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Counterfeit U.S. Cash Floods Crime Forums

krebsonsecurity.com

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Re: Counterfeit U.S. Cash Floods Crime Forums

#21

Post by justin66 »

crazypyro wrote: post #16
justin66 wrote: post #14

Earlier quoted context omitted.

> 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.

I was responding to a specific point grecy made. People will check a $20. I imagine they might even change their method of checking if a different type of counterfeit becomes popular. I've only ever seen the marker or a UV light used in public, but criminals aren't the only ones capable of adapting to new circumstances.

Hopefully it's obvious that the seller mentioned in the article is probably not making or selling a darn thing. What authority are you going to go to when you find out the counterfeit currency you bought online anonymously with bitcoins was just a scam? His scam is, on a small scale, more profitable than actually manufacturing counterfeit bills and selling them.

Which doesn't mean the seller won't get a visit from the US secret service if he's crazy enough to be running this scam outside of Russia or Nigeria or something...

Re: Counterfeit U.S. Cash Floods Crime Forums

#22

Post by sjtrny »

A lot of this concern would be removed if the US switched to polymer notes. Visiting the US last year I was surprised to see people immediately suspicious of $50 notes that I gave them. I've never seen that happen in Australia, even with $100 note.

Re: Counterfeit U.S. Cash Floods Crime Forums

#24

Post by ck2 »

larrys wrote: post #19

My 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.

Police raiding your home might be fatal, so crime or not they don't have to prosecute you to solve their problem.

Re: Counterfeit U.S. Cash Floods Crime Forums

#25

Post by dsl »

iancarroll wrote: post #18
dsl wrote: post #10

Note 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.

10+ years of being involved in fighting cybercrime. He is mostly advertising on low end forums that don't have the established social networks that would punish false reviews.

Re: Counterfeit U.S. Cash Floods Crime Forums

#26

Post by mschuster91 »

ableal wrote: post #20

It'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.

Why not make the serial numbers also a EC digital signature?!

Re: Counterfeit U.S. Cash Floods Crime Forums

#27

Post by amalcon »

larrys wrote: post #19

My 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.

I'd be careful. I'm not a lawyer, and this is not legal advice, but that page only refers to posession. I seem to recall things existing that are legal to have, but illegal to purchase.

Re: Counterfeit U.S. Cash Floods Crime Forums

#28

Post by barrkel »

sjtrny wrote: post #22

A lot of this concern would be removed if the US switched to polymer notes. Visiting the US last year I was surprised to see people immediately suspicious of $50 notes that I gave them. I've never seen that happen in Australia, even with $100 note.

You're attributing one thing - suspicion of a particular denomination - to something which it may not be related to. It may simply be due to how common a particular denomination is used in the cash economy.

In the Eurozone, €50 notes are very frequently used - it would be unusual to be specifically suspicious of that denomination - while €100 notes are far more rare.

Re: Counterfeit U.S. Cash Floods Crime Forums

#29

Post by maaku »

iancarroll wrote: post #17
Justsignedup wrote: post #3

Earlier quoted context omitted.

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.

Which was the GP's point as well.

Re: Counterfeit U.S. Cash Floods Crime Forums

#30

Post by mlvljr »

barrkel wrote: post #28
sjtrny wrote: post #22

A lot of this concern would be removed if the US switched to polymer notes. Visiting the US last year I was surprised to see people immediately suspicious of $50 notes that I gave them. I've never seen that happen in Australia, even with $100 note.

You're attributing one thing - suspicion of a particular denomination - to something which it may not be related to. It may simply be due to how common a particular denomination is used in the cash economy. In the Eurozone, €50 notes are very frequently used - it would be unusual to be specifically suspicious of that denomination - while €100 notes are far more rare.

I had my subconsciousness ping me I'd better buy something with that 500 Euro bill in the duty free shop when going to Europe last year :)
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