Skip to comments.U.S. accuses North Korea of $100 bill counterfeiting
Posted on 10/11/2005 10:19:36 PM PDT by Hadean
The Bush administration formally has accused North Korea of manufacturing high-quality counterfeit $100 "supernotes" for the first time, according to an indictment made public yesterday as part of a 16-year probe.
"Quantities of the supernote were manufactured in, and under auspices of the government of, the Democratic People's Republic of Korea (North Korea)," said the indictment of Irish national Sean Garland and six others. "Individuals, including North Korean nationals acting as ostensible government officials, engaged in the worldwide transportation, delivery, and sale of quantities of supernotes."
It was the first time the federal government provided details of North Korea's suspected counterfeiting of U.S. currency. The May 19 indictment was unsealed Saturday after Mr. Garland was arrested in Belfast.
A Justice Department spokesman said the State Department will file a formal extradition request for Mr. Garland in the next several days.
Mr. Garland, leader of the Marxist-Leninist Worker's Party, an arm of the Official Irish Republican Army, used his party contacts in North Korea and other nations to coordinate the purchase of fake $100 bills forged in North Korean, the indictment stated.
"This arrest is one of the most significant related to the 16-year-long investigation into the distribution of this family of highly deceptive counterfeit U.S. currency notes," said U.S. Secret Service Special Agent James B. Burch, head of the Washington field office. The indictment accuses Mr. Garland of meeting with North Korean government officials in Warsaw in 1997 to buy a quantity of supernotes.
The indictment is the second major U.S. case involving North Korean supernotes. In September, authorities in California arrested several Chinese nationals in connection with suspected North Korean supernote trafficking. That indictment, however, only identified North Korea as "country 2."
(Excerpt) Read more at washtimes.com ...
An act of economic warfare if there ever was one.
But But But N.Korea is doing something illegal? I am SHOCKED...
I am also RONERY
Why can't we just blow Kim Jong-Il's little ronery head off?
I somehow either forgot or never knew that the IRA was an arm of the Communist Party. I remember the Democrats treating him like royalty, a revolutionary Irishman, and allowed him to raise money for his cause here in the US.
I feel certain that NK is not the only counterfeiter of our currency. I often wondered what that did to our determination of money supply a issued by the feds.
That's what the Redcoats did during the Revolutionary war. They had printing presses on the ships. We had our only bout with hyperinflation, and the phrase "not worth a Continental" was coined.
Let the bombing begin in 5 minutes.
I wonder who's printing more money. The feds or the N. Koreans?
Yes, I know about the controls we try to put on the paper and ink and that the presses are of a particular type. I sold to the printing industry for about 20 years. However, that works only here at home. Foreign paper and ink manufacturers can escape such scrutinity if they care to. Some counterfeiting countries could even, and may, have their own paper and ink manufacturers. The same kind of presses (intaglio) that print money are used in other high quality, long run (high quantity) jobs so the purchase of one does not necessarily mean it is used to print money.
Well this has been a problem for years starting with that a hole carter who sold the exact same printing press we use for the us mint to the shah.... guess what happened next?
Surely you jest. We could have done that 50 years ago. We did not have the will. Nor did we have the will in the '70s. We like to be sucker-punched.
If I were POTUS, I'd stamp on these bastards like ants.
Someone has to come along who has the GUTS to exwcute a pre-emptive strike. Something that I'm certain that I, nor my children will ever see...
I'm borrowing the line Reagan used concerning the Soviet Union when he was goofing around before his radio address.
Just give the money to New Orleans!
I'd think a $100 bill would be a tough target because few people use those in shopping, and banks are going to scrutinize them very carefully. A $20 would be much easier to disseminate.
I think we will be needing to use more $100 bills -- and maybe put the $500 back into circulation (a great place for President Reagan's portrait, by the by.)
I was just looking at the receipt from a short trip to the grocery store. The total was for $60; only two items listed were under $1.00, and one of those two was an advertised special price according to the receipt. ;-(
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