Feds Charge 8 Minnesotans in $100 Bill FraudMINNEAPOLIS (AP) — A federal indictment charges eight southern Minnesota residents with passing phony $100 bills that they created using $5 bills.
By: Associated Press,
MINNEAPOLIS (AP) — A federal indictment charges eight southern Minnesota residents with passing phony $100 bills that they created using $5 bills.
The Star Tribune reports Saturday (http://bit.ly/qGGavZ ) that the fake bills started surfacing earlier this year at businesses along the Interstate 35 corridor between the Twin Cities and Iowa. Several of those facing federal charges were already facing state counterfeiting charges in Freeborn County.
Creating the fake bills involves scrubbing the $5 bills with oven cleaner, then using a color printer to transpose the image of a $100 bill. Court documents say the fakes looked authentic enough to pass a security pen test.
Charges say several of the suspects used the bills primarily in the south Twin Cities area and made small purchases at stores in including Target, Kmart and Victoria's Secret.