Arrested Ringleader Nets Police $32 Million of Fake Bills
Posted
April 8, 2016
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70,844
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April 8, 2016
70,844
660
86
1.05%
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2:59Now PlayingPeru is the number one producer of counterfeit US dollars in the world. In 2015, just over 16 million forged bills seized in the US were of Peruvian origin, according to the US Secret Service. Millions of counterfeit euros and Peruvian soles have also been seized by police in Peru.
The forged dollars are finished by hand, giving them an exceptional quality which has earned the country its top spot as leader of this illicit global trade. And for the criminal gangs counterfeit money is cheaper to produce than cocaine.
In this extra scene, VICE News meets the ringleader of a counterfeit bill operation who was arrested along with more than 100 million forged Peruvian soles, worth $32 million.
Watch "The World Leader in CounterfeitingLima's Fake Dollars"
Read "Peru's Booming Cocaine Business Is Turning It Into Latin America's Newest Narco State"
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