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State Police Warn Businesses of Possible Counterfeit Money



posted at 3:11 pm Thu Oct 9th, 2014 by (WherezIt_Staff)

The Vermont State Police began receiving complaints at the beginning of October from businesses that received counterfeit $50 and $100 bills.

Upon investigation, detectives learned that the passing of these counterfeit bills has been on-going for several weeks; and detectives are now actively investigating numerous incidents in Vermont.

Most of the instances have been along the Interstate 91 corridor, however the Vermont State Police are urging all business owners to be vigilant to possible counterfeit money. If you suspect you or your business have encountered a suspicious piece of currency, please contact your local authorities.

The counterfeit bills in these cases are older in appearance; and do not have many of the security feature we are now accustomed to seeing.

While not always foolproof, online sources suggest two preliminary ways to detect counterfeit money is by the starch in the paper and the feel of the paper. Many stores use an iodine-based counterfeiting pen; that reacts to the starch in the paper. If the bill is real, the ink turns yellow; however if the bill is counterfeit, it will turn a dark blue or black. The feel of the paper is another common way that people detect counterfeit; as real currency has a "raised texture" to it because of the type of press used to produce the bills.

For more information about detecting counterfeit money, please visit the US Secret Service website, Know Your Money:
http://www.secretservice.gov/data/KnowYourMoneyApril08.pdf

Additional inquiries can be made to Detective Sergeant David Petersen at the VSP barracks in St. Johnsbury (802) 748-3111 or US Secret Service at (802) 651-4091.

Case: 14B103203, 14B103205, and 14B302102

Relevant Address(es):
St Johnsbury, VT 05819 (Set as Local)
Montpelier, VT 05602 (Set as Local)

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