Man's $1 Billion Federal Reserve Notes Raise Red Flags

The Albuquerque Journal ^ | July 06, 2009 | Hailey Heinz

[MARTIAL MONK]

If they were real, billion-dollar Federal Reserve notes would be a nice thing to have. But there is no such thing.

Several local banks discovered this fact in the course of an investigation that has involved the Secret Service and the U.S. Marshals, after a 72-year-old man allegedly tried to use five forged reserve notes as collateral to start a mortgage business.

According to a search warrant affidavit, Juan H. Romero first took the notes to an Albuquerque Wells Fargo in February, accompanied by his attorney, who asked a bank employee to write a letter verifying the value of the notes. Romero also deposited the notes in a safety deposit box.

The bank employee then wrote a letter on Wells Fargo letterhead stating that he had inspected the notes and confirmed that their face value was $1 billion each. That employee, according to the affidavit, was "never given any reason to doubt the authenticity of the FRNs or (his) story."

[MARTIAL MONK]

I tried this and they wouldn't write me no letter. Maybe I used the wrong color of Crayon?

[trumandogz]

The bank employee then wrote a letter on Wells Fargo letterhead stating that he had inspected the notes and confirmed that their face value was $1 billion each. That employee, according to the affidavit, was "never given any reason to doubt the authenticity of the FRNs or (his) story."

What an idiot.

[MARTIAL MONK]

They keep the Nigerians in business.

[gr8eman]

It’s getting dumber by the day!

[politicalmerc]

What an idiot.>>>>>>>>>>>>>>>>>

There is just no other way to say it....

[Ronin]

If they were real, billion-dollar Federal Reserve notes would be a nice thing to have. But there is no such thing.

Yet!

Give Obama another couple years and everyone will have wallets filled with them. Two or three of them might even buy a loaf of bread.

[Colonel Kangaroo]

Whose portrait would be on a $1 billion note? Robert Mugabe? Jimmy Carter?

[MARTIAL MONK]

Whose portrait would be on a $1 billion note?

THAT one.

[shibumi]

I guess this guy got his money from the same guy who issued The Usurper’s COLB.

[Kozak]

Billion? Piker.....

[Viet Vet in Augusta GA]

Bank employee had to write letter after being unable to give sufficient change to customer...

[trumandogz]

The economy in the USA must not be all that bad if people that stupid can be employed in out banks.

Or more likely, our economy is in the toilet because people that stupid are employed by our banks.

[Mister Muggles]

Uhhhhh...looks real to me....

[ninonitti]

Wells Fargo would have been happy to have a $5 Billion deposit. Under fractial reserve procedures they could have expanded that to what? $50 Billion in green paper.

Pretty good business if you're a bankster....not so much if you've got FRN's in your pocket.

[jiggyboy]

Or more likely, our economy is in the toilet because people that stupid are employed by our banks.

That's it. Recall that Marcie Kaptur, one of the members of the House Banking Committee, started braying (from a prepared script no less) at Ben Bernanke for Goldman Sachs misdeeds. It was "the other one" [sic], Henry Paulson, who had run GS.