CryptoSpiel.com
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
CryptoSpiel.com
No Result
View All Result

Use of Fake Money Reported Across US After Secret Service Seizes $21,800,000 of Counterfeit Cash in One Year

May 12, 2024
in Scams
Reading Time: 3 mins read
A A
0
Use of Fake Money Reported Across US After Secret Service Seizes $21,800,000 of Counterfeit Cash in One Year
0
SHARES
11
VIEWS
ShareShareShareShareShare

Reports of people trying to use counterfeit cash are spreading across the US.

Headlines on various attempts to pay with fake money are popping up around the country, with ABC News declaring counterfeiting is “making a comeback.”

Police in Hilo, Hawaii say someone has been bleaching the ink off of $1 bills and printing $100 marks on top, reports the Fox-affiliated news station KHON.

Police captain Rio Amon-Wilkins says authorities are looking at several persons of interest in connection with the crime.

“Because it’s being printed on original US currency notes, the pen still works properly and doesn’t identify it as counterfeit. This is the first time, to my knowledge, we’ve had this type of case where they’re using the original U.S. currency notes.”

The report is one of several on various attempts to use phony money around the US in the last few weeks alone:

• In Brownsville, Texas, a man is accused of manufacturing counterfeit dollar bills and using them to pay for groceries, hotels, gas and food.

• In Boardman, Ohio, police say counterfeit money was used to enter a community baseball stadium in an ongoing investigation.

• In North Carolina, a man has admitted to bleaching $1 bills and trying to print $100 graphics on top.

In addition, police in Germany say they just confiscated piles of fake cash with a face value of $103 million, as reported by the Associated Press.

Investigators believe the bad bills came from Turkey and were being sent to the US for illicit purposes.

“The bills, known as ‘prop copy or ‘movie money,’ could be recognized as fakes when scrutinized closely, but Germany’s central bank and US authorities believe they could be mistaken for real money in everyday life, police said in a statement.”

The US Secret Service says it seized $21.8 million in fake currency last year, triggering 197 arrests. Although the dollar value of its seizures has dropped in recent years, the agency warns counterfeiting techniques are evolving along with advances in technology.

“The threat of counterfeit U.S. currency to the financial system of the United States continues to evolve. Advances in technology, the availability of scanning and printing devices and the adoption of the U.S. dollar by nations as their legal tender have exacerbated the global threat.”

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney


Credit: Source link

RELATED POSTS

Feds Arrest Owner of $100,000,000 Dark Web Marketplace Using Crypto To Process Drug Transactions

Woman To Serve About Seven Years Behind Bars for Laundering Bitcoin Proceeds of $6,400,000,000 Fraud: Report

$1,800,000,000,000 Bank Says Customers’ Personal Information Has Been Exposed and Accessed in Mysterious Data Breach

Buy JNews
ADVERTISEMENT
ShareTweetSendPinShare
Previous Post

Hong Kong Police In Search of Four After Crypto Investor Abduction: Report

Next Post

Ethereum Transaction Fees Slide Nearly 94% Over the Past 68 Days

Related Posts

Scammer Nabs $55,000 in Crypto by Duping the U.S. Drug Enforcement Agency: Report
Scams

Feds Arrest Owner of $100,000,000 Dark Web Marketplace Using Crypto To Process Drug Transactions

May 27, 2024
Analyst Who Nailed 2022 Crypto Bottom Issues Bitcoin Alert, Says BTC Could Nosedive by Over 35% – Here’s Why
Scams

Woman To Serve About Seven Years Behind Bars for Laundering Bitcoin Proceeds of $6,400,000,000 Fraud: Report

May 26, 2024
$1,800,000,000,000 Bank Says Customers’ Personal Information Has Been Exposed and Accessed in Mysterious Data Breach
Scams

$1,800,000,000,000 Bank Says Customers’ Personal Information Has Been Exposed and Accessed in Mysterious Data Breach

May 25, 2024
Next Post
Ethereum Transaction Fees Slide Nearly 94% Over the Past 68 Days

Ethereum Transaction Fees Slide Nearly 94% Over the Past 68 Days

Will BlockDAG Deliver the Same?

Will BlockDAG Deliver the Same?

Recommended Stories

Treasury Proposes Stablecoin AML Rules as Bessent Vows to Protect US Financial System – Crypto News Bitcoin News

Treasury Proposes Stablecoin AML Rules as Bessent Vows to Protect US Financial System – Crypto News Bitcoin News

April 8, 2026
Can US-Iran new peace deal signal keep Bitcoin above $70,000?

Can US-Iran new peace deal signal keep Bitcoin above $70,000?

April 8, 2026
Argentina Reviews Phone Logs in LIBRA Case Linked to Javier Milei (Report)

Argentina Reviews Phone Logs in LIBRA Case Linked to Javier Milei (Report)

April 8, 2026

Popular Stories

  • Winklevoss Twins Continue Crypto Donation Spree With Another $1,000,000 in Bitcoin (BTC)

    Trader Says DeFi Altcoin Aave Witnessing Clear Trend Switch, Updates Forecast on Two Low-Cap Coins

    0 shares
    Share 0 Tweet 0
  • Bitcoin Surges to $29k as Fed Chair Hints at No Interest Rate Hike

    0 shares
    Share 0 Tweet 0
  • Four Crypto Projects Are Making Huge Progress Despite Sideways Markets, According to Trader Aaron Arnold

    0 shares
    Share 0 Tweet 0
  • Bitcoin Stands Tall: Will Ripple (XRP), Polygon (MATIC), and Polkadot (DOT) Follow or Forge Ahead?

    0 shares
    Share 0 Tweet 0
  • These Digital Miners Will Reshape BTC Mining Accessibility in 2024: GoMining

    0 shares
    Share 0 Tweet 0
CryptoSpiel.com

This is an online news portal that aims to provide the latest crypto news, blockchain, regulations and much more stuff like that around the world. Feel free to get in touch with us!

What’s New Here!

  • Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases
  • SEC Opens Proceedings on NYSE Proposal to List Grayscale Crypto ETF Options – Regulation Bitcoin News
  • Anthropic Reveals Claude Code Tool Design Philosophy Behind AI Agent Development

Subscribe Now

Loading
  • Live Crypto Prices
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - cryptospiel.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams

© 2021 - cryptospiel.com - All rights reserved!

Please enter CoinGecko Free Api Key to get this plugin works.