Jiangsu Man Arrested for Selling Homemade Counterfeit Bills

Jiangsu Man Arrested for Selling Homemade Counterfeit Bills
Dec 21, 2015 By eChinacities.com

Police recently arrested a number of suspects on suspicion of creating and distributing counterfeit money in multiple provinces.

It all began last April, when police in Danyang, Jiangsu received a call from a courier company about a suspicious package. The police investigated the package and found counterfeit ten and twenty Yuan bills.

Police identified the sender as a man surnamed Li who lived with his wife in the city of Changzhou. They began to monitor the couple. In May, a police investigator posing as a Netizen contacted Li. He claimed he was part of a gang that Li had shipped to and that Li’s counterfeit money was poor quality.

When police determined that Li was indeed selling counterfeit money, they decided to arrest him immediately. Police found 3,288 worth of counterfeit bills, computers, printers and A4 paper used to print counterfeit money in Li’s home.

Li said that he had started producing counterfeit money that May. In March, he had purchased counterfeit money online and resold it for a profit. He then realized he could sell the money for nine times more than it took to create it if he produced it himself. 2,000 sheets of paper could make up to 70,000 Yuan.

With information from Li, police were able to arrest six suspects in Shenyang, Guangdong, Fujian, and Shanghai. They seized three computers, printers, and a number of counterfeit bills.

Source: inews.qq.com

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Keywords: counterfeit Yuan Jiangsu counterfeit bills

5 Comments

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LILAOSHI77

NOSY POST AN

Dec 26, 2015 20:33 Report Abuse

bill8899

he is efficient! why produce things to make money? just produce money!

Dec 21, 2015 22:59 Report Abuse

seansarto

You have just figured out the key to being "wealthy" in a capitalist economy.

Dec 22, 2015 09:28 Report Abuse

bill8899

Finally two people recognise my genius! You and my mother!

Dec 22, 2015 13:37 Report Abuse

seansarto

What is the difference between selling fake money to burn to trick your dead ancestors...and selling fake money to buy things on taobao to trick your dead ancestors? ..These and many more questions to be answered in coming episodes!

Dec 21, 2015 18:50 Report Abuse