Revealed: Top State officers in dirty, fake money racketIn a complex web of deception, a group of local and international crooks have created a thriving enterprise in Nairobi, which is minting billions by luring gullible investors who want to cut corners to multiply their riches. SEE ALSO :Officers seize Sh6.6m in fake notes at printing houseYesterday, a private investigator, Steve Odero, told us how an employee of a parastatal was holding onto a consignment of fake notes he had been made to believe was worth $2 billion. SEE ALSO :Police seize fake Sh2 billion from bank safe box“After seducing their victims, they send consignments and even have clearing agents call you to inform you a gift has arrived. Our sources say the scammers charge Sh60,000 to make counterfeits of Sh20 million, while printing fake $100 million attracts a fee of between Sh500,000 and Sh1 million. Police say some of the counterfeit currency is used to finance criminal activities, such as money laundering businesses and terrorism.

Source: The Star March 23, 2019 21:06 UTC