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,...
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