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The E-Sylum:  Volume 8, Number 50, November 27, 2005, Article 14

BOGOTA COUTERFEITING OPERATION HALTED

On Monday, November 21, 2005 The Daily Journal of Bogota,
Columbia reported that "Police assisted by U.S. Secret
Service agents on Sunday broke up a network capable of
printing millions of dollars a month of excellent quality
counterfeit money and arrested five suspects during a
raid on a remote village in northwest Colombia, officials
said.

Nearly U.S.$3 million in fake 100 dollar bills was seized
during the raid in Dagua, a village nestled in Andean
foothills some 300 kilometers (190 miles) southwest of
the capital, Bogotá, said Eduardo Fernández, head of
the DAS police agency in Valle del Cauca state.

"The printing plates they were using were very good,
so that the quality of the counterfeit money was
excellent,” he said in a telephone interview with
The Associated Press.

Fernández said Valle del Cauca, of which Cali is the
state capital, has turned into a center of global
counterfeiting. "Entire families are dedicated to
falsifying and trafficking money.”

  Wayne Homren, Editor

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