Counterfeiting Ring in Colombia
Police assisted by U.S. Secret Service agents on Sunday broke up a network capable of printing millions of dollars a month of excellent quality counterfeit money and arrested five suspects during a raid on a remote village in northwest Colombia, officials said.
It’s a big industry there:
Fernandez said Valle del Cauca, of which Cali is the state capital, has turned into a center of global counterfeiting. “Entire families are dedicated to falsifying and trafficking money.”
Colombia is thought to produce more than 40 percent of fake money circulating around the world.
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