Raids land US$11.04m of forged bills

FAKE US$100 BILLS: Because of the sophisticated technology used, the CIB invited a US Secret Service specialist in counterfeit money to examine the forged banknotes

Taipei Times
Date: Dec 07, 2019
By: Jason Pan  /  Staff reporter

The Criminal Investigation Bureau (CIB) and the New Taipei City District Prosecutors’ Office

Counterfeit US$100 banknotes seized by the Criminal Investigation Bureau and New Taipei City prosecutors are displayed in Taipei yesterday.
Photo: Chiu Chun-fu, Taipei Times

yesterday announced that they had broken up a counterfeiting ring, detained five suspects and seized forged US currency which had reportedly fooled some local banks.

Raids carried out over the past month had seized a total of US$11.04 million in counterfeit US$100 bills, making it one of the largest forgery cases in the nation’s history, CIB investigator Hsu Chao-pin (徐釗斌) said.

The forged notes were of high quality, with the smaller detectors used in some local banks indicating they were authentic, although the bills could not trick larger, standard detectors, CIB Forensic Examination Division head Yeh Chia-yu (葉家瑜) said.

Because of the sophisticated printing and engraving technology used, the bureau invited a US Secret Service specialist in counterfeit money to travel to Taiwan from Hong Kong to examine the forged notes, Yeh said.    [FULL  STORY]

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