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Secret Service tracks mystery of fake fortune - Printed on Iraqi bank notes
Orlando Sentinel ^ | March 1, 2003 | Henry Pierson Curtis

Posted on 03/01/2003 12:58:34 AM PST by Cincinatus' Wife

The money reached Orlando about 2:30 a.m. Jan. 26.

Held in a black duffel bag, the $952,900 weighed just less than 21 pounds.

Armed agents watched as the fortune changed hands outside a 7-Eleven on South Orange Blossom Trail.

Screams of "Policia! Policia! Manos arriba! Ponte en el piso!" ended the transaction.

A startled Colombian national and an accomplice followed the orders in Spanish, raising their hands, then dropping to the ground.

The bogus $100 bills equaled 10 percent of all the counterfeit currency seized last year in the United States. What's more, many were printed on Iraqi bank notes.

Since that night, nearly $20 million of the same counterfeit bills have been seized in Colombia. And the U.S. Secret Service and other intelligence agencies are questioning why a counterfeiting ring protected by Marxist guerrillas had access to bank notes from Iraq.

.......The probe is so secret that the Secret Service routinely declines comment. The agency went as far as persuading the federal Government Accounting Office to delete portions of a 1996 report on counterfeiting that mentioned rumors of a Middle East country printing U.S. dollars to finance terrorism.

Unlike the superdollar case, agents know where the Orlando bills were printed. On Feb. 11, Colombian police raided the printing plant on a farm near Cali.

The $20 million worth of counterfeit bills was the largest seizure in the country's history, according to the Secret Service. Colombia is the world's largest producer of counterfeit U.S. currency, followed by Bulgaria.

The ringleader, Hector Tabarez, told Colombian police that he had regularly paid the Revolutionary Armed Forces of Colombia, Latin America's oldest revolutionary group known by its Spanish acronym as FARC, to protect the printing presses, agents said.

The use of Iraqi bank notes didn't make sense to investigators.

"It seems like an odd place to get their paper when they've got Venezuela right across the border," said Agent Kevin Billings, one of the Orlando supervisors.

Counterfeiters typically use an inexpensive currency and bleach off the old ink before printing the fakes.

Venezuela's currency, the bolivar, is the usual choice of Colombian counterfeiters. It's almost as inexpensive as the Iraqi note -- worth less than a penny each -- and is printed on paper from the same company in Massachusetts that supplies the U.S. Bureau of Engraving and Printing, Billings said.

Currency-grade paper is essential to pass the touch test. Agents say cheap paper makes counterfeit bills feel slick while real ones are rough and durable.

The printing plant in Colombia was discovered as the result of a tip to the U.S. Customs Service that about $1 million was about to be smuggled into Florida.

The tip was passed to the Secret Service office in Bogota, from whichAgent Rafael Barros followed the ring's courier on a Jan. 25 flight to Miami.

(Excerpt) Read more at orlandosentinel.com ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; Foreign Affairs; Front Page News; Government; News/Current Events; War on Terror
KEYWORDS: colombia; counterfeit; counterfeiting; farc; iraq; latinamericalist; orlando; terrorism; venezuela; warlist
Fri Feb 28, 4:52 AM ET Russian security service thwarts criminal attempts to sell osmium-187, counterfeit Iraqi money *** MOSCOW - Russia's Federal Security Service said Friday that it had thwarted a criminal gang's attempts to sell osmium-187, an isotope often portrayed as a valuable potential component in nuclear terrorism, and counterfeit Iraqi money.

Federal Security Service officers in the Siberian city of Omsk, about 2,250 kilometers (1,400 miles) east of Moscow, detained one person with an unspecified amount of osmium-187, said Natalya Grutsina, a spokeswoman for the Omsk branch of the security service, which is known by the Russian acronym FSB. Another person was detained with 158,000 Iraqi dinars (US$53.19) , which a preliminary analysis showed to be fake, she said.

Both people belonged to the same criminal gang, Grutsina said. They have been charged with rare-metals smuggling and counterfeiting.***

1 posted on 03/01/2003 12:58:34 AM PST by Cincinatus' Wife
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To: Cincinatus' Wife
GREAT... NOW WE WORRY EVEN MORE ABOUT OUR SOUTH OF THE BORDER AND CUBAN ILLEGALS BEING DUPED BY IRAQI TERRORISTS...
AND WHY NOT FBI INVOLVEMENT? ISN'T THIS THEIR CUP OF TEA OR DID I MISUNDERSTAND THE ARTICLE...
2 posted on 03/01/2003 1:32:56 AM PST by Terridan
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To: Terridan
I think everyone is interested in Colombian-FARC-terrorist connections.

Colombian Defense Minister Seeks More U.S. Aid***"All the evidence points to the FARC," Ramirez told reporters. "But we can not say it was exclusively them. They possibly received additional assistance from somebody else." Asked which groups were helping the FARC, she mentioned the Irish Republican Army and the Basque separatist group ETA.

