Tuesday, February 2, 2010

Counterfeit US Dollar in a car

Last week, a man who buy and fix cheap car found $200,000 counterfeit US Dollar. Tye Kuykendall from north Georgia got more than he bargained for when he bought a car from a towing company late last year. Officials with the Cherokee County Sheriff's Office said Thursday that Tye Kuykendall found $200,000 in counterfeit money inside a hidden compartment behind the back seat of the car. He was fixing a gas leak when he discovered the secret compartment.
Photo: Some of the counterfeit banknote.

Authorities said Kuykendall bought the car after it sat for more than three years in an impound yard after being towed by Fulton County police in 2006. He pulled out a white sack with blue letters and inside was thousands of $100 bills. Kuykendall purchased the vehicle late last year from a towing company. He buys used cars to fix up and sell for a profit. He paid $400 for the car that was impounded in a drug bust in 2006. Cherokee Sheriff's detectives are working with the U.S. Secret Service in an attempt to find who may have possessed the counterfeit money prior to the vehicle being impounded.

Thats a lots of counterfeit banknote found by one men. It will take some time if you want to check it with money detectors. Some counterfeiters were bleaching the ink off the $5 bill and then printing them as $100 bills. Most of the new US dollar notes for $5 to $50 already using the new design with more colour and it is not known when the $100 bill will be redesigned in this format. The new bills will most likely contain a Crane & Co. security feature called Motion, containing up to 650,000 microlenses embedded in the printing which will allow for the image to shift when the bill is moved. This was used for the first time ever on the Swedish 1,000-kronor note issued on March 15, 2006. The $1 bill and $2 bill are seen by most counterfeiters as having too low of a value to counterfeit, and so they have not been redesigned as frequently as higher denominations.

On 25 March 1996, new security features for $100 bill were announces including a watermark of Franklin to the right side of the bill, optically variable ink (known as O.V.I.) that changed from green to black when viewed at different angles, a higher quality and enlarged portrait of Franklin, and hard-to-reproduce fine line printing around Franklin's portrait and Independence Hall. Older security features such as interwoven red and blue silk fibers, microprinting, and a plastic security thread (which now glows red under a black light) were kept. The individual Federal Reserve Bank Seal was changed to a unified Federal Reserve Seal along with an additional prefix letter being added to the serial number.

Source: The Associated Press, Wikipedia