Japanese Investors Duped Into Buying Fake U.S. $1M Bills
http://www.10news.com
Japanese Investors Duped Into Buying Fake U.S. $1M Bills
POSTED: 12:49 pm PST February 17, 2006
TOKYO -- A group of Japanese investors received some bad news recently when they learned that there's no such thing as a $1 million greenback.
According to a Japanese newspaper, eight people are out more than $1.25 million. They were duped into buying supposedly rare U.S. $1 million bills from the 1920s -- but the million-dollar notes are fakes.
The largest denomination bill ever produced by the U.S. Treasury was a $100,000 note in the mid-1930s.
According to Japanese news reports, three of the bilked investors have had to file for bankruptcy. The man who promised them huge returns has disappeared with their real money.
