Customs and Border Protection (CBP) in Chicago recently stopped several shipments containing counterfeit currencies totaling $685,000 from China, the agency announced on May 18.
The shipments arrived at Chicago’s International Mail Facility (IMF) between May 15 and 17, and were destined for cities in several states including Illinois, Indiana, New York, and Kentucky. The fake currencies came in the form of $5, $10, $20, $50, and $100 bills.
One shipment was destined for the Bronx, New York, containing 976 $100 bills. Another shipment was headed to Louisville, Kentucky, containing 101 $20 bills and 103 $50 bills. All of these shipments were manifested as prop money.
“By stopping these shipments, we are protecting our financial institutions, businesses, and the public.”
China remains the top source of fake goods entering the U.S. market. According to statistics from the U.S. Department of Homeland Security, CBP made 27,599 seizures in the fiscal year 2019. These goods would have had an estimated retail price of more than $1.5 billion if they were genuine.
Among these seizures in 2019, 13,293, or 48 percent, originated from China, followed by Hong Kong with 9,778 seizures, or 35 percent. The top category of seized products was counterfeit watches and jewelry, at 15 percent, followed by apparel and accessories at 14 percent.
The fake money seized by CBP officers in Chicago was hardly an isolated incident.
In total, the 281 shipments consisted of 39 fake 50-cent coins, 6,345 fake $1 coins, 283 fake $2.5 coins, and 1,589 fake $100 bills.
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