counterfeit
“At Any Given Time, $200M in Bogus US Bills Is In Circulation Worldwide”
The big business of fake money: The new $100 bill is the U.S. government’s latest bid to stay one step ahead of counterfeiters.
How widespread is counterfeiting?
At any given time, some $200 million in bogus U.S. bills is in circulation worldwide, authorities say. About $60 million of those fakes circulates through the U.S. each year. Counterfeiting [...]
South Africa Recalls Old R200 Banknotes Due To Counterfeit Concerns
A month before the World Cup of soccer is set to take place in South Africa, the country’s central bank is recalling its old series of 200-rand banknotes citing a huge prevalence of counterfeits as the primary reason for its withdrawal.
“This year we have seen an increased number of counterfeit notes,” said Aboobaker Ismail, head [...]
“Counterfeiting, A Three-Part Series.” Part 1: A history of counterfeiting
*This article is the first in a three-part series on counterfeiting.
The act of counterfeiting is as old as money itself. Plaguing ancient Rome, empirical China, newborn America, and many other nations over the past 2500 years, the illegal activity came hand in hand with the creation of money.
Even prior to the invention of coin [...]
ECB: Counterfeit euros up 8 per cent
The European Central Bank (ECB) announced today that the number of fake euro banknotes seized in the last six months rose by eight per cent from the first half of the year.
“In the second half of 2009 a total of 447,000 counterfeit euro banknotes were withdrawn from circulation,” an ECB statement said.
Though the increase is [...]
India Attempts Crack Down on ‘Financial Terror’
India will put together a ‘financial terror dossier’ this week in an attempt to garner international support in pressuring Pakistan to immobilize a booming counterfeit currency ring that exports bogus Indian banknotes into the country.
Since the attacks in Mumbai last November, India has been aggressively building a number of cases against the neighboring Pakistan, including [...]
FOXNews.com: “The Dollar Bill Goes High-Tech”
Counterfeiting has never been easier. All it takes these days is a fairly inexpensive color printer, some graphic design software and a willingness to spend a few decades in jail if you get caught.
But desperate times call for desperate measures, so criminals struggling in a tough economy and savvy with advanced printing equipment have figured [...]
VIDEO: Fortress Paper President & CEO on BNN
Fortress Paper’s President & CEO, Chad Wasilenkoff, talks to the Business News Network (BNN) about his company’s focus on non-woven wallpaper & security paper, and speaks about upcoming innovations at their Landqart Mill in Switzerland.
Watch the BNN clip HERE, or by clicking on the image to the right.
“Top 10 Things You Didn’t Know About Money”
With the US Mint launching the release of a new $1.00 coin in November, Time Magazine drafted this list of top-ten tidbits about money that may surprise you:
#1 – The Largest Banknote: Measuring in at roughly the size of a sheet of legal paper, the world’s largest single banknote is the 100,000-peso note created by [...]
RCMP busts fake-passport ring in Canada
In one of the largest coordinated busts in recent Canadian history, more than 400 police officers moved through Ontario and Quebec to arrest suspects in a counterfeit passport ring.
Twenty-nine people were arrested in the inter-provincial raids as a joint police force of officers from the RCMP, the Sûreté du Québec and Montreal police targeted 39 [...]
India to Begin Trial Period for Polymer Banknotes
The Reserve Bank of India (RBI) announced this week that the country will begin a trial period of introducing polymer banknotes in circulation in order to eliminate the backlog of unusable worn banknotes throughout India and to combat counterfeiting.
The RBI says that India has seen a 95 per cent increase in counterfeit notes in the [...]
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