What do you put on counterfeit money?
Write your initials and date in the white border area of the suspected counterfeit note. Do not handle the counterfeit note. Place it inside a protective cover, a plastic bag, or envelope to protect it until you place it in the hands of an identified Secret Service Special Agent.
What is the penalty for passing a counterfeit $20 bill?
If it is found that a person intentionally created or used counterfeit money to purchase goods in the United States, the penalties for using counterfeit money are fines up to $15,000 (or more in very significant cases) and 15 years in prison.
Are you supposed to report counterfeit?
Report Counterfeit Currency (Note: You must send the Counterfeit Note Report to your local U.S. Secret Service field office. Visit the U.S. Secret Service website for more information.)
Can I get reimbursed for counterfeit money?
And since passing counterfeit bills is illegal, you might have to answer to authorities. But the loss could be covered by your homeowner’s or rental insurance policy, up to $500 or $1,000, depending on the policy. And unlike with most losses, the reimbursement amount typically isn’t subject to your policy’s deductible.
What is the charge for passing a counterfeit bill?
Federal Crimes A conviction for the offense carries up to 20 years in prison and a fine. A conviction for producing counterfeit currency similarly carries a maximum sentence of 20 years imprisonment and a fine, as does a conviction for merely possessing counterfeit currency.
How can you tell a fake $100 bill?
The letters “USA” and the number 100 alternate along the strip, which is visible from both sides of the note.
- If you hold the bill up to UV light, then the strip should glow pink.
- You can also purchase a counterfeit detector which shines UV light, which might be helpful if your business handles a lot of bills.