German police seize $100 million in US-bound fake bills (www.dw.com)

submitted 7 months ago by Rapidcreek@lemmy.world to c/world@lemmy.world

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[-] ivanafterall@kbin.social 22 points 7 months ago

How will they dispose of the $90 million in fake bills police turned in?

[-] tsonfeir@lemm.ee 19 points 7 months ago

They will obviously burn all $80 million.

[-] PlasticExistence@lemmy.world 13 points 7 months ago

Emissions laws there mean they can't burn 35 million in fake bills. They'll have to shred it.

[-] apfelwoiSchoppen@lemmy.world 12 points 7 months ago

True. Most of the 15 million can't be shredded and will have to be dissolved in acid.

[-] noughtnaut@lemmy.world 4 points 7 months ago* (last edited 7 months ago)

The article describes this as"prop money", but doesn't give further details.

If you're curious, Adam Savage has a number of videos from Hays Press explaining actual prop money.

https://www.youtube.com/watch?v=drLzVcgnBfI
https://www.youtube.com/watch?v=EfYcSqxh1GU
https://www.youtube.com/watch?v=UlrX1btOH7Q

[-] jordanlund@lemmy.world 3 points 7 months ago

Stacks of $1's.

TIL someone is bothering to make fake $1's.

[-] Raiderkev@lemmy.world 11 points 7 months ago

I have never in my life had a $1, $5, or a $10 checked in my life. There could be an absolute fuck ton of fakes in circulation. No one ever checks them.

[-] autotldr@lemmings.world 1 points 7 months ago

This is the best summary I could come up with:

Police in the northern German port city of Kiel on Friday said they had discovered counterfeit cash worth more than $103 million.

Officials think the haul of low-quality forgeries was part of a wider shipment operation for falsified bills from Turkey, through Germany, to the United States.

Investigators tracked the company locations of a suspect after US security authorities tipped off German federal police.

The trader allegedly used one of the accused's export companies in the Schleswig-Holstein town of Jübek as an interim storage facility for onward transport to the US.

The counterfeits, also known as "prop copies" or "movie money," are not particularly convincing and can be recognized as fakes upon closer inspection.

However, they have been classified by Germany's central Bundesbank and US authorities as likely to be confused with real money in payment transactions.

The original article contains 260 words, the summary contains 127 words. Saved 51%. I'm a bot and I'm open source!

[-] Nomad@infosec.pub 1 points 7 months ago

"They are printing money all the time. Why can't I do that?!"

"They print so much money, this isn't even a drop in the bucket. Why would you even prosecute that?"

The US printed 3 trillion USD the last few years while exporting inflation to all uses of the USD. The stimulation checks were just a way to give some of that back to the people inside of the US who were also stolen from.

[-] maynarkh@feddit.nl 6 points 7 months ago

And the stimulus got mostly spent on rent and paying back debt, so ultimately it ended up with Wall Street, who then proceeded to buy up housing with it.

this post was submitted on 06 Apr 2024

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