Counterfeiting money is a detail-oriented art, but one Arizona man who attempted it wasn't quite scrupulous enough about his fake bills, according to the Prescott Daily Courier: He attempted to pass a forged $100 bill with a picture-perfect image of Benjamin Franklin -- but a watermark of Abraham Lincoln.
And Honest Abe gave him away.
At around 8 p.m. July 18, the man tried to buy $9 of merchandise at Goodwill, where a cashier suspicious of the mismatched watermark called the police. The customer beat a hasty retreat from the store, but within half an hour tried to pull the same stunt at a Safeway -- attempting to buy some cheap groceries to break his fraudulent C-note and get genuine bills as change. And, local police told DailyFinance, he later tried the same move at an Albertsons Grocery Store -- but was again thwarted.
The suspect left his bogus bills with the clerks at all three locations.
Among the hardest things for a counterfeiter of U.S. currency to duplicate well is the feel of the special rag-paper our cash is printed on. The counterfeiting technique employed to make the phony bills in this case involves "washing" a lower-denomination bill with bleach -- a $1 or, as in this case, a $5 -- then printing the image of a larger-denomination bill -- in this case, a $100 -- on the clean paper. This creates money that usually feels authentic to the touch and appears en pointe in coloration.
But this particular bone-headed move was a revelation for Lt. Ken Morley of the Special Operations Bureau for the Prescott Police Department.
"This is the first time I've seen it," Morley said. "I've seen well-done counterfeit bills with sophisticated printing, and some are really horrendous: they paste corners of a $20 on a $1 bill -- honest to God, I've seen that. It's so bogus."
This crook's technique, Morley said, "falls somewhere in between" on the counterfeiting spectrum.
But ultimately, the incongruous faces were a dead giveaway -- which is, after all, why the Treasury added the feature to new bills.
"All it would take is someone to hold that up to the light," Morley said. "The ghost head of Abe Lincoln gives it away on a $100 bill."
Copy That -- Or Not
"With the constant advancement in technology and the higher quality of machine copiers, counterfeiting becomes easier to do," said Joseph A. LaSorsa, a Secret Service retiree who heads the private investigation firm J.A. LaSorsa & Associates. "They are, however, limited in the use of correct paper, unless they resort to the use of the 'bleaching' technique."
But many copiers are so advanced now that they won't allow you to photocopy money. Morley discovered this himself when he tried to send out a copy of one of the counterfeit bills and the machine wouldn't allow it.
Such difficulties could have been what led the suspect to attempt the bleaching technique, which is not flawless -- even disregarding the watermark issue. The bills were reportedly "softer" and lighter in color than legitimate greenbacks -- likely due to the washing, Morley said, which can make the paper more supple.
"The officer that had the bill said it felt a little bit different," Morley said. "Had I been in a grocery line and I'm the clerk, would I have noticed? Maybe not."
Hard Times for Everyone
Morley suggested that in today's weak economy, crooks may be trying to get a little more bang for their fake buck. The most commonly counterfeited bill is the $20, because those incite less scrutiny than $100s.
"They slide under the radar," Morley said. But the greater the denomination, the greater the profit margin. And these are desperate times.
"There's always someone trying to make a fast buck," Morley said, "But the fact that it's a $100 bill might be related to the economy."
For now the suspect remains at large, and the trail in Prescott has gone cold.
"We haven't had another complaint," Morley said. "We might have scared him off from here, but I'm sure he's trying some place else."
Two Heads Were Not Better Than One for Arizona Counterfeiter
For the most part, they aren't exactly criminal masterminds. After trolling through a decade's worth of headlines, we've rounded up what could be the 12 dumbest insurance scams around.
From cops to grandmothers, desperate shop owners and the boy next door, these alleged crooks prove fraudsters come in all shapes and sizes.
If Judd Apatow ever directed a horror film, chances are it'd sound a lot like this complaint filed by South Carolina's district attorney against Gerald Hardin.
"...in May 2008, Hardin and another person used a pole saw to intentionally cut off the hand of the third participant in the scheme. A pole saw is a small chain saw that is attached to the end of a pole, and it is used to trim tree branches.
....The three participants then submitted claims against a homeowner’s insurance policy and three accidental death and dismemberment policies and received over $671,000."
If convicted, Hardin faces a $250,000 fine and up to 20 years in prison.
Of all the schemes on our list, this one is by far the most complex––and the creepiest.
Four California women were convicted of wire fraud after they allegedly invented a man ("Jim Davis"), faked his death, and then staged a bogus funeral –– complete with actors paid to pose as mourners –– in order to claim $1.2 million in life insurance benefits.
The FBI caught up with former mortuary worker Jean Crump, 67; Faye Shilling, 61; Barbara Ann Lynn, 64; and Lydia Eileen Pearce, 35, in 2010 after two insurance companies launched an investigation into their claims.
From the FBI's report: "The con artists were so unnerved by this that they had the coffin supposedly holding the remains of Jim Davis unearthed. They filled the casket with a mannequin and cow parts to ensure the proper weight and then sent it to a crematory. Then, they filed phony paperwork stating that he had been cremated and had his ashes scattered over the Pacific Ocean."
When Samiha Guirguis, 59, claimed a Philadelphia department store lost the beloved mink coat she placed in storage in 2005, she forgot one crucial detail: Her name was monogrammed inside it.
At the time, Guirguis received a receipt from the store showing that the coat was valued at $1,000, according to a complaint filed by the state's attorney general. She allegedly returned to retrieve the coat four years later and not only claimed that it wasn't hers but that the original coat was worth $10,000.
