Advertisement

GIPD cautions businesses of counterfeit money

Published: Jan. 22, 2021 at 9:19 PM CST
Email This Link
Share on Pinterest
Share on LinkedIn

GRAND ISLAND, Neb. (KSNB) -The Grand Island Police Department has received several reports of counterfeit money fraud.

Local businesses in the area have been finding prop, motion picture and printer copy money in their deposits.

GIPD warned against purposefully using counterfeit money.

“You’re subject to imprisonment for trying to use it, even if it’s just buying a soda pop at the local stop and shop,” said Capt. Jim Duering.

The department urges people to check for security features to verify bills are real before keeping it. The easiest one to look for is the vertical security strip on the bills. Some of them also have watermarks and color changing ink that are also easy to spot.

“Normally if you take three to five seconds to examine the bill, you will see something that will catch your attention if it’s a counterfeit money, especially, if it’s the motion picture money because it has wording on it that says it’s not for tender or lawful use,” Duering said.

Duering said once something like this happens in the community, it creates a ripple effect.

“Counterfeit money really affects the cost of everything for everyone,” Duering said. “It also affects people because once it hits the cash register it may be change for the next customer, and so then we have people who receive the counterfeit money and unknowingly use it. That comes up every once and awhile, so it really has an effect on the entire city.”

Copyright 2021 KSNB. All rights reserved.