A Georgia man just pleaded guilty to committing one of the oldest crimes on the books and that is counterfeiting 100.00 dollar bills. Vincent George of Atlanta will likely spend this holiday making license plates instead of bogus money if the courts have their way.
According to federal authorities, Over an approximately two-year period ending in August 2011, ROME created over $1.2 million in counterfeit $100 bills by removing the original image from genuine $5 bills using bleach or other commercial cleaners and solvents, and printing a new image bearing a $100 denomination on the genuine currency paper. ROME then sold the counterfeit currency to others in the Atlanta metropolitan area, which in turn passed the counterfeit currency in over ten states, primarily in the Southeast. During a search of ROME’s residence in August 2011, law enforcement recovered multiple bleaching trays, one of which contained $5 bills sitting in a commercial degreaser that were in the process of having the $5 images removed, multiple printers, dozens of bank wrappers used to wrap stacks of $5 bills, thousands in counterfeit $100 bills, and three firearms. While the economy is already in dire straits, the last thing America needs is someone putting bogus money in the street that will further devalue the dollar. George is to be sentenced in February and will likely face a stiff penalty for his act.
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