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FAIRFIELD-SUISUN, CALIFORNIA
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Be aware of phony money

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From page A8 | June 22, 2014 |

I am a local business owner and recently had an incident that was very upsetting. I want to warn others about this issue of counterfeit money.

I purchased equipment from a seller that I had not worked with before. I pulled money from a local Vacaville bank and paid for my purchase. About eight days later I received a call from the seller telling me that one of the $100 bills was counterfeit.

My wife and I went to the Vacaville Police Department to report this incident, and ask for advice on dealing with this issue. We were advised to contact the Secret Service for additional help.

We then asked for proof of this counterfeit bill, which the seller was able to provide us. At this point the Secret Service told us that it was on us to reimburse the seller, since the bank was not responsible for the money once we left the building. We were advised not to pay the seller because to the Secret Service it sounded like a scam.

After contacting the seller and offering to reimburse the bank the money, we were told to just send him the check to his home address. We did and he was pleased.

However, the larger issue is preventing this from happening in the future. As a business owner, it is important that we educate ourselves on being able to distinguish real money from fake. The websites www.secretservice.gov and www.newmoney.gov are two places to find information on determining if money is real or counterfeit.

Sheldon Cortez

Vacaville

Letter to the Editor

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Discussion | 2 comments

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  • MikeJune 22, 2014 - 9:21 am

    One lesson I would take away from this is to conduct transactions with either a cashiers check or a check drawn against my business account. Most reputable sellers have no problem with cashiers checks. It's unfortunate that this happened to you.

    Reply | Report abusive comment
  • Ben's BuddyJune 22, 2014 - 7:41 pm

    North Korea for years has counterfeited $100 bills the Feds call "super notes" because only the Feds can detect the forgery. Supposedly the newly redesigned $100's can't be counterfeited - yet. The amount of phony bills put out by the North Koreans is tens of millions of dollars.

    Reply | Report abusive comment
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