The U.S. Customs and Border Protection officers seized almost $15 million in counterfeit money during the month of May 2023.
U.S. Customs and Border Protection officers seized nearly $15 million in counterfeit currency in Philadelphia during May 2023. CBP turned all counterfeit currency over to special agents from Homeland Security Investigations and the U.S. Secret Service. Counterfeit currency has been used to fund illicit businesses and hurt victims in financial fraud cases. officers in Philadelphia have seized almost $15 million in four loads of counterfeit money during the month of May 2023.
The agency said it seized a combined $14,368,160 in various denominations of counterfeit U.S. currency. “The currency too closely resembled legal U.S. currency. With the increased use of online marketplaces creating more in-person transactions, unscrupulous people could potentially victimize inexperienced sellers or small businesses by using the counterfeit currency during fraudulent purchases or in other financial fraud crimes,” the agency said.
“Law enforcement knows that counterfeit and fictitious bank notes have been used in financial crimes, especially ones that target our nation’s more vulnerable seniors and small business owners,” said Rene Ortega, CBP’s Acting Area Port Director in Philadelphia.
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