|Other titles||Punishment for counterfeiting foreign coins|
|The Physical Object|
DALLAS, Texas- U. S. Customs and Border Protection officers in Dallas found two separate shipments containing $63, in counterfeit money. Both of the shipments arrived via international shipping. In a detailed breakdown of the counterfeit goods industry, the total loss faced by countries around the world is $ billion, with the United States facing the most economic impact. When calculating counterfeit products, current estimates place the global losses at $ billion. On Novem , the Department of Homeland Security seized and shut down 82 websites as part of a U.S. the United States economy is losing millions of dollars in tax revenue and tens of thousands of jobs because of the manufacture, distribution, and sale of counterfeit goods; “(B) the Bureau of Customs and Border Protection estimates that counterfeiting costs the United States $ billion annually;. The counterfeiting of foreign obligations and securities within the United States carries identical penalties, while possession of plates, stones, and other things used in the production of counterfeit foreign obligations carries a maximum of 25 years in prison and a $, fine.
The amount of counterfeit United States currency is estimated to be less than $3 per $10,, with less than $3 per $, being difficult to detect. There has been a rapid growth in the counterfeiting of euro banknotes and coins since the launch of the currency in In , , fake euro notes bogus euro coins were. Most counterfeit items are seized while entering the United States come from Asia. Some 78% of seized counterfeit items came from China or . 84% of the counterfeit goods that the United States seized in came from China or Hong Kong. Approximately million doses of potentially counterfeit drugs valued at $ million in were seized at US borders. 16% of counterfeit drugs contain wrong ingredients. United States) and using a Guidelines Manual in effect November 1, or later. Counterfeiting Offenses. 1. In fiscal year , there were counterfeiting offenders, who accounted for % of all offenders sentenced under the guidelines. The number of counterfeiting offenders has remained consistent during the last five years.
The book reveals ways to determine whether notes or coins are fake. First published in , Scott's research on early counterfeiting has yet to be superceded. As much a social history of colonial America as it is a richly peopled narrative of one of the world's oldest crimes, Counterfeiting in America is sure to appeal to scholars. If you suspect a counterfeit note or have information about counterfeiting activity, please report it immediately to the U.S. Secret Service, or to your local police. Security Features - visit For your personal safety PLEASE: Do not put yourself in danger. Do not return the bill to the passer. Counterfeiting has been going on for centuries. Every time fake money gets into the market, the currency and the people’s belief in the government becomes devalued. That is why the government has to play a role in protecting the currency’s integrity. The founders of America put a clause in the constitution that stated that any person found counterfeiting money would be punished. This is particularly true in the United States which has one of the largest markets for consumer goods. In , the U.S. Department of Homeland Security reported seizing over $ billion in counterfeit goods, and those were just the goods that were discovered.