The E-Sylum:  Volume 10, Number 51, December 16, 2007, Article 17

U.K. MAN ARRESTED FOR COUNTERFEITING MILLIONS OF POUND COINS

[The BBC reported that a man suspected of counterfeiting
fourteen million one pound coins has been arrested.  Here
are some excerpts.  -Editor]

A counterfeiter who produced fake £1 coins with an estimated
total value of £14m, has been jailed for five years. Marcus
Glindon, 37, from Enfield, north London, made the coins over
seven years from a workshop near his home.

When officers raided his home and nearby business, MG Engineering,
in March they found machines used to manufacture coins and
counterfeit dies.

Of the estimated 14 million coins, 2.5 million were completed
while the remainder were left blank, due to be finished off.

It is thought that at one stage he was making 10,000 to 12,000
coins per day and was paid about £2,000 in cash a week by
the two men.

The Royal Mint said it would be extremely difficult for members
of the public to differentiate between legitimate coins and
the fake ones Glindon had produced.

To read the complete article, see:
Full Story

  Wayne Homren, Editor

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