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IPFS News Link • Currencies

U.S. officials troubled by fake currency flowing from Peru

• LA Times
Reporting from Washington - A flood of high-quality counterfeit U.S. money from Peru is perplexing federal authorities, who say the shadowy networks that are responsible are also engaging in other criminal activity that poses a threat to national security. Over the last year, authorities and banks have recovered at least $7.8 million in fake notes across the United States that they believe were manufactured in Peru, according to Secret Service statistics. In addition, $446,280 in fake U.S. cash from Peru was seized before it was spent during that same period, and more than $18.2 million more in raids in the South American country, the Secret Service said.