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Man busted with billion dollar bills
Reuters ^ | March 15, 2006 | Staff

Posted on 03/15/2006 1:37:49 AM PST by MadIvan

LOS ANGELES (Reuters) - The counterfeit money looked good, but there was one flaw. There's no such thing as a one billion dollar bill.

U.S. Customs agents in California said on Tuesday they had found 250 bogus billion dollar bills while investigating a man charged with currency smuggling.

Tekle Zigetta, 45, pleaded guilty to three federal counts of trying to bring cash, phoney bills and a fake $100,000 (57,000 pound) gold certificate into the United States in January.

Further investigation led agents to a West Hollywood apartment where they found the stash of yellowing and wrinkled one billion dollar bills with an issue date of 1934 and bearing a picture of President Grover Cleveland.

"You would think the $1 billion denomination would be a giveaway that these notes are fake, but some people are still taken in," said James Todak, a secret services agent involved in the probe.


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events; US: California
KEYWORDS: billion; california; counterfeit; grovercleveland; teklezigetta
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To: MadIvan

Probably a republican legislator going to a budget meeting on social entitlement and illegal immigrant benefits planning.


21 posted on 03/15/2006 3:55:14 AM PST by IamConservative (Who does not trust a man of principle? A man who has none.)
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To: NZerFromHK

Look up James K Polk, the most underrated ex-President ever.


22 posted on 03/15/2006 3:58:38 AM PST by Sometimes A River (http://www.theonion.com/content/node/46031)
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To: DB

During the early days of the California Gold Rush there was a lot of privately minted coinage. I don't know if this story is true, but I've read that a man successfully defended himself against counterfeit charges when it was discovered that the gold coins he was circulating had a higher gold content than the Federal coins!


23 posted on 03/15/2006 4:19:17 AM PST by GVnana (Former Alias: GVgirl)
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To: Acts 2:38

To be honest, I'm about as familiar with Polk as Andrew Fisher (the 5th Prime Minister of Australia from 1908 to 1915) i.e. "Who?"


24 posted on 03/15/2006 4:20:34 AM PST by NZerFromHK (Leftism is like honey mixed with arsenic: initially it tastes good, but that will end up killing you)
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To: DB
bring them to Georgia and take them to Wal-Mart!
25 posted on 03/15/2006 4:40:58 AM PST by jrd
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To: GVnana
you CAN mint your own coins! you CANNOT claim them as
legal tender- there is a company that produces nice $20.00 dollar Silver coins- if some one wants to exchange it for services/goods it is legal( the coin is worth about $10 in silver)- Just had someone arrested in Wisconsin for buying gas with the coins- he claimed he told the store clerk it was not U.S. mint, the clerk took it - the manager called the police- hope the guy wins in court
26 posted on 03/15/2006 4:55:57 AM PST by mj1234
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To: xp38
Those billion dollar bills are tough to make change for cashiers.

Not really, do you want two $500 million notes, or five $200 million notes? Reminds me of the time I jumped out of the jet in Brazilia and grabbed a cheeseburger, fries and a coke. I handed them a $5 bill and waited while they rummaged through a cigar box and gave me 850,000 of the local back in change. I gave all my family a 100,000 note for Christmas.

27 posted on 03/15/2006 5:04:07 AM PST by SampleMan
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To: NZerFromHK

Just look at a US map the day he took office, and look at one the day he left office...

James Knox Polk (1795-1849)

As the expansionist eleventh President of the United States, James K. Polk was perhaps more responsible than any other single person for setting the boundaries of what came to be the American West.


28 posted on 03/15/2006 5:08:02 AM PST by Sometimes A River (http://www.theonion.com/content/node/46031)
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To: MadIvan
they had found 250 bogus billion dollar bills while investigating a man charged with currency smuggling.

When someone asks me for a nickel, I always say "Sure! Got change for a billion?"
29 posted on 03/15/2006 5:18:21 AM PST by Maurice Tift
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To: Skylab
Is that Wesley Clark on that bill?
30 posted on 03/15/2006 5:24:17 AM PST by wolfcreek
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To: wolfcreek
Is that Wesley Clark on that bill?

LOL. Oh, that's sick!

31 posted on 03/15/2006 6:45:57 AM PST by GVnana (Former Alias: GVgirl)
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To: wolfcreek

Woodrow Wilson.


32 posted on 03/15/2006 6:46:08 AM PST by Skylab
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To: MadIvan

Man, I just got one of those in my change at Wal-Mart. :-D


33 posted on 03/15/2006 6:54:51 AM PST by SoFloFreeper
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To: goldstategop
Few people have seen a $10,000 bill in circulation.

I saw one back in the 1960s.

34 posted on 03/15/2006 12:09:49 PM PST by RadioAstronomer (Senior member of Darwin Central)
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To: Skylab

Tour a mint. They used to pass a sheet of the 100K notes around just so you could say you held more than a million in actual cash in one hand. :-)


35 posted on 03/15/2006 12:11:21 PM PST by RadioAstronomer (Senior member of Darwin Central)
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To: MadIvan

Sorry, I only have change for $500,000,000.


36 posted on 03/15/2006 12:13:22 PM PST by CaptRon (Pedecaris alive or Raisuli dead)
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To: MadIvan

There was a case a while back where some dude printed up a bunch of $3 bills and spent them at the local Burger King or whatever.

They decided they couldn't charge him with couterfeiting because there is no such thing as a REAL $3 bill.


37 posted on 03/15/2006 12:14:18 PM PST by djf (I'm not Islamophobic. But I am bombophobic! If that's the same, freakin deal with it!)
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To: MadIvan

"You would think the $1 billion denomination would be a giveaway that these notes are fake, but some people are still taken in," said James Todak, a secret services agent involved in the probe."


Some people are too dumb to live.

Good to see you, MadIvan! ;o)


38 posted on 03/15/2006 1:14:34 PM PST by dixiechick2000 (There ought to be one day-- just one-- when there is open season on senators. ~~ Will Rogers)
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To: Acts 2:38

He seems significant in US history, but as the 19th century US is about as significant to the world as Australia is today, I doubt many will know or care about Polk.

In British school's history curricula, US history that is taught includes 1776 (under the broad topic of British colonial history and discusses the impact of American War of Independence upon later British colonial policies) and then leaps to FDR and WWII. Some teach Lincoln and the Civil War but that's it.


39 posted on 03/15/2006 4:33:44 PM PST by NZerFromHK (Leftism is like honey mixed with arsenic: initially it tastes good, but that will end up killing you)
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To: NZerFromHK

He's not really taught in US history classes either, but that proves nothing.

In history class today, children are probablu being taught that MLK Jr. was the greatest American ever, that the Founding Fathers were all slaveholding racists, that Western Civ is evil, etc.


40 posted on 03/15/2006 5:10:03 PM PST by Sometimes A River (http://www.theonion.com/content/node/46031)
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