This story from the Los Angeles Times describes the bust of a counterfeiting operation making high-quality queer. The counterfeiters used hairspray on their bills to fool anti-counterfeiting pens.On Tuesday, federal authorities announced that Stroud and four other men have been arrested and charged in connection with a massive counterfeiting scheme that U.S. Atty. Thomas P. O'Brien called "one of the largest, if not the largest, counterfeit currency rings we have seen in Southern California."
The ring is responsible for printing and distributing nearly $7 million in bogus currency over the last two years, authorities said.
Assistant U.S. Atty. Tracy L. Wilkison, the prosecutor on the case, said it was unusual not just because of the amount of money, but because agents were able to go up the food chain in their investigation.
"Most of the time what we have is a handful of poorly crafted bills in small amounts," she said. "When we're able to trace it all the way back to the source and stop the printing, that's a big coup."
The bills, allegedly produced with computers and ink jet printers, were of particular concern to agents because they had proved difficult to detect and were passed in locations across the United States.
A search of Talton's home turned up "a full-scale counterfeit currency manufacturing plant" and more than $1 million in completed and partially completed fake bills, according to an affidavit filed in U.S. District Court in Los Angeles. Among the evidence found in the baldheaded suspect's trash were 20 bottles of Aqua Net and White Rain hair spray.
Authorities say the hair product is commonly used to coat fake bills to block the counterfeit-detecting pens used by merchants.
As he was being taken into custody, Talton admitted that he had printed between $5 million and $6 million in fake currency, authorities said.
To read the complete article, see: Five arrested after Secret Service probe into Southern California counterfeit ring
Wayne Homren, Editor
The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org.
To submit items for publication in The E-Sylum, write to the Editor at this address: firstname.lastname@example.org
To subscribe go to: https://my.binhost.com/lists/listinfo/esylum
All Rights Reserved.
NBS Home Page
Contact the NBS webmaster