Dollar counterfeiting: Having skilled craftsmen counterfeit thousands of impostor dollars this 2013 and in recent years has led Peru to become the biggest compiler of false money here in the U.S. The Monitor reports this Thursday, Sept. 5, that a combination of criminals with careful hands, a bevy of cheap labor, and arguably less functional crime enforcement laws has enabled Peru to become the leader in creating counterfeit forms of the globe’s most widely used form of currency, confirms the U.S. Secret Service office this week.
Although dollar counterfeiting was often accomplished most prominently in Colombia, Peru has recently overtaken Colombia as the biggest counterfeiter in the world, particularly of fake U.S. dollars. The Secret Service has since taken action against this, opening up a new office in this 2013 in Lima to aid Peru police in stopping these criminal craftsmen. So far, over 50 people have been found and accused of counterfeiting money, particularly U.S. hundred dollar bills.
It is estimated that in the past 10 years alone, over $103 million in the dollar counterfeiting trade has been forged in Peru and seized by law officials. While a majority of counterfeiters only use inkjet printers to create the false money, craftsmen from Peru are making their criminal work look even more legitimate by often finishing with handcrafted finishes of the bill.
"It's a very good note," said a Secret Service officer in a statement made to the U.S. Embassy. "They use offset, huge machines that are used for regular printing of newspapers, or flyers … What’s more, once a note is printed they will throw five people [into its production] and do little things, little touches that add to the quality.”
Although the dollar counterfeiting scheme and money itself is often sent to the U.S. for circulation, some of the bills are smuggled into other Latin American countries near Peru, including Venezuela and Argentina.
While drug trafficking in Colombia has been cracked down hard by Colombian police this 2013 in particular, Peruvian counterfeiting has only continued to rise for the potential “money” that can be made, and its lucrative means.
"It's much more profitable than cocaine," concluded a top investigator, indicating that cocaine, too, is another illegal export causing trouble in Peru and beyond.
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