Monday, February 20, 2006

Investors 'tricked' to buy fake million-dollar-bill

Bad news for some Japanese investors. 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. million-dollar bills from the 1920's. But the ‘million notes’ are fakes.

The largest denomination bill ever produced by the U.S. treasury was a 100-thousand-dollar note in the mid 1930's.

The news reports say three of the bilked investors have had to file for bankruptcy. The man who promised them huge returns has disappeared with their real money.

Are you serious? Wouldn’t you do your research about investing in something like this before you cut a check to some ‘shady’ dude. Article here.

1 Comments:

At 11/18/2006 10:42 PM, Anonymous Anonymous said...

The largest US denomination was $100,000, but it was never in public circulation.

The $10,000 was the largest ever circulated.

As of now, the $100 is the largest in circulation.

Source -
http://www.moneyfactory.gov/document.cfm/5/42/1359

 

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