Police smashed bogus euro bill ring

23rd July 2007, Comments 0 comments

23 July 2007 , MADRID – Spanish and Colombian police have smashed an international counterfeiting ring which printed bogus 50-euro bills in Colombia and smuggled them into Spain hidden in sandals, authorities announced on Monday.

23 July 2007

MADRID – Spanish and Colombian police have smashed an international counterfeiting ring which printed bogus 50-euro bills in Colombia and smuggled them into Spain hidden in sandals, authorities announced on Monday.

Five people were arrested in Palma de Majorca and six in Medellin, Colombia, where the fake euros were printed, the National Police and Civil Guard said.

A Colombian woman was the boss of the ring that hid 80 false 50-euro notes in each pair of sandals. The shoes were placed in boxes and posted to Spain.

In their raid on the gang’s Palma de Majorca safe house, police found 9,650 euros in counterfeit bills, 19,550 euros in authentic currency, five mobile telephones, a computer and a stack of payment orders for foreign banks.

Colombian police seized banking documents used to manufacture the bogus bills, 700 fake 100-dollar notes and other items, authorities said.

(Copyright EFE with Expatica)

Subject: Spanish news

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