Thursday, May 6, 2010

Supernotes & North Korea

What is SuperNote...?
  • Superior quality family of counterfeit
  • Often goes undetected until it reaches the FRB
  • Passing activity
First detected in 1989
  • investigation has spanned more than 130 countries / 170 arrests
Nation Security implications for the U.S.
  • "Through extensive investigation, the Secret Service has made definitive connection between these highly deceptive counterfeit notes and N. Korea. Our investigation has revealed that the SuperNote continues to be produced & distributed from sources operating out of N. Korea." - DAD Michael Merrit 4/25/06 to Committee on Homeland Security

I'm assuming FRB means "Federal Reserve Bank".

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