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January 14, 2013

Secret Service eyeing 'unbelievably good' counterfeit bills

MILLEDGEVILLE, Ga. —  

A deputy sheriff described it as “high-grade money” but added an important caveat: It’s fake.

That’s only one of the counterfeit cash problems local law enforcement and the Secret Service are facing as they try to bring down a 20-state operation that may have thousands of fake $100 bills in circulation.

“This stuff has the watermark, the hologram, the magnetic strip, and the fibers in the paper. It is unbelievably good money,” Capt. Brad King of the Baldwin County Sheriff's Department.

The $100 bills will pass a marking test and go through a money counter. The bank noticed only a minor tactile difference. 

Milledgeville police became involved when a suspect still at large purchased $4,700 worth of money orders throughout the area using the high-grade counterfeit cash. The money was later determined to be bogus.

This kind of counterfeit operation is unprecedented, King said. “All of the store owners and everybody needs to be aware,” he said. 

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Details for this story were provided by The Union-Recorder in Milledgevile, Ga.

 

 

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