From the state's complaint: "Guirguis made a claim for her fur coat under her homeowner's policy. The charges state that Guirguis denied having made any prior claims in connection with the coat and reported that she had paid $10,388 for the coat. However, the investigation revealed that in 2001 Guirguis had accused another fur-storage facility of substituting a lesser-value coat for her fur."
In June, she was charged with two counts of criminal attempt/theft by deception, one count of forgery and one count of insurance fraud.
When Ronald Moore saw what he thought was a serious bus accident, he hatched the ultimate get-rich-quick scheme: Pretending to be a passenger, he dashed onto the bus, clutched his back in pain and later filed a claim for injuries, prosecutors claimed.
Unfortunately for him, the whole charade was caught on tape.
"It’s almost comical,” Assistant District Attorney Linda Montag told Philly.com after the incident, which went down in April 2011. “It was a very small tap by a taxicab. There wasn’t even a scratch on the bus.”
Moore was ordered to pay a $1,000 fine and sentenced to 2 years of probation.
Another man the camera caught boarding the bus with Moore escaped charges because he never filed an insurance claim.
Even his own knowledge of the industry couldn't help a Enumclaw, Wash. life insurance salesman get away with an alleged multi-million-dollar insurance scheme.
Federal prosecutors say Aaron Travis Beaird not only pilfered $2 million from his clients' accounts but convinced a family friend to buy a $2 million life insurance policy, then claimed the man died in order to cash it, the Seattle Post Intelligencer reports.
When police investigated, Beaird allegedly parked his car by a bridge and stuffed a suicide note on the dash with an admission of his crime. He signed it 'Travis the scam man.'
Beaird was later found very much alive in late June. He's been charged with two counts of wire fraud and awaits trial.
New Jersey police officer Suliman Kamara, 30, would have probably gotten away with his alleged auto insurance scam if only he hadn't continued to drive the car he reported stolen in 2009.
Kamara collected almost $10,000 from Liberty Mutual at the time, but when a representative from his insurance company happened to see the same car parked outside his home three years later, the jig was up.
An investigation by the state's attorney general revealed Kamara had kept the car but allegedly switched out his old license plate for a new one. If convicted, he could face 5 years in prison and a $15,000 fine.
The entire area was combed for 10 hours by 550 police officers and as many as 9 schools were locked down during the same time period, according to the Los Angeles Police Department.
When no shooter turned up and Stenroos couldn't keep his story straight about how many shots had been fired, the real story unraveled. Prosecutors claimed he shot himself (he was wearing a bullet-proof vest at the time).
Stenroos was convicted of planting false evidence and insurance fraud in Sept. 2011 and a judge ordered him to cough up $309,000 in restitution to the city.
A Delaware man claimed a freak cooking accident caused his home and convertible to go up in smoke, but police didn't buy his Three Stooges-esque story, the Daily Star reported:
"(Nicholas) Di Puma tried to put the fire out with a dishrag, but the dishrag caught fire, so he took one pan and threw it out the front door, where it landed in the backseat of the convertible. He then took the second pan and was going to throw it out, but tripped over a box, and the pan landed on a leather couch, igniting it. Di Puma ran outside to get two hoses, but there was only one there, so he attempted to put out the fire in the convertible, according to the report."
A state court ordered him to pay $37,997 in restitution and sentenced him to five years of probation for second- and third-degree attempted insurance fraud.
When Isabel Parker, ran out of funds to support her gambling addiction, the 72-year-old orchestrated no less than 49 slip-and-fall scams at department stores, supermarkets, and liquor stores three states between 1993 and 2000, the Philadelphia Inquirer reported.
An investigation by detectives from the Philadelphia District Attorney’s Insurance Fraud Unit revealed Parker used as many as 47 aliases and 11 different addresses to file her claims, which totaled more than $500,000, according to a joint complaint filed by Philadelphia and Delaware state prosecutors.
She was convicted of 20 counts of insurance fraud in 2003 and served a four-year sentence under house arrest.
This is one insurance fraud power couple that proves love really does know no bounds.
According to the Austin Statesman, police claimed Clayton Daniels, 27, dug up the corpse of a deceased 81-year-old woman, dressed her in his own clothes, burned her beyond recognition and stuffed her into his car.
His wife, Molly Daniels, then 25, attempted to collect $110,000 from his life insurance policy, claiming he had been killed in a car accident.
When state police launched an investigation, they found Clayton alive at home––with a new hair dye job. Molly was sentenced to 30 years in prison in 2005 for her role in filing the claim.
In December 2008, two New York City business partners hatched the ultimate plan to save their floundering jewelry store––a fake heist.
Prosecutors claimed Atul Shah and Mahaveer Kankariya hired two men, outfitted them in Hasidic jew garb and staged a robbery at their own shop. To cover their tracks, they poured drain cleaner into their security cameras to wreck any footage and then filed $7 million claim with their insurer, Lloyds of London.
The scheme unraveled when police were able to salvage footage from the damaged security tapes that showed the men entering their own safe and removing the jewels just two hours before the supposed burglary.
In March 2011, the pair were convicted of insurance fraud in the first degree, attempted grand larceny and falsifying business records.
Yevgeniy Samsonov, 29, claimed his furry friend died during a 2009 fender-bender, an accident that already netted him a $3,500 insurance payout for back troubles, according to the Associated Press.
When the insurer, PEMCO, agreed to cut him a $50 check and call it a day, Samsonov allegedly sent photos to prove the cat's value. A quick web search by the company's agents proved the pictures were actually gleaned from a Wikipedia page.
Samsonov pled not guilty to insurance fraud charges at a July 11 court hearing. If convicted, he could face a year in jail.
"We’ve handled some pretty unusual fraud cases," Insurance Commissioner Mike Kreidler said. "But this is one of the stranger ones."