Related News
Police crack fake notes scam
By Li Xinran |
May 21, 2009, Thursday
|
Online Edition
Online Edition
POLICE in a southern China city have cracked down on a fake banknote scam and seized more than 3,000 yuan (US$440) of counterfeit banknotes that used real watermarks.
Forgers in Foshan City, Guangdong Province, reportedly cut the watermarks from real 100-yuan banknotes and pasted them onto fake ones distributing them among migrant workers who usually assessed banknotes by the watermarks.
Then fake watermarks would be replaced on the original banknotes which would be laundered through ATMs. ATMs read banknotes from the metal strip lines buried in 100 yuan notes.
Foshan police received reports of fake banknotes being received from ATMs in early April and later seized two people and 3,000 yuan in fake banknotes.
Police said the forgers mainly used 100 yuan banknotes printed in 2005.
Ling Guoyao, the deputy chief of Foshan police's business crime department, said they were discussing fake banknotes with banks. Banks would not confiscate fake banknotes but listed fakes with a face value of less than 500 yuan or called the police if more than 500 yuan was involved.
Banks will only compensate innocent citizens who find they have fake banknotes if they can tell the bank the source of the fakes. Any information leading to the arrest of people involved in fake banknotes can lead to a reward of 200,000 yuan, Ling said.
Forgers in Foshan City, Guangdong Province, reportedly cut the watermarks from real 100-yuan banknotes and pasted them onto fake ones distributing them among migrant workers who usually assessed banknotes by the watermarks.
Then fake watermarks would be replaced on the original banknotes which would be laundered through ATMs. ATMs read banknotes from the metal strip lines buried in 100 yuan notes.
Foshan police received reports of fake banknotes being received from ATMs in early April and later seized two people and 3,000 yuan in fake banknotes.
Police said the forgers mainly used 100 yuan banknotes printed in 2005.
Ling Guoyao, the deputy chief of Foshan police's business crime department, said they were discussing fake banknotes with banks. Banks would not confiscate fake banknotes but listed fakes with a face value of less than 500 yuan or called the police if more than 500 yuan was involved.
Banks will only compensate innocent citizens who find they have fake banknotes if they can tell the bank the source of the fakes. Any information leading to the arrest of people involved in fake banknotes can lead to a reward of 200,000 yuan, Ling said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
