Aug 18

Inkjet Counterfeiting

Computers help tech-savvy counterfeiters cash in: Twenty years in federal prison is but a printer cable away.

Thanks to advances in digital copying technology, desktop computers and color printers now produce about 97% of today’s fake $5, $10 and $20 bills […]

That’s a significant jump since 2003, when 46% of all counterfeit money passed in the USA was made with digital technology, according to the Secret Service.

by Deane   August 18, 2005 1:38 PM   |

Comments

by TomD,   August 18, 2005 2:01 PM  

This reminded of a story I read in one of my favorite magazines Invention and Technology about counterfeiting.

By 1853 a New York City bank teller was ready to declare the “danger that the whole system of bank paper for currency may yet have to be abandoned” because of forgeries. The New York Times raised an alarm in 1862, claiming that 80 percent of banknotes then circulating were fakes. Counterfeiting, the newspaper declared, was “undermining our morality as a nation.” More conservative estimates held that between a third and a half of U.S. currency was bogus.

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