Counterfeit billion-dollar bank notes seized
LOS ANGELES (AP) -- Federal authorities investigating a man who smuggled money into the country have seized 250 counterfeit bank notes in billion-dollar denominations, they announced Tuesday.
The 250 bogus Federal Reserve notes had 1934 issue dates and were stained to make them look old, but no such currency exists, said U.S. Immigration and Customs Enforcement spokeswoman Virginia Kice.
The man has been charged with cash smuggling, but no charges have yet been filed in connection with the counterfeit notes.
Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.