The amount of counterfeit money being accepted by consumers and stores is rising as people increasingly use inexpensive home computers and printers to produce phony money, reports USA Today. About $62 million in fake money entered circulation in the year ending Sept. 30. That was a more than 10% increase from 2005 and a 69 percent rise from three years earlier.
There has been a noticeable rise in counterfeiting in the past eight months in Pasco County, Fl., for example. One person charged people, including an undercover agent, for a counterfeiting how-to class. One man was arrested after dancers in a strip club realized he was passing out fake bills. A 62-year-old woman known as Grandma was caught this month trying to sell fake money at less than face value. A Secret Service official said the ease of using home computers to make the money has added challenges to catching counterfeiters.