By Euro Weekly News Media • 20 July 2015 • 13:05
AT LEAST €200,000 in counterfeit €20-bills was introduced to circulation in Spain by a criminal network which has been busted, say police.A total of 10 people have been arrested by National Police in connection with this case in Almeria and Murcia. Authorities have not yet closed the case as they are still trying to determine who created the bills and where.In several searches, police found €44,000 in fake bills, as well as €5,117 legal cash money.According to police, the group not only specialised in introducing counterfeit bills into the market but also trafficked drugs and had defrauded several insurance companies by faking injuries after traffic accidents.Police said that the method used by the criminals was the so-called ‘dripping’ technique. The hustler would carry out a purchase of up to €7 and use a false €20 bill to pay, receiving the item and the change. If the bill had a €50 value, the purchases would be priced between €10 and €12 to not raise suspicions.
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