Film backdrop image for Arrested Ringleader Nets Police $32 Million of Fake Bills (2016)

20163 minPGnews

Drug Trafficking Corruption Organized Crime

Arrested Ringleader Nets Police $32 Million of Fake Bills

20163 minPGnews

Peru leads in counterfeit US dollars, with just over 16 million forged bills seized in 2015.

Drug Trafficking Corruption Organized Crime

Genres

Channel: VICE News

Arrested Ringleader Nets Police $32 Million of Fake Bills

2016• 3 minPG

Synopsis

Peru leads in counterfeit US dollars, with just over 16 million forged bills seized in 2015.

Synopsis

Peru stands as the leading producer of counterfeit US dollars globally. In 2015, the US Secret Service reports that just over 16 million forged bills seized in the United States originated from Peru. Additionally, police in Peru have confiscated millions of counterfeit euros and Peruvian soles. The exceptional quality of these forged dollars, which are finished by hand, contributes to Peru's dominance in this illicit trade. Criminal gangs find that producing counterfeit money is a cheaper alternative, fueling the ongoing issue of forgery in the region.

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