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January 23, 2015

New York counterfeiters printing on real money

The counterfeiters are stripping ink from $1 bills and printing $100 replacements

Crime Money
Fake Money UNC Greensboro Police Department/AP

AP Photo

Counterfeiters in New York have found a way to produce fake bills that have the exact texture of actual money.

That's because it is real dough.

The counterfeiters have been stripping ink from old $1 bills by chemically treating them, according a report by CBS New York. They then reprint the money so that it looks exactly like a $100 bill. 

The counterfeiting is only $100 bills dated before 1996, when the U.S. Treasury began using security bands and watermarks. The bills, which police believe are being printed in New York City, have turned up at malls in New Jersey and Connecticut. 

The United States Secret Service provides tips for detecting fake money. They include blurred scrollwork around a bill's border and uneven, blunt or broken saw-tooth points on the Federal Reserve and Treasury seals.