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Latino Daily News

Thursday August 23, 2012

Peru is Now Top Manufacturer of Counterfeit Currency Found in the U.S.

Peru is Now Top Manufacturer of Counterfeit Currency Found in the U.S.

Photo: Peru is Now Top Manufacturer of Counterfeit Currency Found in the U.S.

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According to a U.S. Secret Service representative, Peru is now the largest producer of counterfeit dollars in the world.

Specifically, Peru’s counterfeits account for 17 percent of the fakes in the U.S.

Counterfeits from Colombia once held that title, but with a dramatic increase coming those from Peru, the Andean country has taken the top spot.

Raul Salazar, Director of the Peruvian National Police, says the Quispe Rodriguez family is behind much of the counterfeiting in Peru. Despite one of the family’s main counterfeiters being arrested last year, authorities believe that his younger brother has taken over operations.

On August 2, Peruvian police seized $2 million in counterfeit money during a raid in Lima. The Quispe Rodriguez was said to be behind the money’s manufacturing.

The fake currency had been hidden in double-lined notebooks and covered in carbon paper in an attempt to avoid being seen by X-ray scanners.

Earlier this month, Peru authorities arrested a Mexican man at Lima’s international airport as he attempted to transport $520,000 in fake currency. A possible connection to Mexico’s Sinaloa Cartel is still being investigated.