Business Becomes Victim of Counterfeit Money - KAUZ-TV: Newschannel 6 Now | Wichita Falls, TX

Business Becomes Victim of Counterfeit Money

A local business is out $100 after becoming victims of counterfeit money.  It turns out crooks have found another way to create phony currency, and they're getting away with it.

Monday evening Gold Star Finance and Tax Service accepted the phony money, but didn't find out about the loss until this morning when they got a call from the bank.

Charlotte Beaver was fooled and so were the employees of Gold Star Finance.

"I went to the bank to look at it and it's really a pro job," said Beaver in response to viewing the bill.

The business was a target of counterfeit money.  A $100 bill they accepted on Monday from a customer turned out to be a measly $5 bucks.

"We're out $100 because we don't know who did it," she said.

They even checked the bill with a special marker that most businesses use and like usual it appeared to be real.

"They're washing it, they're using corn starch, that makes the pen when it's rubbed across it show yellow, it shows it's a good bill," said Beaver.

Once the bank got a hold of it they detected the fraudulent money by using an LED light.

"The fake bill we had, there was a black line, the bank knew it was a $5, but we didn't."

Crooks are finding other means of creating deceptive currency, using baking soda and even corn starch to change the appearance and their slipping through the cracks because the popular markers aren't working anymore.  Now officials are saying LED lights are the way to go because the features of the bill will light up.

"Our bill had Abraham Lincoln, this is Benjamin Franklin," she said while demonstrating on a $100 bill.

Hours after founding out the money was fake Beaver and her co-workers went out and bought LED lights, and she's encouraging other businesses to do the same.

"They better get them an LED light because it looks like the money is circulating through town."

Sheriff David Duke with the Wichita County Sheriff's Office did mention that if businesses have any suspicions about a bill just don't accept it.

Officials say it's very difficult to find the person who did this, usually the people get away with it until they are caught red-handed.

 

 

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