Posted on 06/06/2006 7:01:46 AM PDT by Mike Bates
A Chicago Police officer is charged with passing counterfeit cash at a Northwest Indiana currency exchange after visiting a gambling boat.
Officer Larry Hood was arrested after he allegedly exchanged $500 in fake $100 bills for a money order and a roll of quarters on May 24 in East Chicago.
The bills looked like authentic $100s with a portrait of Benjamin Franklin on the front of each, police said.
But when a cashier held them to the light, they bore the watermark of a $5 bill -- a portrait of Abraham Lincoln. A security strip on each bill read "USA five."
Increasingly, Secret Service agents in Chicago are seeing counterfeit $100s manufactured with bleached $5 bills, the Sun-Times recently reported.
Reassigned to 311 center
Hood is facing felony charges of forgery, counterfeiting and attempted theft in Indiana.
He has been stripped of his police powers with the Chicago Police Department and assigned to the city's 311 call-taking center pending the criminal investigation, department spokeswoman Monique Bond said.
(Excerpt) Read more at suntimes.com ...
Well like my Dad use to say if I can swallow it I can pass it
The stupidest place to pass out fake money is a casino. They not only check and closely track all their money, but they have tons of survellence cameras.
Currency exchanges aren't too good for it either.
So don't try to pass phony-baloney money at casinos, currency exchanges & banks. Got it. Taking notes here for future reference. ;o)
I understand shoe stores work well, Millee. As long as you're taking notes.
Could you ask Mrs. Bates which ones in particular? I need some new summer sandals.
Well said. Casino employees are trained aggressively to look at rogue money.
But when a private citizen tries to stimulate the economy and save us from the ravages of deflation, everybody gets all pissy about it.
I'll ask her. If she ever comes back from the shoe store.
That's true, and the private citizen is increasing the money supply and not adding to the deficit. JFK tried a similar tactic by printing some US Notes instead of Federal Reserve Notes.
There has to be an "Equal Protection of the Laws" affirmative defense in there somewhere.
Considering JFK was killed, I am not sure I would demand that kind of equal protection.
I read that somewhere years ago. Think he did it via an Executive Order, which hasn't been withdrawn.
Once in a while you will run across $5 bills with red ink on them. They are 1963 bills that say United States Note across the top. I have run across two.
As a teen, I had some saved until my brother "liberated" them into the economy. :-(
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