Left Holding Fake Money Counterfeit Currency AARP Bulletin
Left Holding Fake Money, Counterfeit Currency - AARP Bulletin Scams & Fraud
A gas station clerk informed Lipin, 43, that his crisp $100 bills were fakes. “I was dumbfounded,” says Lipin, who has since dealt with a maze of law enforcement agencies.
Experts say recourse is unlikely for Lipin, who wound up with eight counterfeit $100 bills. That’s because it’s usually hard to prove exactly where the fake money came from.
“Unfortunately, it’s often the person who’s last holding the money who loses,” says Malcolm Wiley, a spokesman for the Secret Service, which investigates counterfeiting.
Don’t be a victim. Learn about on the Secret Service website. And always inspect bills before walking away from a transaction.
Michelle Diament is a frequent contributor to the AARP Bulletin. Cancel You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits. Your email address is now confirmed. You'll start receiving the latest news, benefits, events, and programs related to AARP's mission to empower people to choose how they live as they age. You can also by updating your account at anytime. You will be asked to register or log in. Cancel Offer Details Disclosures
Left Holding the Fake Money Bag
After David Lipin of Los Angeles cashed a $1,000 Postal Service money order recently, he found himself in a tight spot.A gas station clerk informed Lipin, 43, that his crisp $100 bills were fakes. “I was dumbfounded,” says Lipin, who has since dealt with a maze of law enforcement agencies.
Experts say recourse is unlikely for Lipin, who wound up with eight counterfeit $100 bills. That’s because it’s usually hard to prove exactly where the fake money came from.
“Unfortunately, it’s often the person who’s last holding the money who loses,” says Malcolm Wiley, a spokesman for the Secret Service, which investigates counterfeiting.
Don’t be a victim. Learn about on the Secret Service website. And always inspect bills before walking away from a transaction.
Michelle Diament is a frequent contributor to the AARP Bulletin. Cancel You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits. Your email address is now confirmed. You'll start receiving the latest news, benefits, events, and programs related to AARP's mission to empower people to choose how they live as they age. You can also by updating your account at anytime. You will be asked to register or log in. Cancel Offer Details Disclosures