CRIME: Cut Rate Counterjeiters

Cut Rate Counterfeiters

Most U. S. counterfeiters do not pass the money they manufacture. Their profit comes from selling it at bargain prices to "distributors" for an average price of $25 for every $100 of bad bills. The "distributors" sell the counterfeits at varying profit to honest men & women in desperate need of money, and to crooks, to swindlers. Last week in Manhattan secret service agents exposed a ring of counterfeiters who had been selling their bills at a cut rate of $15 per $100. The sleuths crept toward a loft building,...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!