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The E-Sylum: Volume 10, Number 24, June 17, 2007, Article 22 MORE ON THE NORTH KOREAN COUNTERFEITING OPERATION A news report this week alleges that North Korea pawned counterfeit notes off on aid agencies and diplomats visiting the country. "Diplomatic sources tell NewsMax that the government of North Korea may be involved in a U.S. currency counterfeiting operation far more extensive than previously thought. "How Pyongyang managed to circulate the currency has been a subject of a coordinated investigation by both the U.S. and South Korean governments. "Sources with knowledge of the investigation tell NewsMax that North Korea used aid agencies and diplomatic missions as a prime way to move and launder money. In one case, it is alleged that Pyongyang stole from various international aid agencies, such as the U.N. Development Program. "It is suspected that when diplomats went to local banks to withdraw funds deposited by their governments, they unknowingly received North Korean 'phony' greenbacks. "That money would then be carried overseas and enter worldwide circulation." "Among the embassies believed to have been 'scammed' by the North Koreans are China, Russia and Switzerland. To read the complete article, see: Full Story Wayne Homren, Editor The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org. To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@coinlibrary.com To subscribe go to: https://my.binhost.com/lists/listinfo/esylum | |
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