Loren Gatch forwarded this article from Malaysia. He adds "Clearly, the level of financial expertise amongst the criminal element needs to be higher!".
Malaysian police have arrested a Lebanese man allegedly carrying fake currency with a face value of $66 million after he tipped a hotel staff with a $500 note, an official said Friday.
The largest U.S. note currently in wide circulation is a $100 bill. But police found bundles of $1 million, $100,000 and $500 notes in the man's hotel room in Kuala Lumpur on Sunday, said Izany Abdul Ghany, head of the city's commercial crime unit.
Hotel staff alerted police after a housekeeper received a $500 note tip and found out it was fake when she tried to convert it to local currency at a money changer, Izany said.
The man could be charged for possessing counterfeit money and, if found guilty, face up to 10 years in jail, he said.
To read the complete article, see:
$500 tip leads police to $66 million in fake bills
Wayne Homren, Editor
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