US Customs Agents Seizes 250 Counterfeit Billion Dollar Bills, page 1

posted on Mar, 16 2006 @ 01:09 AM

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This is really really amusing. They caught a man with bogus billion dollar bills. That's right, billion dollar bills. Now, who could be so dumb as to be fooled by this??

You got change for a Grover Cleveland, pal?

LOS ANGELES (Reuters) - The counterfeit money looked good, but there was one flaw. There's no such thing as a one billion dollar bill.

U.S. Customs agents in California said on Tuesday they had found 250 bogus billion dollar bills while investigating a man charged with currency smuggling.

Tekle Zigetta, 45, pleaded guilty to three federal counts of trying to bring cash, phony bills and a fake $100,000 gold certificate into the United States in January.

Further investigation led agents to a West Hollywood apartment where they found the stash of yellowing and wrinkled one billion dollar bills with an issue date of 1934 and bearing a picture of President Grover Cleveland.

"You would think the $1 billion denomination would be a giveaway that these notes are fake, but some people are still taken in," said James Todak, a secret services agent involved in the probe.

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Perhaps the guy was preparing for the day when hyperinflation will set in and billion dollar notes become a reality?

katanax

posted on Mar, 17 2006 @ 01:06 PM

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I want to know who could provide change!

Griff

posted on Mar, 17 2006 @ 01:14 PM

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Originally posted by katanax
I want to know who could provide change!

That was my first thought. Especially when I read the quote from the investigator. Some get taken in by it? OK...but how does one change it?

Unless he was going to buy something that cost a billion. But even then, when an exchange of money happens that is over a certain point, the government is notified. So, why would someone even make something like this?

JacKatMtn

posted on Mar, 17 2006 @ 01:18 PM

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How depressing, up til now I thought I was in pretty good shape and confident in the security of my family's fiscal future. Now after reading this, I have to wonder if my stash of 10 million dollar Nixon silver certificates are legal tender.......................................