Counterfeiting Currency & International Crime
Counterfeiting Currency and International Crime – a very great concern of world governments and the law enforcement agencies assigned to combat it.
In the present environment of a sometimes shaky global economy an economic downturn can spell a possible financial crisis for a country. But the influx of counterfeit currency into that nation can spell potential disaster. With globalization, the ripple effect of this can be felt almost everywhere.
Counterfeiting a nation’s currency is a specialized form of forgery. Simply put, it is the deliberate criminal act of making fake currency (phony money) which looks like the real thing. What makes it special?
• Since ancient times counterfeiting a nation’s currency has been held as the most serious non-violent act of aggression against that nation’s security. (In ancient – and not-so-ancient – times it was punishable by death.)
• International counterfeiting is financial sabotage. It not only weakens a country’s financial resources, it may even discredit that country internationally.
• The skill and equipment (engraving and presses), once the field of a few smart criminal professionals, has modernized and expanded. It now includes computers, color copiers and electronic reprographics – still overseen by smart criminal professionals.
• This professional know-how is a complete criminal enterprise. Not only providing expert forgery, it provides expert distribution of that counterfeit currency.
• The ability to skillfully inject counterfeit currency into the global economic blood stream is seen as possibly even more serious than the ability to make phony money.
The U.S., in the late 20th/early 21st Centuries, has been the biggest victim of counterfeiting attempts. International criminal organizations – and possible foreign powers – are the most likely candidates. The primary target was, and is, the $100 bill. It is the U.S. legal tender used and accepted in many international transactions. (North Korea, the suspected epicenter of the most recent worldwide flood of bogus $100 bills, officially denies this – suggesting, instead, it’s the work of “bandits”).
U.S., agencies which aggressively battle the international counterfeiting of U.S.currency include the Secret Service, the Department of the Treasury (through its Advanced ounterfeit Deterrence program) and the FBI. Measures have been taken by the Federal Reserve as well – by devising a new $100 bill which, it hopes, will be “counterfeit proof.”
The primary legislation outlawing counterfeit U.S. currency here and abroad is the
Counterfeit Deterrence Act. The federal penalties, if convicted of counterfeiting and distributing U.S. currency, can be severe: Up to 20 years imprisonment and up to $250,000 in fines. Individual state laws provide equally harsh punishments.
Lost in this “global struggle” of international crime organizations, foreign powers with “agendas” and an aggressive U.S. task force is the community-based defendant who may have been arrested and charged with counterfeiting and fraud. As often as not, he too is a victim, overwhelmed by circumstances and an aggressive barrage of allegations.
The Blanch Law Firm is dedicated to fully investigating and understanding both the circumstances and our client. We believe the government, through its hard-hitting agencies, presents only part of the story. We want to know the whole story.
The Blanch Law Firm litigation team is well-experienced in the field of Counterfeiting and/or Distribution of Currency. We handle cases in the greater New York area, as well as in Los Angeles, Orange County, greater Southern California, and Houston, TX.
If you are the focus of a Counterfeiting and/or Distribution of Currency criminal investigation – or if an investigation is pending – contact The Blanch Law Firm today by calling 212 736 3900. Initial consultations are complimentary and confidential.