ContractsProf Blog

Editor: Myanna Dellinger
University of South Dakota School of Law

Tuesday, March 14, 2006

A Counterfeit Just for Bill Gates

A counterfeiter was caught in California with 250 fake bills.  But these were not your average counterfeit bills, given that each bill was supposedly worth a whopping one billion dollars.  They bore a picture of Grover Cleveland and were ostensibly printed in 1934.

According to the story, “’You would think the $1 billion denomination would be a giveaway that these notes are fake, but some people are still taken in," said James Todak, a secret services agent involved in the probe.”

Er… yeah, most people should know there is no such thing as a billion dollar bill.  But   I’m just wondering what the counterfeiter intended to do with them.  It’s not like he could just go into a normal store and purchase something.  Or ask for change. 

[Miriam A. Cherry]

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