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The E-Sylum: Volume 21, Number 16, April 22, 2018, Article 43

COUNTERFEIT AUSTRALIA $50 BANKNOTES

The Daily Mail (referencing an article by The Daily Telegraph of Australia) discusses counterfeit $50 notes made by a jailed Sydney man. -Editor

Counterfeit Australian $50 note

Can you spot the fake? One of these $50 notes is real, and one of them is not. The genuine bill is at the top, and the fake at the bottom. The fake $50 is more pale, its edges are skewed, has only four stars and the embossing on the window is missing (photo obtained by The Daily Telegraph)

A Sydney man has been caught making $1 million in counterfeit $50 notes, despite Australia boasting it has one of the lowest rates of counterfeiting in the world.

Benjamin Gillette-Rothschild, 34, pleaded guilty in the Downing Centre District Court, The Daily Telegraph reports.

How he made the fake notes remains a secret due to the court order, but he boasted the process was so easy he did it all from the comfort of a leather chair.

Gillette-Rothschild allegedly used 'fake names' to buy three commercial printers for $80,000, ink, and specialised plastic.

To read the complete article, see:
Can you spot the fake? Sydney man who made $1million in counterfeit $50 notes boasts he forced complete overhaul of Australia's currency design (http://www.dailymail.co.uk/news/article-5641957/Can-spot-fake-Sydney-man-1-million-counterfeit-50-notes.html)

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Wayne Homren, Editor

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