Wednesday, June 19, 2013

Latest local news, weather and high school sports for Flint and the Tri-cities

Counterfeiting on the rise
Posted: 12.29.2008 at 3:24 PM
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You just might want to watch your Washingtons, Jacksons and Franklins. There's one business that's booming in the middle of this recession, counterfeiting. Federal authorities say arrests for making funny money are at a five year high with a 28-percent jump over 2007. Counterfeiters put $64 million of fake cash into the economy, a 5-percent increase over 2007. And now authorities say regular people have joined the ranks of professional crooks in the counterfeiting business. More people are using their home color scanners and copiers to print their own money.

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