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August 27, 2009

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Fake cash breakthrough

IN a breakthrough case, a Shanghai court yesterday sentenced two men to 14 and 15 years in prison for making counterfeit money with a face value of 230,000 yuan (US$33,667).

It is the first time a city court has handed down a sentence for manufacturing bogus notes instead of simply selling them.

Wang Jian, 37, a migrant worker, was sentenced to 15 years' jail and fined 500,000 yuan and Yang Sen to 14 years with a 400,000-yuan fine by Shanghai No. 1 Intermediate People's Court.

All the fake money, unfinished notes and machines used in making them were confiscated.

Police were tipped off last October by a neighbor of Wang's.

Officers kept watch on Wang, which led them to Yang, the owner of a foot-massage parlor on Hongqiao Road.

Investigators found Wang and Yang had been cooperating since 2008, with Wang making the notes and Yang providing funds and selling the counterfeit money.

Wang bought a printing machine, scanner and papers and began to make notes himself in the apartment on Hongzhong Road, in Minhang District.

However, the notes he first made could not be sold because of poor quality.

Yang helped with suggestions for quality improvement and decided to sell them.

Police seized Yang in his parlor and Wang in his apartment on March 18.

About 90,000 5-yuan, 20-yuan and 100-yuan fake notes and 400,000 unfinished notes were found in the apartment, investigating officers said.




 

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