that the counterfeiters appeared close to mimicking the latest currency security features, including 3D ribbons.
The home-computer variety is often easy to spot. Those produced on sophisticated printing presses — mostly overseas — are harder to identify.
The most widely passed fraudulent greenback, according to the Secret Service, is the one they called the “Russian-Israeli Note.”
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of the Blog!
No comments:
Post a Comment