Stay Connected: RSS | Email Alerts | Mobile & iPhone
Print this Story
Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large

Bad economic times mean rise in counterfeit bills passed


Last Update: 12/30/2008 10:38 am
Reported by: Joe Ducey
Email: jducey@abc15.com

As economic concerns rise, more consumers are trying to pass fake bills to pay things like utilities or to buy groceries and other essentials. Authorities say that's usually the domain of drug dealers, according to USA Today.

28% more counterfeiters were arrested in 2008 over 2007. It's the highest number since 2004 says the Secret Service, which safeguards the nation's currency.

Counterfeiters passed $64.4 million in fake cash. That's a 5% increase over 2007. That too is the highest amount since 2004.

The Secret Service says they're seeing more students using counterfeit $20 bills to buy pizza. They also see more people using fake bills to buy gas to get to work.

Authorities say recent cases include one in Milford, Michigan. Detectives investigated a 15 year-old boy for allegedly photographing currency with a scanner copier and passing it off at his high school cafeteria.

Earlier this month in Georgia, USA Today says banks found counterfeit $20 and $100 bills in merchant deposits.

Authorities say new technology involving printers and scanners has made it easier to make the fake bills look more real.

More Tampa Bay News
Deputies and DEA investigating Citrus meth lab
Citrus County Deputies and DEA agents are at the scene of a meth lab in Homosassa.
Four suspects, victim arrested in botched home invasion
It started out as a simple drug rip-off, and turned into a bizarre case of lies and deceit, according to a A Hillsborough Sheriff's spokesperson.
County considers new gym for Westchase
Some parents are already questioning the proposed expense in the middle of a recession.
Bicyclist crushed by hit-and-run dump truck
The Highway Patrol says a truck hauling rock crossed an intersection and hit a bicyclist before continuing south on U.S. 301 Friday morning. Video Video
Red light cameras get thumbs up from St. Pete City Council
City Council members have approved a measure to install red light cameras at dangerous intersections. A final vote is set for April 1. Video Video



Bicyclist crushed by hit-and-run dump truck
The Highway Patrol says a truck hauling rock crossed an intersection and hit a bicyclist before continuing south on U.S. 301 Friday morning.
Accu-Weather Forecast
Doctors use magnets to fix hearts
Doctors are now using a new piece of machinery to help cure irregular heart beat. They're using magnets to guide doctors into hard to reach places.
  This site is hosted and managed by Inergize Digital.