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Topic: Stolen US $100 notes  (Read 6121 times)
Bernard_Schaaf
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« on: September 09, 2006, 03:08:41 am »

Associated Press 08 September 2006:
           "WASHINGTON-----A former treasury Department employer admitted yesterday that he stole more then $67,000 in uncut sheets of $100 bills and tried to launder the money through casino slot machines.
           "David C. Faison was caught after casinos in Atlantic City, West Virginia, and Delaware noticed $100 bills that did not contain government seals or serial numbers.  Surveillance video showed him feeding bills into slot machines, playing for a awhile, then cashing out for new bills.
           "Faison, who distributed currency paper within the Bureau of Printing and Engraving, admitted stealing 21 sheets of 32 bills each and hiding them in a roll of Christmas wrapping paper at his house.
            "Faison, of Largo, Maryland, pleaded guilty Wednesday to stealing counterfeiting materials.  He faces up to a year in prison when he is sentenced January 12.  He must also pay $37,000 restitution, including $1,200 to a Delaware coin collector who purchased three of the stolen bills after Faison put them into circulation."  
            Anything like this ever hapen in Canada???
Bob
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« Reply #1 on: September 09, 2006, 10:16:09 am »

Indeed it did.  Approximately six or eight years ago, I think, a bank note company employee smuggled out some $10s (1989 series) that were supposedly faulty and to be sent for destruction.  They lacked only serial numbers.  The employee printed on serial numbers with his printer but they didn't look right - too big, for one thing.  Most people didn't notice and he got them into circulation.  I was tendered one from the Province of Ontario Savings Office upon making a withdrawal.

Collecting Canadian since 1955
JB-2007
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« Reply #2 on: September 09, 2006, 01:08:43 pm »

Quote
Indeed it did.  Approximately six or eight years ago, I think, a bank note company employee smuggled out some $10s (1989 series) that were supposedly faulty and to be sent for destruction.  They lacked only serial numbers.  The employee printed on serial numbers with his printer but they didn't look right - too big, for one thing.  Most people didn't notice and he got them into circulation.  I was tendered one from the Province of Ontario Savings Office upon making a withdrawal.
By chance did he at least get the right prefixes on those tens?
Bob
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« Reply #3 on: September 10, 2006, 09:53:57 pm »

He (or she?) did - the prefix of the published note was a very credible ATB.  The perpetrator was likely well aware of the prefixes then in use.  Perhaps he/she even put a BABN prefix on a CBN-printed note to throw law enforcement off the trail - one could actually tell, if the position numbers were visible.  The event was longer ago than I thought - the matter is written up in the July and December 1995 issues of the CPMS Newsletter.  (that took a bit of digging)

Collecting Canadian since 1955
BWJM
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« Reply #4 on: September 10, 2006, 10:39:56 pm »

Quote
Perhaps he/she even put a BABN prefix on a CBN-printed note to throw law enforcement off the trail
The $10s were printed by BABN. CBN didn't get any of the Birds $10 contracts. (At least not according to current knowledge).

BWJM, F.O.N.A.
Life Member of CPMS, RCNA, ONA, ANA, IBNS, WCS.
President, IBNS Ontario Chapter.
Treasurer, Waterloo Coin Society.
Show Chair, Cambridge Coin Show.
Fellow of the Ontario Numismatic Association.
Bob
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« Reply #5 on: September 10, 2006, 10:52:56 pm »

Ooops - my mistake.  The police were reported to be anxious to get the position numbers and I had jumped to the conclusion that would be the reason.

Collecting Canadian since 1955
BWJM
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« Reply #6 on: September 22, 2006, 12:42:39 pm »

I can't speak for Bob, but I did have lunch about a week ago with another unnamed but honourable collector who does have one such note. Poor cutting job was the first thing I noticed, aside from the lack of serial numbers of course.

BWJM, F.O.N.A.
Life Member of CPMS, RCNA, ONA, ANA, IBNS, WCS.
President, IBNS Ontario Chapter.
Treasurer, Waterloo Coin Society.
Show Chair, Cambridge Coin Show.
Fellow of the Ontario Numismatic Association.
Bob
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« Reply #7 on: September 22, 2006, 05:34:05 pm »

I didn't keep the note, but I think it went into a friend's collection.
I will try (again) to attach a picture that went with a writeup on this note in the 1995 CPMS Newsletter.  The note with the fake serial number added is the upper one; the lower is a real note for comparison.

[attachment deleted by admin]

Collecting Canadian since 1955
 

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