Counterfeit Money: How to Spot Fake Bills
Counterfeit Money: How to Spot Fake Bills When retailers accept fake bills , they bear the entire burden of the loss. And though it's true that counterfeiters' techniques are getting more and more complex, there are numerous things retail employees can do to recognize counterfeit money. Counterfeit money is a problem businesses need to guard against on an ongoing basis. If a business accepts a fake bill in payment for merchandise or services, they lose both the face value of the bill they received, plus any good or services they provided to the customer who paid with the counterfeit bill. Fake bills show up in different states in different denominations at different times. In one case, the Connecticut Better Business Bureau (BBB) was alerted to one of the counterfeit bills that had been passed to an unidentified retailer in Southeastern Connecticut. According to the Connecticut BBB, the phony bill began as a legitimate $5 bank note. “ The counterfeiters appar...
