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20 Year Radio Veteran, Sean Anthony is the Host of "Flow of Wisdom Radio." It airs live Sundays 3p-5p EST on the GCN Radio Networks (gcnlive.com.) Call in 877-300-7645. He is also the author of "Conversations With Hip Hop" available on Amazon.com

Government breaks up ring that circulated counterfeit $100s for 15 years

WTVR.com

NEW YORK– For the last 15 years, at least $77 million in sophisticated counterfeit $100 bills have flooded into the country from Israel.

The Secret Service says it has now broken up the ring believed responsible for bringing the bills here, just as the counterfeiters were starting to produce the bills at a new plant in New Jersey.

According to a court affidavit, the bills had many of the security features designed to thwart counterfeiting, including watermarks and a security thread. They were printed on high-quality offset presses.

Criminals would pay about 40% of the face value of the bills for a “10 stack,” or $10,000 worth of the bills, and then pass the notes at everything from local CVS drugstores to car washes to Lowe’s home improvement stores. Most of the bills were circulated along the Interstate-95 corridor in the East.

The Secret Service got on the trail of…

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