KUALA LUMPUR, Malaysia – Malaysian police have arrested a Lebanese man allegedly carrying fake currency with a face value of $66 million after he tipped a hotel staff with a $500 note, an official said Friday.
The largest U.S. note currently in wide circulation is a $100 bill. But police found bundles of $1 million, $100,000 and $500 notes in the man’s hotel room in Kuala Lumpur on Sunday, said Izany Abdul Ghany, head of the city’s commercial crime unit.
Hotel staff alerted police after a housekeeper received a $500 note tip and found out it was fake when she tried to convert it to local currency at a money changer, Izany said.
The man could be charged for possessing counterfeit money and, if found guilty, face up to 10 years in jail, he said.
This is not the first time the man has been in trouble with the law in Malaysia, Izany said.
A Malaysian court charged him last week with cheating over the sale of office supplies in 2005 in a separate case. Cheating, or fraud, carries a maximum penalty of five years.
Who ever heard of a $1 million bill or a $100,000 bill for that matter!?! Maybe Dr. Evil thinks that there IS such a thing, but any sane person outside of a 6-year-old would know that there isn’t one. This guy obviously had some access to the internet to get his templates and print that fake scrilla out. Wouldn’t you want to make sure that it’s actually currency before you started using them at places!?! I guess there’s such thing as a $500 bill, but they haven’t been printed since 1945, so I doubt there are any still in circulation. It’s more likely they are in the US Treasury’s museum. Unless you count the religious money/fliers with Jesus on them, there is no such thing! Maybe his parents gave him Monopoly money as a kid. Why would you print $66 million worth and keep it on you!?! Who could ever break a $100K dollar bill for you let alone a million dollar bill!?! This guy should be arrested for being a moron instead of a counterfeiter!
January 15th, 2010 at 1:43 pm
That’s child’s play when you consider an inflation rate bordering on 20,000 % in Zimbabwe. And there they have notes in circulation that have so many zeros, you are asking yourself if you’re an actual millionaire or billionaire ?
January 15th, 2010 at 5:03 pm
True, but that’s not in the US dollars… The USD never really changes much like the Pound, Euro, and Yuan. The peso was inflated like that a decade and a half ago, but thankfully they changed it to be less confusing…
January 16th, 2010 at 9:25 am
Dropped this piece after the heroics of Jazz’s player Sundiata Gaines against the Cavaliers.
Was It Good For You …. ?
January 16th, 2010 at 7:41 am
As you very well know geo political and economic market conditions dictate the fluctuations of a currency.
You were probably not even around during the seventies when the dollar was up and down like a yo-yo because of the unrest and the petro dollar influence in the markets.
Never mind you also had the inflationary influences there as well.
Unfortunately the peanut farmer from Georgia and his predecessor and immediate successor knew f_ck all about market conditions much less macro economics.
And now these morons on both sides of the aisles are wonder why the country has a $12 trillion debt and an ever increasing trade deficit.
January 16th, 2010 at 2:37 pm
With the Giants’ Tim Lincecum now coming up for salary arbitration . I did the following piece. Let me know what you think as to its merits ?
I’m Just Looking To Get Paid Just Like Anyone Else …….
January 17th, 2010 at 8:46 pm
hahahaha hillarious. What an idiot.