Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Counterfeiting arrests up 28 this year
McLEAN, Va. (12/30/08)--As the economy sours, more consumers are trying to pass counterfeit bills, according to a Sunday USA Today article. The number of arrests for counterfeiting increased 28% this year and is the highest since 2004. Counterfeiters passed a record $64.4 million in fake bills--a 5% increase over last year. The spike in counterfeit bills is due to the struggling economy, Lt. Alfonzo Cook of the Moultrie, Ga., detective division, told USA Today. More technologically advanced printers and scanners make the bills easier to duplicate, the newspaper said. Police say counterfeiters use the fake bills for small purchases--such as $20 for gas and food. Counterfeiters also use the bills to pay for holiday gifts. The holidays are a great time to use counterfeit bills because cashiers are overwhelmed, said John Large, Secret Service special agent. For the full article, use the link.
Other Resources

RSS print
News Now LiveWire
Falling #gas prices: Pros, cons for U.S. economy #NewsNow #Market http://t.co/XWwwERwe7e
10 hours ago
Members of Interstate FCU have voted to merge with Credit Union of Southern California https://t.co/yYeSWEG4GH
13 hours ago
.@InfinityFCU has named Liz Hayes as president/CEO. Hayes was formerly EVP and chief administrative offficer at @Affinity_Plus
13 hours ago
.@wpcu battles Speedway in round 3 of Dayton Brand Madness via @DBJnews http://t.co/EbQL5f9be8
14 hours ago
New at #NewsNow: Fed regulators approve new #QRM rule. http://t.co/Bdz5q43xjZ
15 hours ago