When Albert Talton decided to print some of his own money, he had no experience in counterfeiting, printing, or graphic design. A career criminal with a curious and meticulous nature, at the time Talton didn’t even own a computer.
His first batches of fake bills were created using a standard HP desktop printer. And they weren’t very good. Yet, according to a story by Men.style.com, Talton soon became one of the most accomplished and prolific counterfeiters in the history of the U.S.
Over the course of three years, Talton managed to evade capture and print $7 million worth of $100 bills. His team used garden variety laser printers, computers and imaging software to circumvent sophisticated anti-forgery technologies built into every bill. The case illustrates how technology has made it much easier to commit high crimes with tools available at a typical consumer electronics store. Every week or so, Talton picked up new printer cartridges from his local Staples store, dropped off his empty cartridges at the store’s recycling bin, and even used a rewards card to collect points to use for future purchases. On May 15, he was finally caught with five accomplices, according to Coin News.
How good was Talton? Most counterfeiters do not make more than $10,000 worth of bills before they are caught,according to Men.Style.com. Talton’s illicit talents certainly funded a nifty lifestyle. During his counterfeit spree, Talton spent lavishly on expensive home audio equipment and exotic cars, including a $140,000 Mercedes Benz. He also became one of the most wanted men by the U.S. Secret Service, the government agency that polices counterfeiting, one of only two crimes mentioned in the U.S. Constitution.
Two New Jersey high school students are accused of counterfeiting and selling the fake bills to classmates.
Police said they are still trying to determine how much money the 16-year-old sophomore and 17-year-old junior at Colts Neck High School printed.
Officials said some of the money was used in the school cafeteria. Workers discovered the funny money and alerted school administrators, who called police.
The boys are charged with forgery and were released to their parents.
Their names have not been released because they are juveniles.
You know where I was going to go with this… I’ll let one of the commenters on the article do it for me:
Ben Bernanke and Alan Greenspan aren’t juveniles. This is just another case of the government covering up for the Federal Reserve.
Giving out $10s and $20s in exchange for smaller denominations = giving out hundred of billions of dollars in exchange for worthless mortgage and debt securities of lower denominations.