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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.

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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.

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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 secretservice.gov. If you need to transfer money, you can be confident that you are transferring real currency.

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

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Last Updated on August 15, 2018

30 Fun Things You Can Do This Summer Without Spending Much

30 Fun Things You Can Do This Summer Without Spending Much

Summertime can be a real strain on your wallet. The sun is out, there are people to see, places to be; it’s no wonder you might be short of funds during these sunny months. Not everything has to cost you an arm and a leg.

Take some time to go through this list of 20 cheap summer activities and make some realistic goals to complete as many as you can.

Video Summary

1. Visit a strawberry festival

Summer is prime time for tasting strawberries. More often than not, an area that grows strawberries will have a strawberry festival. Indulge yourself in strawberry pies, jams, cakes and more!

2. Have a picnic

Take your partner or your family to the local park and enjoy a relaxing picnic. Designate each person to bring one food item of their choice to add to the fun.

3. Camp in your back yard

    The summer heat can sometimes make it hard to sleep. Why not enjoy the heat outside in the yard? Pitch a tent or gaze into the night sky.

    4. Take long walks

    Discover something new where you live. Take the afternoon off from your chores and go for a long walk. You may be surprised by what you discover.

    5. Break a world record

    Breaking a world record doesn’t have to be time-consuming. You could even break one on your lunch hour. Give it a go!

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    6. Go on a bike ride

    The number of bike paths on roads in big cities has increased dramatically over the years. Take advantage, and enjoy the summer breeze.

    7. Join a gym class

      The gym is not everyone’s idea of a good time, but why not go with a friend a join a class? Spinning, yoga and step classes are always more fun with friends, and a lot of gyms allow you to pay-as-you-go.

      8. Find a new hobby

      The summer is the perfect time to find a new hobby. Serotonin (our body’s natural “happy” hormone) is produced by the sunshine and will be at a yearly high, which is great for when we want to tackle something new.

      9. Join a sports team

      Not all sports teams are competitive and require huge amounts of your time. Join in the fun with like-minded people, get fit, stay healthy and make some friends along the way.

      10. Make a slip ‘n slide

        Gather your friends, some plastic sheeting, a hose, washing up liquid if desired, and make a huge slip ‘n slide just like these guys. Granted, yours won’t be as big, but you get the idea… it’s fun!

        11. Make a treasure hunt for your kids

        Today’s digital world sees our children more often than not playing inside than outside. Why not create a sense of adventure by making a treasure hunt? Only rule? It has to be outside.

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        12. Visit a free festival

        Towns and cities are awash with free festivals, with themes from film to science. Scout your local area and discover something new.

        13. Visit the zoo

          Let’s face it: we love animals. While browsing news websites and social media networks you’re bound to come across a few pictures of cats. Take a trip to your local zoo for a better experience.

          14. Take a road trip

          Enjoy the open road with a few friends and take a road trip somewhere–anywhere. Just go out and enjoy the sunshine!

          15. Play ultimate frisbee in the park

            Frisbee is always great fun down the park, but why not turn it into more of a competitive sport by playing ultimate frisbee?

            16. Make your own ice cream

            Ice cream is a very versatile dessert. Make a sandwich, enjoy a cone, or simply just enjoy a bowl full. Better yet, making your own ice cream allows you to create any flavor you want.

            17. Invite your neighbors over for a BBQ

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              When was the last time you invited your neighbors over? Do you even know them? Now’s your chance. Just ask each person to bring a food item so costs don’t mount up for you.

              18. Get a summer job

              For many students, summer is the time for relaxation and fun. But who said earning money and being productive isn’t fun? You only get out what you put into a situation.

              19. Attend a charity event

              Attending a charity event is a great way to raise funds and awareness for a cause, meet new people, and generally have a good time. Search for your local charity event today.

              20. Visit a national park

              National parks are a great way to explore nature and learn something new. You could even volunteer and make a difference in helping restore natural habitats.

              21. Visit your local comedy club

                Local comedy clubs are extremely underrated. They are cheap to attend and no doubt you’ll have a barrel of laughs.

                22. Make your own hammock

                  Hammocks are very relaxing, are perfect for summer afternoons and are surprisingly easy to make.

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                  23. Read in your new hammock

                  Now you have your very own hammock, the only thing left to do is enjoy it. Grab your favorite book and read to your heart’s content.

                  24. Watch a movie outside

                  Movies are great. Relaxing outside in the evening is great. Put them together and you’ve got a perfect combination. In D.C, Maryland and Virginia this summer, for example, you can enjoy a huge number of movies outside.

                  25. Take a hike

                    Hikes are a great way to keep fit and see more of Mother Nature. There are countless trails available for you to explore. Why not try some this summer?

                    26. Learn how to fly a kite

                    As a child, you probably had a kite and haven’t touched it since. Why not dust it off and attempt to fly it? It’s tricky, but well worth the challenge.

                    27. Work out at the park

                    American cities are full of parks with ample space for a work out session. No doubt you’ll be happier to work out in the sun rather than a crowded gym.

                    28. Take your dog to the beach

                      One of the many joys of owning a dog is taking him or her for long walks during the summertime. This joy is enhanced when visiting the beach, for both you and your dog.

                      29. Make a summer smoothie

                      Healthy, delicious and perfect for the summer. Not only that, there are countless recipes ready for you to try.

                      30. Attend a free yoga session at the beach

                      No experience needed and all skill levels are welcome. Take yourself and a buddy down to the beach and try some yoga. You’ve got nothing to lose!

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