Top 10 Historical Counterfeiters & Why You Should Know About Them

Top 10 Historical Counterfeiters & Why You Should Know About Them

The U.S. Secret Service is charged with finding people who make fake money and try to pass it as real. Although most people believe the Secret Service were always the agency who protected the president, that isn’t the case. President Lincoln signed the document creating the Secret Service to arrest counterfeiters as well. Today, that remains the agency’s main purpose, but the duties have expanded to include protecting the president, dignitaries and heads of state from other countries, credit card fraud, financial fraud and schemes, and more. The need to fight the counterfeiters continues as strong as it was in Lincoln’s day. In fact, the number of counterfeiters are rising.

Two Factors Lending to Rise in Counterfeiting

Holiday shopping and sales associate fatigue both contribute to the rise in counterfeiting. During the Christmas shopping season, so many people are in the stores that counterfeiters can take advantage. Sales clerks want to get people through the line as quickly as possible, so they don’t pay attention to the money they are handling. They are used to seeing people carrying $20 bills, so they think nothing of it when someone hands them a twenty. In addition, store managers have too few staff and too many hours to work. It is not uncommon for sales associates to work 12 hours or more during Christmas. This means they are tired and stretched to the limit. Coupled with the sheer numbers standing line, it’s no wonder that checking for counterfeit bills is a low priority.


In addition, people making fake money are using more advanced technology. As technology advances, the quality of the counterfeit is harder to discern. In some cases, it virtually not detectable unless you are a trained agent. As the world becomes a marketplace through the Internet, you can purchase the ingredients needed to make fake American dollars. For example, a man recently caught in Canada ordered the special paper that U.S. Mint uses from a supplier in Germany and the special ink from a supplier in China. He also found through the Internet the right type of offset printer to make the bills run in sequential serial numbers, which is one of the determining factors that money is fake.


Who Are the Top Counterfeiters?

  1. Alvos dos Reis — forged contracts with the Banco de Portugal. He received banknotes from official printers. Therefore, his money was real. In 1925, he had pumped $1.7 million into the Portugal economy. When the scam was revealed, Portugal faced financial crisis that led to a dictatorship taking over the country.
  2. Edward Mueller — did such a great job on his counterfeiting that he remained uncaught for a long time. He holds the record for the longest to go without getting caught. His genius was in going small. He opted to counterfeit $1 instead of $100 in New York. He was eventually caught after more than 10 years of getting away with it.
  3. Bernhard Kruger — was part of the Nazi currency counterfeiting operation. The goal of the counterfeiting was to destabilize Allied goverments’ economies. The counterfeiting also was meant to bring in cash for the war. In the concentration camps, the Nazi counterfeiter funneled $6 billion worth of British pounds into the economy.
  4. Mike DeBardeleben — shopped in the malls in 1980s with his fake $20 bills. In the exchange, he would get real currency back. When he was identified, the country set a search upon him. He was caught and sex crimes were also closed when evidence against him was found.
  5. Stephen Jory — is known as Great Britain’s most infamous counterfeiter. He began his career by swapping cheap perfume with expensive pieces wdesigner labels. Although he admitted to counterfeiting $82 million worth of bills, the British government believes the number is higher. His counterfeits made up two-thirds of the number of fake bills in circulation between 1993 and 1998.
  6. Arthur Williams — started counterfeiting at age 16 in Chicago. His mother’s boyfriend mentored him in the trade. For more than 10 years, he printed $10 million. He paid attention to the changes in the security features and adapted his system to include them. He employed automotive paint to create color-changing ink, favored newsprint paper for the U.S. Mint’s special paper blend and drew watermarks. The government caught him in 2002 and gave him three years prison time.
  7. Wesley Weber — created Canadian hundreds that were so close to the real thing, retailers refused to accept any Canadian hundreds. Because of his success, the Canadian government decided to change the look completely.
  8. Anastasios Arnaouti — could have brought down two economies. The British counterfeiter had $4.1 million in 10-pound notes and $3.5 million in American hundreds when he was caught. He had dumped much more into circulation.
  9. Albert Talton — decided to go simple and succeed. He counterfeited $7 million using an inkjet printer.
  10. Pakistani Government — Pakistan creates fake Indian money and smuggles it across the border. This counterfeiting is related to terrorism and grudges against India.

