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    Informative speech Informative speech Presentation Transcript

      • Counterfeit { koun-ter-fit]: to imitate or copy, especially with the intent to deceive.
      • By: Lidia Rusnac
      Counterfeit currency Mt. Hood Community College – [Speech 111]
    • History Mt. Hood Community College – [Speech 111 ]
      • No specific date that tells us when counterfeit currency started being produced
      • Traced back all the way to ancient times
      • “ as long as there was currency being produced there were counterfeits”
      • For Coin that was more common in the 1600’s but less common now, they used a technique called “clipping”
      • Clipping: the process of clipping off edges of legitimate coins and melting them together to make counterfeits. Stamping them with the denomination of your choice.
      • Variety of ways paper counterfeits are made
        • Most common is scanning and printing on paper
        • Using pieces of other bills to construct a full bill
      How it’s made Mt. Hood Community College – [Speech 111 ]
    • Current problems Mt. Hood Community College – [Speech 111]
      • In 2010 alone there were 64.4 million dollars worth of counterfeits in circulation.
      • Highest number in 5 years
      • Why? Since the downturn in the economy people have become desperate for money
      • Counterfeiters mind set: “since I don’t have any money, I’ll just make some”
      • Problems likely to persist of get worse until the economy turns around
      • Similar effect as to if there are to many legitimate bills printed
      • The more money being printed and being circulated in the economy the less value it holds
      • The more counterfeits being circulated into our economy the more the value of the dollar dilutes, and our dollar becomes less trusted.
      • The problem also arises when you find yourself a victim. You have just lost the value that was supposed to be that bill. In this time, every penny counts.
      How it affects us Mt. Hood Community College – [Course Title]
      • In the 1600’s the punishment for the production of counterfeits was death.
      • It was considered an act of high treason and was treated as a very large crime.
      • There were warnings printed on the bills themselves that read “to counterfeit is death”
      • Today it is considered a federal felony and if found guilty you could serve up to 15 years in prison
      • On top of prison they seize all materials used in the production of the counterfeits.
      Punishments Mt. Hood Community College – [Course Title]
      • Federal notes are made with characteristics virtually impossible to re create.
      • Things to look for:
        • 1. Ridges on the Jacket
        • 2. Rub against paper. Ink never dries so it will smear green when rubbed
        • 3. Outline of the presidents face on right side when held to light
        • 4. Security strip on left side. Can be seen when held to light
        • 5. Color. Darker/Lighter
        • 6. Texture/Thickness is always skewed.
        • If it looks funny, it’s most likely a counterfeit.
      Detection Mt. Hood Community College – [Course Title]
    • What to look for Mt. Hood Community College – [Course Title]
      • Bring it to a bank
      • Banks send it to Secret Service and has it examined to try and find the source.
      What to do with a counterfeit Mt. Hood Community College – [Course Title]
      • http://wfhummel.cnchost.com/counterfeiting. html
      • http://www.content4reprint.com/culture-and-society/current-affairs/different-legal-punishments-given-for-producing-counterfeit-money-by-different-countries. htm
      • http://www.itestcah.com/history-of-counterfeiting.html
      References Mt. Hood Community College – [Course Title]
      • Thank you for Listening!
      The end Mt. Hood Community College – [Course Title]