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Canadians bust people behind U.S. currency printing operation

Canadian authorities crack down on people using printing press to create U.S. currency

By Michael Hatamoto on Feb 4, 2014 12:36 pm CST - 0 mins, 39 secs reading time

The United States Secret Service and Royal Canadian Mounted Police (RCMP) recently seized an offset printing press that has reportedly printed millions of dollars in fake currency. The counterfeit bills would have been impossible to detect with a quick glance, and ideal for regions of the world where a counterfeit detector pen or machine aren't used by cashiers.

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During a previous raid in 2012 by the Secret Service and RCMP, $1 million in fake non-sequential numbered bills were seized.

Counterfeiting currency has become increasingly difficult with the Secret Service actively investigating counterfeiting cases - and due to technological security defenses - but occasionally people are able to successfully print fake funds. As home printers, toner technology and ink jet products become better, there is concern that counterfeiting will remain a lucrative underground effort.

Michael Hatamoto

ABOUT THE AUTHOR - Michael Hatamoto

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

NEWS SOURCE:ibtimes.com

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