US Bank Customers Deposit Fake $100 Bills As Police Issue Warning on Counterfeit Cash: Report

Police in a major US city are looking for suspects as reports of people receiving fake $100 bills spread across the community.

Authorities in Clare, Michigan say at least five phony $100 bills were discovered inside an Isabella Bank branch, reports Newsradio WSGW.

The bills all carry the same phony serial number and were deposited by “area businesses” over the weekend.

Police currently have no suspects and say they’re looking to interview any additional people who encounter fake funds.

Counterfeit cash continues to pop up around the country, and the US Secret Service says it seized $21.8 million in fake currency last year, triggering 197 arrests.

Although the dollar value of its seizures has dropped in recent years, the agency warns counterfeiting techniques are evolving along with advances in technology.

“The threat of counterfeit U.S. currency to the financial system of the United States continues to evolve.

Advances in technology, the availability of scanning and printing devices and the adoption of the U.S. dollar by nations as their legal tender have exacerbated the global threat.”

 

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