Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Paper Money
>
Dollar counterfeiting 'more profitable than cocaine' in Peru
>
Reply to Thread
Message:
<p>[QUOTE="Fall Guy, post: 1782153, member: 35281"]Interesting article.</p><p> </p><p><span style="font-size: 13px"><font face="helvetica"><span style="color: #000000"><i>Peru, which recently overtook Colombia as the leading cocaine producer, has now overtaken Colombia as the <a href="http://latino.foxnews.com/latino/money/2013/09/05/peru-is-world-leader-in-pumping-out-fake-us-dollars-made-by-hand/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://latino.foxnews.com/latino/money/2013/09/05/peru-is-world-leader-in-pumping-out-fake-us-dollars-made-by-hand/" rel="nofollow"><span style="color: #116395">world's leading counterfeiter of U.S. dollars</span></a>.</i></span></font></span></p><p><br /></p><p><span style="font-size: 13px"><font face="helvetica"><span style="color: #000000"><i>The United States Secret Service, charged with protecting the currency, opened an office in Lima last year to deal with the rise in counterfeiting in the country.</i></span></font></span></p><p><br /></p><p><span style="font-size: 13px"><font face="helvetica"><span style="color: #000000"><i>Over the past decade, $103 million in fake U.S. dollars originating from Peru have been seized -- nearly half since 2010. The Peruvian counterfeit bills are of particularly high quality because they are finished by hand.</i></span></font></span></p><p><br /></p><p><span style="font-size: 13px"><font face="helvetica"><span style="color: #000000"><i>The counterfeiters are using standard offset machines like those used for printing newspapers. Much of the finishing detail work, such as inserting security strips and texturing, is done by children.</i></span></font></span></p><p><br /></p><p><span style="font-size: 13px"><font face="helvetica"><span style="color: #000000"><i>Still, the Peruvian counterfeiters use commercially available bond paper, which disintegrates easily when wet.</i></span></font></span></p><p><span style="font-size: 13px"><font face="helvetica"><span style="color: #000000"><i>In Colombia, years of law enforcement efforts have clamped down on counterfeiting. A decade-long U.S. effort in the country has led not just to a reduction drug trafficking, but counterfeiting as well.</i></span></font></span></p><p><br /></p><p><span style="font-size: 13px"><font face="helvetica"><span style="color: #000000"><i>And while the flow of fake U.S. dollars and cocaine from Colombia has been slowed, Peru has stepped in to claim the lost business. In addition to being the world's largest producer of counterfeit U.S. dollars, the U.N. recently estimated that Peru had overtaken its Andean neighbor in cocaine production as well.</i></span></font></span></p><p><span style="font-size: 13px"><font face="helvetica"><span style="color: #000000"><br /></span></font></span></p><p><span style="font-size: 13px"><font face="helvetica"><span style="color: #000000"><br /></span></font></span></p><p><span style="font-size: 13px"><font face="helvetica"><span style="color: #000000">Read more: <a href="http://www.upi.com/blog/2013/09/05/Dollar-counterfeiting-more-profitable-than-cocaine-in-Peru/8151378399979/#ixzz2e2pZ8IN1" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.upi.com/blog/2013/09/05/Dollar-counterfeiting-more-profitable-than-cocaine-in-Peru/8151378399979/#ixzz2e2pZ8IN1" rel="nofollow"><span style="color: #003399">http://www.upi.com/blog/2013/09/05/Dollar-counterfeiting-more-profitable-than-cocaine-in-Peru/8151378399979/#ixzz2e2pZ8IN1</span></a></span></font></span>[/QUOTE]</p><p><br /></p>
[QUOTE="Fall Guy, post: 1782153, member: 35281"]Interesting article. [SIZE=13px][FONT=helvetica][COLOR=#000000][I]Peru, which recently overtook Colombia as the leading cocaine producer, has now overtaken Colombia as the [URL='http://latino.foxnews.com/latino/money/2013/09/05/peru-is-world-leader-in-pumping-out-fake-us-dollars-made-by-hand/'][COLOR=#116395]world's leading counterfeiter of U.S. dollars[/COLOR][/URL].[/I][/COLOR][/FONT][/SIZE] [SIZE=13px][FONT=helvetica][COLOR=#000000] [/COLOR][/FONT][/SIZE] [SIZE=13px][FONT=helvetica][COLOR=#000000][I]The United States Secret Service, charged with protecting the currency, opened an office in Lima last year to deal with the rise in counterfeiting in the country.[/I][/COLOR][/FONT][/SIZE] [SIZE=13px][FONT=helvetica][COLOR=#000000] [/COLOR][/FONT][/SIZE] [SIZE=13px][FONT=helvetica][COLOR=#000000][I]Over the past decade, $103 million in fake U.S. dollars originating from Peru have been seized -- nearly half since 2010. The Peruvian counterfeit bills are of particularly high quality because they are finished by hand.[/I][/COLOR][/FONT][/SIZE] [SIZE=13px][FONT=helvetica][COLOR=#000000] [/COLOR][/FONT][/SIZE] [SIZE=13px][FONT=helvetica][COLOR=#000000][I]The counterfeiters are using standard offset machines like those used for printing newspapers. Much of the finishing detail work, such as inserting security strips and texturing, is done by children.[/I][/COLOR][/FONT][/SIZE] [SIZE=13px][FONT=helvetica][COLOR=#000000] [/COLOR][/FONT][/SIZE] [SIZE=13px][FONT=helvetica][COLOR=#000000][I]Still, the Peruvian counterfeiters use commercially available bond paper, which disintegrates easily when wet.[/I][/COLOR][/FONT][/SIZE] [SIZE=13px][FONT=helvetica][COLOR=#000000][I]In Colombia, years of law enforcement efforts have clamped down on counterfeiting. A decade-long U.S. effort in the country has led not just to a reduction drug trafficking, but counterfeiting as well.[/I][/COLOR][/FONT][/SIZE] [SIZE=13px][FONT=helvetica][COLOR=#000000] [/COLOR][/FONT][/SIZE] [SIZE=13px][FONT=helvetica][COLOR=#000000][I]And while the flow of fake U.S. dollars and cocaine from Colombia has been slowed, Peru has stepped in to claim the lost business. In addition to being the world's largest producer of counterfeit U.S. dollars, the U.N. recently estimated that Peru had overtaken its Andean neighbor in cocaine production as well.[/I][/COLOR][/FONT][/SIZE] [SIZE=13px][FONT=helvetica][COLOR=#000000] Read more: [URL='http://www.upi.com/blog/2013/09/05/Dollar-counterfeiting-more-profitable-than-cocaine-in-Peru/8151378399979/#ixzz2e2pZ8IN1'][COLOR=#003399]http://www.upi.com/blog/2013/09/05/Dollar-counterfeiting-more-profitable-than-cocaine-in-Peru/8151378399979/#ixzz2e2pZ8IN1[/COLOR][/URL][/COLOR][/FONT][/SIZE][/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Paper Money
>
Dollar counterfeiting 'more profitable than cocaine' in Peru
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...