Got cash?

People | 25 October, 2007

People keep trying, no matter how many times others have failed before. Not even to mention that their trials are so flawed it becomes amusing just to read how they failed.

Once again, an international counterfeiting gang tried to con a large bank out of more money than they'd possibly have in stock, with a method so commonly known as the Nigerian Letter. Targeting the Bank Of England, a group of 6 posing as fake lawyers and representatives of Chinese families from the preCommunist era who owned the money and wished to exchange it, came up with a story of 6 owners (aged 109 to 116) of special bank notes who'd like to cash them in before they'd die.

The problem was the bank notes were thousands of "special issue" notes of £500,000 and £1,000. Some of the flaws in this plan:

  • a £500,000 note never existed
  • the £1,000 note had not been legal tender for more than 60 years
  • they referred to the bank in documents as the “England Bank”
  • they did not correctly forge the signature of Sir Jasper Quintus Hollom, the chief cashier of the Bank of England
  • the money they claimed to possess - £28 billion - represented more than two thirds of all sterling in circulation

How could someone possibly expect to get that much money without anyone wondering? Furthermore, how could the spell the name of the bank wrong when all lived in the London area?

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