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

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