NY - In efforts to stem the flow of an increasing number of
phony $100 bills being smuggled in and placed into circulation in New York City
and its surrounding metropolitan areas, the feds are stepping up their
efforts including distributing citywide alerts to cash outlets, banks and
businesses on spotting the fake bills.
DNAinfo.com Reports that a spokesman for New York’s Secret
Service office said the most recent blitz is the work of an international
smuggling ring which much like the drug cartels uses mules to sneak the
counterfeits into the city.
Assistant special agent for New York, Michael Seremetis said
the recent run of bills the feds are tracking is a bit different, in that they
appear to be manufactured through an offset printing process as opposed to the
sophisticated copying process which has become popular in recent years.
As a public service, officials are reminding both businesses
and citizens alike, that if you wind up with a phony $100 bill, you willbe out
the cash value, but you can claim it as a tax loss in your annual filing.
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