The E-Sylum:  Volume 10, Number 37, September 16, 2007, Article 21

EIGHT TONS OF STOLEN EURO BANKNOTE PAPER SIEZED FROM COUNTERFEITERS

"Hungarian police have confiscated eight tons of original banknote
paper from suspected counterfeiters, police chief Jozsef Bencze
confirmed Monday, according to Hungarian news agency MTI.

"Two of six suspected accomplices of the counterfeiters were arrested,
according to police, who believe an international gang to be behind
the operation. Police believe the suspects are Hungarian.

"The banknote paper was found last Thursday in the west Hungarian
town of Gyoer. Police found the 735 packages, each with 500 sheets
of banknote paper in two garages, Bencze said.

"The paper is part of a 15-ton package of banknote paper that was
stolen in Germany in 1995, the German newspaper Frankfurter
Allgemeine Zeitung reported.

"The paper could have been used to print false 50 and 200 euro notes,
with 50-euro fabrications worth 150 million euros (220,5 million
dollars)and 200-euro fabrication worth 440 million euros."

To read the complete article, see: Full Story

  Wayne Homren, Editor

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