Fake US $100 bills picked up across Grand Cayman

| 30/01/2014

(CNS): Police officers from the RCIPS Financial Crime Unit are warning members of the public and the business community to be on their guard for fake cash. A number of counterfeit US banknotes have surfaced on Grand Cayman, the finance cops have said and they are urging people to take extra care handling and receiving cash. The banknotes, which have been passed at various locations across the island, are $100 USD notes from the 2003 series. They display the serial numbers DD28078629B, DB28078627B and CC91191334A. “If you receive a forged note, or suspect one to be forged, observe and note the appearance of the person passing the note, as well as that of any companions,” said Detective Inspector Ian Lavine.

“Do not return the note to the passer. Instead, first initial and date the note on the white border then tag the note with a copy of the transaction receipt and call the police,” he warned.  “If you have forged report forms issued by the Financial Crime Unit, obtain as much information as possible from the person passing the note and write it on the form. Also check for the security features of the note, which include the colour shifting ink in the number located on the lower right-hand corner of the note when it is viewed from different angles.”

The RCIPS form for reporting forged currency notes can be found on the CIMA website www.cimoney.com.ky under “Currency.” To speak to an officer from the Financial Crime Unit, or find out more information call 949-8797.

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  1. Anonymous says:

    Are these coming in on the cruise ships or being produced locally?

  2. Anonymous says:

    And remember, any US notes featuring the face of Bart Simpson are fake.

  3. Anonymous says:

    So if the business accepts fake money, who pays for the product or service the "customer" got? Does the RCIPS expect businesses to just absort yet another hit. If I use one of my pen testers and it doesn't pass are they expecting me to just take it? This shows how out of touch RCIPS is with the community at large.

    • Anonymous says:

      Of course not, the store owner has a perfectly acceptable civil claim against the "customer".  More importantly if you are greedy enough to accept $100 bills more fool you.

      • Anonymous says:

        And how much is Civil Action going to cost to get back your US$100???

  4. Anonymous says:

    This has been going on in the USA for years. Many of the smaller businesses over there have adopted a very simple solution to it – they don't accept $100 bills. I've even been in places where they refuse $50s.

    Just remember that this scam really only works with small transactions because the people passing the fake bills don't want the goods, which are traceable so will just be dumped, they want the change, which isn't easily identifiable. The obvious warning sign that you might be about to be scammed is when someone hands over a $100 bill for something costing $5-$10.