Do all bills have magnetic ink? I cannot seem to find a list.
One dollars do not as of yet
But what about old $20 bills. Strange I cannot find a list. Kinda worried.
Counterfeit U.S. Cash Floods Crime Forums
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Re: Counterfeit U.S. Cash Floods Crime Forums
#12Earlier quoted context omitted.
One dollars do not as of yet
But what about old $20 bills. Strange I cannot find a list. Kinda worried.
If you're relying on this one feature to detect counterfeits, that's a bad approach. Magnetic ink has been available for years to print onto fake checks (the account digits are MICR -- not just a pretty font)
Side note: One of the techniques that check kiters used to extend the float time was to erase the info encoded into the magnetic ink, which meant the routing & account numbers had to be typed in by hand at the processing center. The introduction of character recognition software means that technique is no longer usable.
Re: Counterfeit U.S. Cash Floods Crime Forums
#13The primary question: How the hell do you get this to your door? If I was to order it to a physical box, I face major felony charges as the government has a website to hack, and I am not confident in some random dude's ability to secure his website with every known security hole patched.
Typically you ship to some drop address (e.g., a house you know is empty, or somewhere where they'll leave the package somewhere easy to surveil and pick up). There was a DC-area mayor who had drugs shipped to him in this kind of scheme (he was uninvolved) and had his house shot up by a SWAT team as a result. http://en.wikipedia.org/wiki/Berwyn_Heights,_Maryland_mayor'...
who had drugs shipped to him...(he was uninvolved)
"had drugs shipped" is a little ambiguous: someone shipped drugs using the mayor's house as the destination; Mayor Calvo had no knowledge or involvement in this. Despite his lack of involvement, the SWAT teams shot both of his Labrador retrievers, including one that was fleeing.
Photo of the mayor and the deceased: http://media.washingtonpost.com/wp-dyn/content/photo/2009/09...
Re: Counterfeit U.S. Cash Floods Crime Forums
#14I lived in Ecuador for 5 months, which uses the US Dollar. A couple of local guys that worked for me had a lot of fun testing my abilities to detect fake bills, which are plentiful in Ecuador. Even when they gave me two bills and told me one was real and one was fake, I couldn't discern any difference after 5 months of them showing me all the tricks of the trade. The copies are extremely good, and I suspect not many…
> The copies are extremely good, and I suspect not many people in the US are going to spend the time to check if a $10 or $20 is fake.
Many places will at least use the marker test on a $20.
Re: Counterfeit U.S. Cash Floods Crime Forums
#15The primary question: How the hell do you get this to your door? If I was to order it to a physical box, I face major felony charges as the government has a website to hack, and I am not confident in some random dude's ability to secure his website with every known security hole patched.
You don't. That's what minions are for :)
Seriously, most people would order this for delivery outside the US (where it's even less likely to be detected if passed at a bank or bureau de change). If they want to use it in the US, order it for delivery elsewhere and tehn smuggle it in.
Ordering for delivery by the USPS would be insanely stupid unless you had a very clearly document legitimate purpose. I'm a bit surprised Krebs didn't order some for himself - with his public standing as a security expert I'm sure his lawyer could work out a way for him to obtain some and then turn it over to law enforcment after assessing it.
Of course, it's quite likely that this is some sort of honey trap designed to attract less astute buyers from the world of organized crime/terrorism.
Re: Counterfeit U.S. Cash Floods Crime Forums
#16I lived in Ecuador for 5 months, which uses the US Dollar. A couple of local guys that worked for me had a lot of fun testing my abilities to detect fake bills, which are plentiful in Ecuador. Even when they gave me two bills and told me one was real and one was fake, I couldn't discern any difference after 5 months of them showing me all the tricks of the trade. The copies are extremely good, and I suspect not many…
> The copies are extremely good, and I suspect not many people in the US are going to spend the time to check if a $10 or $20 is fake. Many places will at least use the marker test on a $20.
From the article, the seller claims that the bills will pass the pen test, so that wouldn't help.
Re: Counterfeit U.S. Cash Floods Crime Forums
#17>'MrMouse says his single-ply bills do not have magnetic ink, and so they won’t pass machines designed to look for the presence of this feature.' Clever tip for detecting counterfeits, found in comments: >'A good strong, neodynmium cylindrical magnet stuck to the side of something is a great way to check US currency. Just hold a bill by the corner and dangle it close to the magnet. The bill will show a slight, but ve…
nevertheless, I can hit my local CVS and pay with my $100. They will just check the security strip. Easy peasy.
I think the point was that these bills have said security strip.
Re: Counterfeit U.S. Cash Floods Crime Forums
#18Note that Krebs hasn't verified that any orders have been received (fake "reviews" in underground forums are very common). Lots of people have claimed to sell fake currency in these marketplaces and are almost always a scam. This looks like one too.
> (fake "reviews" in underground forums are very common)
Do you have any references for that? Besides the top layer of these sites, I was under the impression that if you go down your "vouchers" go down with you.
Re: Counterfeit U.S. Cash Floods Crime Forums
#19My question was "is buying counterfeit money but not using it a crime". According to this, it's not:
http://www.secretservice.gov/money_law.shtml
"Possession of counterfeit United States obligations with fraudulent intent is a violation"
Specifically, at least on that page, it would not appear to be a crime to buy counterfeit money as long as a) you didn't use it and b) you didn't try to sell it.
Re: Counterfeit U.S. Cash Floods Crime Forums
#20It's funny that no one is checking serial numbers. Nowadays it would not be too hard to look up in a database if the number was issued, is in use elsewhere, or belongs to a destroyed note.
Privacy, cost and protocol issues left as an exercise.