Member Article

Big Bill for Fake Bill

Would you pay £1.27 for a pound coin? How about $1.27 million for a 1 million dollar bill? That’s exactly what eight unfortunate Japanese people did – unfortunate not only because they were clearly paying over the odds, but also because the United States Treasury does not make $1 million bills. Yahoo News reports that a conman convinced the hapless victims to part with their cash by telling them they would receive a ten-fold return on their ‘investment’. The fake bills featured a portrait of George Washington at a Tokyo hotel, and were supposedly printed in 1928 by the US government. The largest genuine U.S. denomination ever produced was $100,000, in 1935.

This was posted in Bdaily's Members' News section by Ruth Mitchell .