Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Counterfeiting arrests up 28 this year
McLEAN, Va. (12/30/08)--As the economy sours, more consumers are trying to pass counterfeit bills, according to a Sunday USA Today article. The number of arrests for counterfeiting increased 28% this year and is the highest since 2004. Counterfeiters passed a record $64.4 million in fake bills--a 5% increase over last year. The spike in counterfeit bills is due to the struggling economy, Lt. Alfonzo Cook of the Moultrie, Ga., detective division, told USA Today. More technologically advanced printers and scanners make the bills easier to duplicate, the newspaper said. Police say counterfeiters use the fake bills for small purchases--such as $20 for gas and food. Counterfeiters also use the bills to pay for holiday gifts. The holidays are a great time to use counterfeit bills because cashiers are overwhelmed, said John Large, Secret Service special agent. For the full article, use the link.
Other Resources

RSS print
News Now LiveWire
For the last 75 years, even in the most difficult of times, Mill Town #CU has been there for the community it serves. Read #NewsNow Tues.
4 hours ago
The 1st vid shows how consumer can become victim and, advice to those who think they've been targeted. http://t.co/hr9VHpzEze
8 hours ago
.@TheNCUA has released two videos designed to raise awareness of elder financial abuse. http://t.co/iddSxr7H40
8 hours ago
Celebrate #100MM with @MDDCCUA1 at Orioles v Blue Jays tonight at Camden Yards
8 hours ago
The At Home In Lawrence mortgage program from @MetroCU is designed to help revitalize Lawrence, Mass.
9 hours ago