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Transcript

  • 1.
    • 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]
  • 2. 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”
  • 3.
    • 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 ]
  • 4. 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
  • 5.
    • 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]
  • 6.
    • 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]
  • 7.
    • 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]
  • 8. What to look for Mt. Hood Community College – [Course Title]
  • 9.
    • 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]
  • 10.
    • 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]
  • 11.
    • Thank you for Listening!
    The end Mt. Hood Community College – [Course Title]