By Murray Weiss – DNAInfo.com
NEW YORK CITY — It’s all about the Benjamins.
An international counterfeiting ring has been pumping millions of dollars in phony $100 bills into New York and other cities in the metropolitan area over the past several years, forcing the Secret Service to step up its operation to shut it down, sources told “On The Inside.”
Federal officials are tracking the mules who smuggle bogus bills into the country and distributing an alert to New York businesses, banks and security industry personnel that teaches how to detect the fake C-notes, a copy of which DNAinfo New York obtained.
The counterfeit cash appears to have been manufactured on offset printing machines using plates and ink, rather than on more sophisticated copiers, according to Michael Seremetis, the assistant special agent in charge of the New York Secret Service office.
The loot is produced in bulk and bundled into packages that are smuggled in luggage or carried on planes by couriers who get about 40 cents on the dollar to put the fakes into circulation.
“The network is similar to that of the narcotics trade,” Seremetis explained. “It is distributed via a sophisticated network that involves several mules who do the passing of the notes here in the tri-state area.”
The Secret Service warning says the bills contain a set of five different serial numbers and have two black 7s above the last zero on the lower right-hand corner, above the “100” mark on the back of the bill.
Although the Super Bowl game is taking place in the New York City area, officials are downplaying any connection between those festivities and the timing of their warning — and insist counterfeiters are not using the big game as a convenient time to pass off their funny money.
The counterfeit cash frequently turns up in clubs, bars and casinos, officials said. Department stores over holiday periods are typical targets.
If you have a phony $100 that is confiscated, you will lose the value of the money but can declare a tax loss at the end of the year, officials said.
“We are asking the public to let us know if they encounter these bills,” Seremetis said.
Officials asked anyone with information to call the Secret Service’s New Haven office at (203) 865-2449, or the NYPD at 1-800-577-TIPS. All calls will be kept
there are also people coming around selling FAKE old coins, that are so hard to detect, they are made in China really. BEWARE.
gut gezuked
Whats the difference between these counterfeits and the Feds counterfeits? Its all fiat not even money. The only thing that has any real value is Torah and Mitzvos!
I walked into the corner store and asked the guy for change of a $19 bill. He said sorry I only have $7’s and $9’s!
BS”D ha ha # 3 that’s bc you only carry one thousand dollar bills (hopefully) or less than 100 dollar bills
The Meshulochim will be more than happy to takes these bills.
I’m largely immune to this one.
‘Thank you Secret Service and government in general for keeping the laws so weak that criminals aren’t afraid to break the law. Let’s face it, you people need work also!
So: ‘Keep the money flowing!’
‘Keystone Cops’
Could we see a picture of what the 7’s look like and where they would be? There is more than on 100 on the back of a bill.