Counterfeiters turning $5's into $100s

Tools

By WSBT News1

Story Created: Dec 8, 2008 at 10:45 AM EST

Story Updated: Dec 8, 2008 at 10:45 AM EST

ALTON, Ill. (AP) — Bank officials in the Alton area say Abraham Lincoln has once again been turning into Benjamin Franklin this fall.

Just as they did last year, counterfeiters are getting out the bleach, fading "fives" and reprinting them into phony $100 bills.

The latest round of bogus bills so far only has shown up in businesses' bank deposits in Jerseyville and Carrollton, but a bank fraud investigator says they are probably being passed in other communities.

Robert Doyle, the fraud prevention coordinator for four Liberty Bank locations says most of the counterfeit bills are showing up in business deposits. Doyle says there are more counterfeit bills passed at Christmas, not only to buy gifts, but because there are so many cash transactions, and it's easier for fake bills to go undetected.

More Good Stuff

WSBT Weather

Current Temp 38.5

More Weather

WSBT Weather

More Weather

On Demand

iPhone
Get the WSBT News and Irish Sports Report apps for your iPhone! Read more »
On DVD
Order a DVD of a WSBT news story! Read more »
Twitter
Follow us on Twitter! Read more »
Facebook
Connect with us on Facebook! Read more »
WSBT E-News
Daily StormTracker e-mails right to your Inbox! Read more »
Video On Demand
Miss a story on WSBT News? Watch it here! Read more »
CBS Shows
Watch CBS shows and news online, free! Read more »
WSBT Alert
Breaking News & Weather right to your cell phone! Read more »
Mobile
WSBT News on the go for your cell phone or PDA. Read more »
RSS Feeds
Get news and updates as soon as they're published. Read more »

Stock Quotes

YouNews

This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.