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View Full Version : Counterfit cash on a sale



j0ker
Wed Jul 31st, 2013, 10:20 AM
One of my students in Denver just sold his bike to a guy for $2900. Turns out only $800 of it was real, the rest (when he went to deposit it) was counterfeit. Feds are involved but it still sucks!

Watch out with cash. Make sure you check the bills or go to the bank with the guy to have them deposit it.

JKOL
Wed Jul 31st, 2013, 10:28 AM
That really sucks. FEDs don't take this lightly, not to mention you are looking at FEDERAL prison for the crime. I have seen Leavenworth Federal Penitentiary, I wouldn't want to spend a minute there let alone a couple years.

FYI - anyone trying to avoid this kind of thing, counterfeit bill markers can be found at most office supply stores.

TFOGGuys
Wed Jul 31st, 2013, 10:40 AM
REALLY stupid on the part of the buyer. Does he think that somehow the state won't be able to track the VIN if he goes to register it? If your friend can identify him as the buyer, the Secret Service will make his life hell. Counterfeiting carries a mandatory minimum of 5 years, federal time (no early release!).

Jmetz
Wed Jul 31st, 2013, 10:50 AM
I'm a professional money counter and can offer my services for 3% of the transaction.

Grim2.0
Wed Jul 31st, 2013, 10:57 AM
Holy crap that sucks man!! I honestly did not even think to worry too much about that.

bulldog
Wed Jul 31st, 2013, 11:02 AM
REALLY stupid on the part of the buyer. Does he think that somehow the state won't be able to track the VIN if he goes to register it? If your friend can identify him as the buyer, the Secret Service will make his life hell. Counterfeiting carries a mandatory minimum of 5 years, federal time (no early release!). Exactly! What a idiot and now he will get a Federal offense...although you know he will claim he did not know it was counterfeit and probably get away with it...hopefully not.

Joker I assume your student said it looked pretty real? I've always heard the paper is the hardest to mimic and easiest to feel if it is fake.

tecknojoe
Wed Jul 31st, 2013, 11:07 AM
I tell people that when they pay with cash, we will go to a teller window and have them hand the money to my bank directly for a deposit

bulldog
Wed Jul 31st, 2013, 11:09 AM
Tell your student we need a trip to the Strip Club...those girls are usually high or drunk and it is dark so they won't know. :lol: Just kidding, I understand it is illegal :D

Kim-n-Dean
Wed Jul 31st, 2013, 11:29 AM
Joker I assume your student said it looked pretty real? I've always heard the paper is the hardest to mimic and easiest to feel if it is fake.To get around the "feel", they bleach one dollar bills and re-print with one-hundred. Feels real, because it is, and even has the strip. You need to look closely, though. That strip on your one-hundred dollar bill may say one-dollar...

j0ker
Wed Jul 31st, 2013, 11:33 AM
He works with money all day and didn't see anything wrong with it. He might not have examined them each thoroughly but still.

I have only had one counterfeit $20 in my life and it looked pretty damn real too.

bulldog
Wed Jul 31st, 2013, 11:37 AM
To get around the "feel", they bleach one dollar bills and re-print with one-hundred. Feels real, because it is, and even has the strip. You need to look closely, though. That strip on your one-hundred dollar bill may say one-dollar... Wow, that is a good idea..never thought of using real money to reprint on

3point5
Wed Jul 31st, 2013, 11:42 AM
To get around the "feel", they bleach one dollar bills and re-print with one-hundred. Feels real, because it is, and even has the strip. You need to look closely, though. That strip on your one-hundred dollar bill may say one-dollar...

$1 bills have the security strip? regardless, bleach a $5, turn it into $100 and you're on your way...

Ezzzzy1
Wed Jul 31st, 2013, 12:11 PM
To get around the "feel", they bleach one dollar bills and re-print with one-hundred. Feels real, because it is, and even has the strip. You need to look closely, though. That strip on your one-hundred dollar bill may say one-dollar...

