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Step 4: Contact your local police department or the United States Secret Service and report what type of counterfeit bills were trying to be passed and by whom. How To Tell if Money Is Counterfeit ...
The Secret Service is tasked with ensuring the safety of the President of the United States, the Vice President of the United States, the President-elect of the United States, the Vice President-elect of the United States, and their immediate families; former presidents, their spouses and their children under the age of 16; those in the presidential line of succession, major presidential and ...
The United States Secret Service was created by Abraham Lincoln during the Civil War in 1865 to combat the high counterfeit rate of currency. At the time, one-third to one-half of all U.S currency in circulation was counterfeit. [ 16 ]
They were arrested in 2002 after an operation that involved the U.S. Secret Service. The counterfeit currency recovered included $3.5 million worth of $100 bills and £2.5 million of £10 notes, which Bank of England experts said were of excellent quality. The police stated that "The potential to undermine the economy of the UK and US was very ...
In 1865, the United States Secret Service was founded as a branch of the U.S. Treasury. Originally, the Secret Service's mission was to combat the counterfeiting of U.S. currency.
The Secret Service and police are continuing their investigations after two Sacramento men and a teenager were accused of using counterfeit bills over the weekend at several businesses in Rocklin ...
Counterfeit money thus posed a major threat to the economy and financial system. When the Secret Service was founded in 1865, its primary task was to minimize counterfeiting. In 2001, the U.S. Treasury estimated the prevalence of counterfeit U.S. currency in circulation at less than 0.01%.
Counterfeit money is currency produced outside of the legal sanction of a state or government, usually in a deliberate attempt to imitate that currency and so as to deceive its recipient. Producing or using counterfeit money is a form of fraud or forgery , and is illegal in all jurisdictions of the world.