Is it real or fake? How to identify counterfeit money.According to the United States Department of Treasury, an estimated $70 million in counterfeit bills are in circulation. And it’s becoming more difficult to distinguish between real and fake every day. Everyone, not just the banks, should know how to identify fake money or counterfeit, because if you knowingly try to pay for goods or services with counterfeit bills, both the Federal government and local State governments can impose penalties, up to 20 years in jail on top of a hefty fine. According to a Wisconsin-based attorney, it is a growing problem and people need to be diligent about it.Two central Wisconsin counties have acknowledged an uptick of complaints in late 2023 and early 2024 from businesses receiving counterfeit bills from various customers. Some of these incidents involved fake $5, $20, and $100 bills. Some of these bills did have disclaimers printed on them indicating they were not real and were for Motion Picture...
