October 17, 2003
Love The Security In The New $20
Well, it looks like our new redesigned and supposedly better $20 bill isn't quite all it's cracked up to be. Two men in Utah were arrested last night while in the process of counterfeiting the new bill in a hotel room. They were caught after a clerk noticed that the counterfeit bills weren't real and the morons paid for a room at that hotel anyways.
Now that sounds like the bill did its job right? Wrong. They were able to pass them off as legit:
Counterfeit bills with the same serial number as the bill on the scanner have turned up in Riverdale, Ogden and South Ogden.
One of the biggest problems with the printing of currency is that people are always looking for a way to make a quick buck. No bill is completely counterfeit-proof and no bill ever will be. Scam artists can always find a way to work around any new security feature.
I'm just surpirsed that these two were able to get working on this so quickly. I still haven't even seen the new Monopoly money, except on commercials and advertisements superimposed on football fields.
I wonder how long before the next redesign?
Posted by Chris at October 17, 2003 03:03 PM | TrackBack | Linked by:I remember hearing something on a NOVA program re: counterfeiting about serial numbers.
Some countries have put money thru readers devery night to specifically look for duplicate serial numbers, then the can locate incoming counterfeit bills faster and get them out of circulation.
But I don't remember the detail, or know how practical that is to do here in the states.
Posted by: Adriane at October 17, 2003 05:18 PMComments have been closed on this entry in an effort to conserve disk space. If you have feedback on this entry, please email me at blog - at - cbnoble.com.


