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Counterfeit money gang is jailed (moved from ATSNN)

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posted on Jun, 13 2005 @ 02:00 PM
Police have found a stash of counterfeited US and UK currency
Worth over
£2.5 million us notes and
$3.5m worth of counterfeit US notes.
This would have had the potential to under mine the economy of both countries badly and have dire effects on both economies.
When police raided the bogus business premises on the Cavendish Industrial Estate on Dean Street they found counterfeiting machinery, including a four-colour printer, a guillotine, papers and inks.

Det Supt Lewis, from the National Crime Squad, said: "This is one of the most sophisticated counterfeit printing operations we've uncovered in recent years.

"These were good quality banknotes, good quality travellers' cheques which could have had a very significant undermining effect on those economies."

An undercover BBC investigations team had also secretly filmed the gang producing £10 and £20 notes and $100 bills.

One of the reporters, James Raven, 44, of Bolton, was jailed for life in August 2004 after being convicted of murder in an unconnected case.

Please visit the link provided for the complete story.

I thought the new notes were brought out a couple of years ago so the same thing that happened last time when a person counterfeited thousands of pounds wouldn’t occur again.

Just shows nothings full proof

video clip

[edit on 13-6-2005 by bodrul]

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