To learn how to tell if American money is real, visit If you need to transfer money, you can be confident that you are transferring real currency.


Featured photo credit: How can You Tell if Money is Counterfeit? via


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Published on October 8, 2018

13 Incredibly Useful Tactics to Help You to Stick to Your Family Budget

13 Incredibly Useful Tactics to Help You to Stick to Your Family Budget

Are you having trouble sticking to a family budget? You aren’t alone.

Budgeting is difficult. Creating one is hard enough, but actually sticking to it is a whole other issue. Things come up. Desires and cravings happen. And the next thing you know, budgets break.

So how can you stick to a family budget? Here are 13 tips to make it easier.

1. Choose a major category each month to attack

As the saying goes, “Rome wasn’t built in a day.” With that in mind, one approach to help you get into the habit of sticking to a budget is simply starting slow.

Spend too much on Starbucks runs, eat out too often, and have an out-of-this-world grocery bill? Choose one bad habit and attack.

By choosing one behavior to focus on, you’ll prevent yourself from being overwhelmed. You’ll also experience small victories, which help you gain positive momentum. This momentum can then carry over into your overall budget.

2. Only make major purchases in the morning

If you’re making large purchases in the evening, there’s a good chance you’re doing so after a long day and you’re probably tired.

Why does this matter? Because our judgement tends to be off when tired – our willpower is compromised.

Instead, only make major purchasing decisions in the morning when you’re energized and refreshed. Your brain will be firing on all cylinders and your resolve will be high. You’re less likely to give in and settle at this point.

3. Don’t go to the grocery store hungry

Have trouble with impulse buys at the grocery store? If so, there’s a good chance you’re going grocery shopping while hungry.

The problem here is that when you’re hungry, everything looks good. So you’re more likely to make split decisions on things that aren’t on your grocery list.


Instead, make sure you eat prior to your grocery store trip. Then take your list, along with your full stomach, and go shopping. Notice how food doesn’t look quite so good when you’re not fighting cravings.

4. Read one-star reviews for products

Is there a product you just have to have (but maybe not really)? Check out the one-star reviews.

By reading all the horrible reviews, you may be able to basically trick yourself into deciding that the product isn’t worth your time and money.

Next thing you know, you didn’t make the purchase, you saved the money, and you feel good about the decision.

5. Never buy anything you put in an online shopping cart until the next day

If you are making a purchase online, it’s typically a two-step process. First, you click “Add to Cart” and then you go in to review your cart and pay.

The problem is that there not typically much reviewing during step two. It’s generally click pay and there you go. However, this is the perfect point to stop for reflection.

Once you add to your cart, your best bet is to step away until the next day. Let the item sit there and grow cold, so to speak.

This gives you a night to “sleep on it” and decide if you really want and need to spend that money. If you wake up the next day and still find the purchase viable, then perhaps it’s time to go for it.

6. Don’t save your credit card info on any site you shop on

One of the other pitfalls of shopping online is that fact that most sites ask you to save your credit card information.

While the sites will frame it as a method of convenience, the truth is they know you’ll spend more money in the long run if your credit card information is saved.

The “convenience” takes away one last decision-making point in the purchasing process. True, it’s a pain to get out your credit card and enter the information every time. But guess what? That’s the point. If that inconvenience helps you stay on budget, then it’s worth it. Which leads into the next tip.


7. Tape an “impulse buy” reminder to your credit card

Credit cards make spending much easier than cash. When you spend cash, you can literally see your wallet emptying. A credit card comes out, then goes back in. No harm, no foul.

