HomeNewsBrief$75,000 in Fake Bills Seized in Colombia
BRIEF

$75,000 in Fake Bills Seized in Colombia

COLOMBIA / 5 AUG 2011 BY ELYSSA PACHICO EN

On August 4 police seized 135 million pesos (about US$75,000) in a suburb outside Medellin, Colombia.

According to El Tiempo, the fraudulent funds were found in a counterfeiting lab in Bello, in the province of Antioquia. The workshop was in the process of producing another 225 million pesos (about $125,775), police say. No arrests were made at the scene.

This is one of the biggest seizures of counterfeit bills since police confiscated $2.5 million in Cali in March. The southwest city is something like Colombia's counterfeit capital, where many skilled forgers honed their trade working for the Cali Cartel.·

Aside from producing fake pesos, Colombia has long been the world's top producer of counterfeit dollars. Traffickers empplyed the networks used for drug trafficking to transport fake cash from Central America to the U.S. As InSight Crime has noted, both left-wing guerrilla groups and drug gangs have been known to use counterfeit currency to fund their operations.

InSight Crime has been the victim of counterfeit 50,000 pesos bills in Medellin many a time. One handy tip is to swipe the bill across a white piece of paper. If ink comes off, then it's real.

share icon icon icon

Was this content helpful?

We want to sustain Latin America’s largest organized crime database, but in order to do so, we need resources.

DONATE

What are your thoughts? Click here to send InSight Crime your comments.

We encourage readers to copy and distribute our work for non-commercial purposes, with attribution to InSight Crime in the byline and links to the original at both the top and bottom of the article. Check the Creative Commons website for more details of how to share our work, and please send us an email if you use an article.

Tags

Was this content helpful?

We want to sustain Latin America’s largest organized crime database, but in order to do so, we need resources.

DONATE

Related Content

AUC / 29 MAR 2020

The Ghost, a paramilitary drug lord, has moved to Madrid with his millions of drug dollars. He has dodged the…

COLOMBIA / 23 FEB 2012

"Waiting for Consolidation" examines the role of the US's military and development aid programs to Colombia in bringing government presence…

COLOMBIA / 15 JUL 2014

Panama's border police have killed two alleged FARC members in combat near the border with Colombia, a dense jungle region…

About InSight Crime

THE ORGANIZATION

Venezuela's Cocaine Revolution Met With Uproar

6 MAY 2022

On May 4, InSight Crime launched its latest investigation, Venezuela’s Cocaine Revolution¸ accompanied by a virtual panel on its findings. The takeaways from this three-year effort, including the fact that Venezuela…

THE ORGANIZATION

Venezuela Drug Trafficking Investigation and InDepth Gender Coverage

29 APR 2022

On May 4, InSight Crime will be publishing The Cocaine Revolution in Venezuela, a groundbreaking investigation into how the Venezuelan government regulates the cocaine trade in the country. An accompanying event,…

THE ORGANIZATION

InDepth Coverage of Juan Orlando Hernández

22 APR 2022

Ever since Juan Orlando Hernández was elected president of Honduras in 2014, InSight Crime has provided coverage of every twist and turn during his rollercoaster time in office, amid growing…

THE ORGANIZATION

Venezuela's Cocaine Revolution

15 APR 2022

On May 4th, InSight Crime will publish a groundbreaking investigation on drug trafficking in Venezuela. A product of three years of field research across the country, the study uncovers cocaine production in…

LA ORGANIZACIÓN

Widespread Coverage of InSight Crime MS13 Investigation

8 APR 2022

In a joint investigation with La Prensa Gráfica, InSight Crime recently revealed that four of the MS13’s foremost leaders had been quietly released from…