Indictments made in circulation of fake $100 bills - WSFA.com Montgomery Alabama news.

Indictments made in circulation of fake $100 bills

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The Secret Service thwarted a $77 million counterfeit money ring involving the print of $100 bills. (Source: CNN) The Secret Service thwarted a $77 million counterfeit money ring involving the print of $100 bills. (Source: CNN)

(CNN) – The Secret Service says agents put an end to a $77 million counterfeit money ring.

For the last 15 years, sophisticated $100 U.S. bills are believed to have flooded into the country from Israel.

Court documents show the bust was made just as counterfeiters were starting to print the fake bills in New Jersey.

Criminals would apparently pay about 40 percent of the face value of the bills for a “10 stack, or $10,000.

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