That’s why it’s a good idea to tape a reminder to your credit card. Customize a message that is something along the lines of “do you really need this?” or “does it fit the budget?”

That way when you pull out the card, you get one last reminder to help you question your decision and stick to your budget.

8. Only use gift cards to shop on Amazon

Amazon is probably the easiest place online to blow money. It’s just so easy to click and buy. However, one way you can slow the process down is buy only using gift cards. Here’s how it works.

If you plan on making a purchase on Amazon, go to the grocery store and purchase a pre-loaded Amazon gift card of the proper amount. There’s no convenience fee, so you literally pay for the money you’ll spend.

Now take that gift card home and load it to your Amazon account. There’s your money to spend.

Why does this help? It makes you have to purposely go to the score and purchase the card in order to purchase the item. That’s a pretty deliberate thing that takes some time, commitment, and thought.

This process will effectively kill the impulse buy.

9. Budget using cash and envelopes

As mentioned earlier, it’s a lot harder to spend cash than swipe a credit card. You can take this even farther by using only cash, and separating that cash by budget category.

Create an envelope for each category and stick the cash in there at the beginning of each month. When the envelope is empty, no more spending on that category, unless you borrow from another (be careful of that approach).

This can be pretty helpful for people that have a hard time following transactions in their checking account, or keeping a budgeting spreadsheet.


The envelopes simplify the tracking process, leaving no room for error. Nothing hides from you because it’s tangible in the envelopes in front of you.

10. Join a like-minded group

Making the decision to stick to something like budgeting is difficult. It takes long-term commitment.

You’re going to feel weak sometimes. And sometimes you may fail. That said, support from others can help strengthen resolve.

Support can come from a spouse or a friend, but they won’t always have the exact same goal in mind. That’s why it’s a good idea to join a support group that’s likeminded.

No need to pay here, as there are tons of free communities that fit the bill online.

For example, reddit has multiple subreddits that deal with budgeting and frugal living. You can follow, subscribe, and get active in those communities.

This will open your eyes to new tips and strategies, keep your goal fresh on your mind, and help you realize there are others dealing with the same struggles and being successful.

11. Reward Yourself

When you set a budget, it’s usually with a large goal in mind. Maybe you want to be debt free, or perhaps you want to see $10,000 in your savings account.

Whatever the case, the end goal is great, but the end is often far away, making it hard to see the end of the tunnel.

With that in mind, it’s a good idea to set mini-goals along the way. This helps you still look at the big picture but have something that’s attainable in the short-term to help with momentum.

But don’t stop there – set rewards for yourself when you reach that small goal. Maybe it’s an extra meal out. Or a new pair of shoes.


Whatever the case, this gives you something in the near future to look forward to, which can help with the fatigue that can result in pursuing long-term goals.

12. Take the Buddhist approach

You don’t have to be a Buddhist to recognize some of the wisdom in the teachings. One of the tenets of the philosophy involves accepting that we can’t have everything we want. And that’s okay.

Sometimes you won’t feel good. Sometimes you’ll have cravings. You can’t deny them. But you can recognize them, accept them, and let them pass by. Then you move on.

Apply this to the times you want to do things that will break your budget. You’re going to have the desire to eat out when you shouldn’t. You might want to stay out and spend too much at happy hour with your work friends.

The feelings will come. Recognize them, accept them, but let them go.

13. Set up automatic drafts to savings

If you wait until you’ve spent all your budgeted money to deposit money into savings, guess what? You probably aren’t going to put any money into savings.

It’s too easy to see that as extra money and end up using it to treat yourself.

Instead, set up automatic savings withdrawals. That way, the money is marked and gone before you can even think about it. It becomes a non-issue. It’s no longer “extra.” It’s just savings.


Sticking to a budget can be difficult. No one is denying that.

However, if you can do a few things to set yourself up for success, and put some practices in place to curb impulse buys, then you can (and will!) be successful sticking to your family budget.

Featured photo credit: rawpixel via

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