And you can look at the water marks...

http://i125.photobucket.com/albums/p55/Ezzzzy1/fake100_zpsd3ca86d0.jpg (http://s125.photobucket.com/user/Ezzzzy1/media/fake100_zpsd3ca86d0.jpg.html)

And the ink they use on the front $100s are color changing. Thats pretty hard to duplicate.

Jmetz
Wed Jul 31st, 2013, 12:12 PM
$1 bills have the security strip?

Negative.

TFOGGuys
Wed Jul 31st, 2013, 12:12 PM
$1 bills have the security strip? regardless, bleach a $5, turn it into $100 and you're on your way...

...to being someone's girlfriend. :jawdrop::spit:

Rabbie303
Wed Jul 31st, 2013, 12:15 PM
To get around the "feel", they bleach one dollar bills and re-print with one-hundred. Feels real, because it is, and even has the strip. You need to look closely, though. That strip on your one-hundred dollar bill may say one-dollar...

WHOA!!! I never knew that. I always just checked that the strip was there, not what it said.

Kim-n-Dean
Wed Jul 31st, 2013, 12:27 PM
$1 bills have the security strip? regardless, bleach a $5, turn it into $100 and you're on your way...I assumed it was 1's because they are the lowest. Looks like it's 5's that get bleached if they're worried about the strip...

rforsythe
Wed Jul 31st, 2013, 12:45 PM
How recently were the dollars used here made? Just curious. Current bills have an unreal amount of tricks to prevent successful forgery, most of which aren't well known - though in this case, they only had to get it past an inexperienced seller and not to the bank itself, where it was obviously caught.

Rabbie303
Wed Jul 31st, 2013, 01:05 PM
Wait until the new $100 bills get here. Those things are going to be almost impossible to duplicate.

http://www.newmoney.gov/

JKOL
Wed Jul 31st, 2013, 01:10 PM
To get around the "feel", they bleach one dollar bills and re-print with one-hundred. Feels real, because it is, and even has the strip. You need to look closely, though. That strip on your one-hundred dollar bill may say one-dollar...

I hadn't heard of that. I wonder if after they have been bleached the counterfeit markers still show it as real.

Grim2.0
Wed Jul 31st, 2013, 01:16 PM
I honestly thought counterfeit was almost completely solved with all the different things they have done to them. Guess where there is a will there is a way for some scum out there.

Jmetz
Wed Jul 31st, 2013, 01:43 PM
Wait until the new $100 bills get here. Those things are going to be almost impossible to duplicate.

http://www.newmoney.gov/

They said that when they put the current bills into play. Just like with everything else, they'll figure a way around.

DeeStylez
Wed Jul 31st, 2013, 04:33 PM
I tell people that when they pay with cash, we will go to a teller window and have them hand the money to my bank directly for a deposit

This sounds like the best option. Fill out the deposit slip and let the other party hand over the cash to the teller.

AOK303
Wed Jul 31st, 2013, 04:47 PM
And you can look at the water marks...

http://i125.photobucket.com/albums/p55/Ezzzzy1/fake100_zpsd3ca86d0.jpg (http://s125.photobucket.com/user/Ezzzzy1/media/fake100_zpsd3ca86d0.jpg.html)

And the ink they use on the front $100s are color changing. Thats pretty hard to duplicate.

not as hard as you think every college in Colorado has a printer that could mimic it pretty well
its why the schools have to monitor that printer, alot of bust were made 3 or 4 years ago cause they found out it could
CU boulder was one school that caught someone doing it, and Denver has an issue with fake 20's when i worked kinda in a cash cage i would catch 10 to 20 a day
a new way around the pen is if you mark it with a matched colored pen which you can buy its a novelty most if they see the mark dont remark it

