A gang of forgers who ran one of Britain's biggest banknote scams from the suburban home of an 83-year-old man is about to be sentenced.
More than £5 million worth of almost faultless fake £20 and 50 euro notes were printed in Dennis Hancox's front room in Chiswick, west London.
They were then sold on to criminal gangs and the forgeries made their way into circulation throughout Europe, at one stage causing a nationwide alert on Bank of England and Bank of Scotland £20 notes.
Detectives from the Serious and Organised Crime Agency said the gang, with an average age of almost 60, ran the counterfeit operation like a professional business, with senior managers and a computer expert running a number of production sites in both London and Glasgow.
The notes were first printed on an industrial lithograph machine, the size of an office, and then cut and sent to Hancox's home to be "foiled" and finished using a £12,500 toner fuser machine.
A Bank of England forgery expert said the only differences between the gangs notes and real ones was the type of ink used and the quality of the watermark.
To read the complete article, see: Forgers face jail for banknote scam (www.itv.com/News/Articles/Forgers-face-jail
Wayne Homren, Editor
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