The E-Sylum:  Volume 9, Number 16, April 16, 2006, Article 30

EURO COINS COUNTERFEITED

An April 16 article in Stars and Stripes notes that Euro coins
are being counterfeited in large numbers:

"Wednesday, Italian police in Naples busted a counterfeit money
ring said to have manufactured upward of 5,000 coins a day,
according to Italian news reports and officials.

From what we are hearing from the Carabinieri, it is difficult
to distinguish the counterfeit coins from real coins, said Debbie
Rocco, a Naval Criminal Investigative Service agent who works out
of Naval Support Activity Naples and closely with Italian officials.

The problem of controlling this illegal activity is aggravated
by technological advances in printing and by reproduction machines,
she said in an e-mail."

"Police seized minting machines the alleged criminals used to make
2-euro and 50-euro-cent coins, ANSA reported. It added that in
January 2002 — when the first euro coins appeared — Naples came
out with Europe's first fakes."

To read the complete article, see: Full Story

  Wayne Homren, Editor

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