Ezzzzy1
Wed Jul 31st, 2013, 05:27 PM
not as hard as you think every college in Colorado has a printer that could mimic it pretty well
its why the schools have to monitor that printer, alot of bust were made 3 or 4 years ago cause they found out it could
CU boulder was one school that caught someone doing it, and Denver has an issue with fake 20's when i worked kinda in a cash cage i would catch 10 to 20 a day
a new way around the pen is if you mark it with a matched colored pen which you can buy its a novelty most if they see the mark dont remark it

Sure but there is no way to get rid of the water mark. So if you are using bleached $5 bills, which a lot of people do because thats one of the only ways to get the real feel, then a lot of times you will see Abraham on the Benjamins.

If you are straight up printing everything on paper then yes its not hard to print the correct water marks

#1Townie
Wed Jul 31st, 2013, 06:09 PM
That's one way to jack a bike. Lol

3point5
Wed Jul 31st, 2013, 11:03 PM
paper money is the next payphone…

AOK303
Thu Aug 1st, 2013, 01:48 AM
Sure but there is no way to get rid of the water mark. So if you are using bleached $5 bills, which a lot of people do because thats one of the only ways to get the real feel, then a lot of times you will see Abraham on the Benjamins.

If you are straight up printing everything on paper then yes its not hard to print the correct water marks

so true but most see the water mark and do no look to see what the water mark means. so it one way some still get hosed
i thought in vending machines when it takes 20's 10's 5's and 1's it reads the printed number on the corners and paper density test (how it grabs the paper, ever tired to put a regular piece in it slips and the machine can tell) so bad enough you could cash a changed 5 that printed to a 20 and take the quarters and then rechange it for real paper

CHRISTIAN COWBOY
Thu Aug 1st, 2013, 08:01 AM
When I just sold my CBR 1000 ( thank god) for cash, to some guy late at night, when the bank wasnt open, I took a picture of him signing the title, a picture of his truck and licence plate and his drivers license. AND counted the money twice!

madvlad
Thu Aug 1st, 2013, 08:03 AM
Hope that douche gets his, what an asshole.

j0ker
Thu Aug 1st, 2013, 10:19 AM
Hope that douche gets his, what an asshole.

THIS!!! This same guy just got this bike back after it being stolen in Denver last year. He was at work, and the fucking asshole who stole it rode up to my students job while he was working, on his stolen bike. They called the cops and kept the guy busy in the store until the police arrived. He dropped around $900 in repairs to get her running again a few months ago. Then this happens. I completely feel bad for the guy. He has some terrible luck.

moep
Wed Aug 14th, 2013, 08:02 PM
That really sucks. It not who we went riding with? Hopefully there is a way to tag the VIN so when he try to register it, he get caught.

j0ker
Wed Aug 14th, 2013, 08:38 PM
That really sucks. It not who we went riding with? Hopefully there is a way to tag the VIN so when he try to register it, he get caught.
Moe, this isn't Jason's bike. Luckily.

Chris
Wed Aug 14th, 2013, 08:48 PM
To get around the "feel", they bleach one dollar bills and re-print with one-hundred. Feels real, because it is, and even has the strip. You need to look closely, though. That strip on your one-hundred dollar bill may say one-dollar...

Take a look at your 1's, do they have a strip? No they don't. Only higher $ bills do. The strips are placed at different placed in different bill denominations as well because of this.

I handle tons of cash payments at work from clients and only have got one fake 20. But I have seen a ton of fake 20 bills and even fake 5 bills from clients lol.

Cars-R-Coffins
Thu Aug 15th, 2013, 04:28 PM
I tell people that when they pay with cash, we will go to a teller window and have them hand the money to my bank directly for a deposit

As a side note, a Wells Fargo Bank manager confiscated over $500 in bills from me to send off to the Secret Service only to find out 3 weeks later that all the money was genuine. Needless to say I don't trust their "expert opinion" anymore. My appointment with the branch manager is upcoming tomorrow afternoon.