Between 2010 and May 2013, law enforcement authorities in Peru have arrested 296 people for counterfeiting US dollars and broken up seven gangs who were organizing the production of counterfeit money. Up to 17 percent of the fake US dollars in circulation in the United States were produced in Peru. Police in Peru seized $24… Continue reading Arrests for Counterfeiting US Dollars in Peru
The Royal Canadian Mounted Police stated that 44,975 counterfeit Canadian banknotes were found by authorities in 2012. The number of fake banknotes discovered in circulation has been declining for 8 years in a row and is down 92 percent from 2004. Aside from the number of fake banknotes discovered, the RCMP also seized 14,882 counterfeit… Continue reading Fake Canadian Dollars In Circulation
Bankers in India estimate that up to $2.2 Trillion (120,000 Billion Indian Rupees) of currency in the country could be counterfeit. In 2009 to 2010, the Reserve Bank of India detected over 400,000 counterfeit notes that were passed in circulation. Authorities state that many ATM machines at bank locations dispense fake 500 and 1,000 notes.… Continue reading Counterfeit Banknotes and Rupees in India
Some women sex workers in Calcutta, India are reported to earn as little as $1.85 a day (100 Indian Rupees). There are around 10,000 prostitutes in the region. (Number of prostitutes by country.) In 2013, customers were beginning to pay for services using fake rupee notes. Many male customers were reportedly paying with counterfeit 500… Continue reading Prostitutes in Calcutta, India
The MTA in New York City stated that 917 counterfeit bills were used to purchase MetroCards in 2012. The face value of the counterfeit dollars was $19,060. In 2011, a total of 975 counterfeit bills valued at $30,232 were used in NYC to purchase MetroCards. Source: Michael Gartland, “MTA clerks forced to pay for accepting… Continue reading Buying MetroCards With Counterfeit Dollars in NYC
The United States Federal Government convicts around 98.8 percent of the cases regarding fake US banknotes that it brings to trial. (How criminal make counterfeit dollars.) Source: Justin Peters, “Counterfeiting American Currency Might Be the Dumbest Crime Imaginable,” Slate, Crime blog, March 13, 2013.
Financial authorities in the European Union detected 184,000 counterfeit euro coins in 2012. The number of fake coins removed from circulation was 17 percent higher than the 157,000 fakes removed in 2011. The most counterfeited coin was the 2-euro domination, which represented 2 out of ever 3 counterfeit euro coin. Authorities detected 531,000 counterfeit euro… Continue reading Counterfeit Euros Detected in 2012
The European Commission reported that counterfeit euros in across the European Union causes a $676 Million (€500 Million) financial impact. Europol stated that most of the counterfeit banknotes that are detected and passed across the EU originated from Bulgaria, Colombia and Italy. Source: Vincent Ryan, “Ireland’s counterfeit gang laws ‘insufficient’,” Irish Examiner, February 6, 2013.
The United States Secret Service stated that it seized nearly $81 Million in Counterfeit US Dollars in Fiscal Year 2011-2012. 2,424 people were arrested during the fiscal year for counterfeiting US dollars. Source: Kim Severson, “On the Trail of a Counterfeiting Called “The Printer”,” New York Times, January 4, 2013.
The New Zealand Reserve Bank reported that the amount of counterfeit money in circulation within the country was about 1 bank note in a million. The amount of counterfeit money detected in circulation was down from the three in a million rate reported in 2011. In total, about 136 million counterfeit banknotes, ranging from 5… Continue reading Counterfeit New Zealand Dollars in Circulation