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Secret Service Breaks Up Israeli Counterfeit Ring

CNN Money

By Chris Isidore

August 12, 2014

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.

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