It was not the first time Colombia accused the outlawed IRA and ETA of helping the largely peasant FARC to lead more sophisticated urban attacks. Three alleged IRA members are currently standing trial in Bogota on charges of training FARC rebels to build bombs in a former guerrilla stronghold. ***

3 posted on 03/01/2003 1:44:16 AM PST by Cincinatus' Wife
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To: backhoe; hchutch; Tailgunner Joe; All
Bump!
4 posted on 03/01/2003 1:48:32 AM PST by Cincinatus' Wife
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To: Cincinatus' Wife
Hitler had plans to flood the US and Great Britain with counterfeit money to try to destroy their economies. Hussein is apparently taking a page out of Hitler's playbook.
5 posted on 03/01/2003 2:10:26 AM PST by Rocky
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To: Rocky
And he's doing it in our backyard.
6 posted on 03/01/2003 2:18:05 AM PST by Cincinatus' Wife
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To: Terridan
$53.19 US Dollars = 158,000 Iraqi dinars

LOL!! Dang. You gotta take a friggin dufflebag full of loot with you just to have a nice dinner.
7 posted on 03/01/2003 2:32:06 AM PST by VaBthang4 (Could someone show me one [1] Loserdopian elected to the federal government?)
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To: VaBthang4
Before Saddam and the French, three US dollars for one Iraqi dinars. So Saddam and the French have devalued their currency, nearly 500,000 percent. I bet a lot of French and German loans were to be paid back in dinars, that they are kept on the books as worth billions of dollars, but in reality are worthless, well, maybe a sawbuck for everything.
8 posted on 03/01/2003 3:57:21 AM PST by Leisler
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To: Cincinatus' Wife
this may prove to be a significant development
9 posted on 03/01/2003 4:01:29 AM PST by rface (Ashland, Missouri to Wash. D.C. March 1, 2003 "Supporting our Troops")
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To: Terridan
The Secret Service is the investigative arm of the Treasury Department and therefore in charge of counterfeiting investigations.
10 posted on 03/01/2003 4:06:43 AM PST by metesky (My retirement fund is holding steady @ $.05 a can)
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To: rface
Quite a terrorist web. It is significant.
11 posted on 03/01/2003 4:15:05 AM PST by Cincinatus' Wife
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To: Lion's Cub; Cindy
fyi
12 posted on 03/01/2003 4:31:10 AM PST by piasa (Attitude adjustments offered here free of charge.)
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To: Cincinatus' Wife
The ringleader, Hector Tabarez, told Colombian police that he had regularly paid the Revolutionary Armed Forces of Colombia, Latin America's oldest revolutionary group known by its Spanish acronym as FARC, to protect the printing presses, agents said.

FARC is a free-floating Marxist criminal force with its fingers in just about every pie. And all of these groups are developing closer ties with radical Islamics.

The article asks why they didn't get the original banknotes from Venezuela, but the fact is, they probably did. VZ wouldn't have much trouble supplying Iraqi currency, considering how close Chavez' ties with Saddam and radical Islamic countries are getting.

13 posted on 03/01/2003 4:56:39 AM PST by livius
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To: livius
Bump!
14 posted on 03/01/2003 5:09:52 AM PST by Cincinatus' Wife
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To: VaBthang4
$53US = 158000 dinars ---

That explains why a report said that Iraqis are paying $0.12 for a months supply of food, distributed by the Food for Oil program. Just a bit disingenuous of the reporter not to add that the Iraqi mother has to take a handful of bills to reach that 12 cent amount! Another example of our American(?) press corps.
15 posted on 03/01/2003 5:15:17 AM PST by maica (Anti-tyranny Activist)
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To: *Latin_America_List; *war_list; madfly; Ernest_at_the_Beach
http://www.freerepublic.com/perl/bump-list
16 posted on 03/01/2003 7:44:22 AM PST by Free the USA (Stooge for the Rich)
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To: metesky
Thanks, and forgive me... too many movies! ;) Kept remembering all the FBI movies!!!
17 posted on 03/01/2003 9:03:27 AM PST by Terridan
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To: VaBthang4
Incredible!!! Thanks... but still interesting how people fall for these... "windfall monies"! ;)
18 posted on 03/01/2003 9:05:01 AM PST by Terridan
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To: Cincinatus' Wife
Thanks for the info!!!
19 posted on 03/01/2003 9:08:40 AM PST by Terridan
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To: VaBthang4
Naah, they just start printing more and more zeros on the notes. Pretty soon they start attaching stamps to the notes to add an additional zero or three. Take a look at old German bills to see what I mean.
20 posted on 03/01/2003 9:20:37 AM PST by Billy_bob_bob ("He who will not reason is a bigot;He who cannot is a fool;He who dares not is a slave." W. Drummond)
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