Counterfeiters Hit Northwest U.S. Banks and Retailers with Clever Counterfeit $10,00 Bills 


A real $10,000 bill (as shown above) should have a date of 1928 or 1934 and a picture of Salmon P. Chase, not Benjamin Franklin

The Secret Service has released copies of the clever counterfeit bills – like this one shown above which fooled a teller at a Wells Fargo bank in Seattle.  The Secret Service warns the counterfeit $10,000 bills are likely to have a newer date and a picture of Benjamin Franklin instead of Salmon P. Chase


© 2014 The World Post Times

WASHINGTON, D.C. -- The United States Secret Service has reported that clever counterfeiters are turning real $100 bills into fake $10,000 bills and are fooling retailers and banks all over the Northwestern United States.  The real $10,000 bill was printed only in 1928 and 1934, and only 336 are known to exist in the world.

The Secret Service has called for a “full blown investigation” into what may be the largest counterfeit ring of the century.  The crafty crooks have already hit twelve retailers and four banks in Oregon, Idaho and Washington.  A Best Buy in Eugene, Oregon sold almost $40,000 worth of merchandise to counterfeiters who used four of the sophisticated bills. 

A Wal-Mart in Olympic, Washington gave back $9,999.12 in change to a counterfeiter who purchased a pack of gum with the fake $10,000 bill.  “We were stunned when the bank told us it was counterfeit,” said store manager Marvin Hanson.

“These guys are real pros –they know exactly what they are doing” said Adam Simmons of the U.S. Secret Service.  Simmons noted there are no recognized tests to determine the genuineness of a $10,000 bill.  “Retailers and even the banks have trained their employees to test only for the authenticity of $100 bills and lower denominations, and when you perform the traditional starch and watermark tests on these fake $10,000 bills, the fake bill passes every time.”

The Secret Service stated the telltale sign that the $10,000 bill is not authentic is that Benjamin Franklin was never on the $10,000 bill – instead it is Salmon P. Chase.  “All of those old guys on money kind of look alike but banks and retailers should study the faces of Chase and Franklin to tell them apart. And Franklin has longer hair than Chase, like an old hippy who smokes a lot of pot” warned Simmons.

© The World Post Times