Two detained over alleged link to counterfeit money - News Summed Up

Two detained over alleged link to counterfeit money


By Jason Pan / Staff reporterTwo men have been taken into custody for their alleged ties to a money counterfeiting ring, police said yesterday. “The seized US$100 bills are of very high quality owing to a high-level counterfeiting production process,” Lee said. The evidence eventually led to Hsieh, Lee said, adding that police in November last year conducted a search that uncovered 1,200 fake US$100 bills in his temple and detained him for questioning. “The counterfeits Kao sold were then locally resold to Southeast Asian migrant workers, who could remit US currency home,” Lee said, adding that Hsieh had sold about US$30,000 of fake bills. Kao and Hsieh face charges of counterfeiting valuable securities, the bureau said, adding that an investigation is under way to verify links with Liao’s operation.


Source: Taipei Times February 21, 2020 15:56 UTC



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