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Casinos Not Good Place for Counterfeiters

CONNECTICUT – As reported by the Connecticut Day: "A casino would seem like a great place to pass counterfeit money, given the quantity of bills that flow through slot machines, across gaming tables and in and out of stores and restaurants.

"Not so, said Sean Gallagher, resident agent in charge of the U.S. Secret Service bureau in New Haven.

"…Casino workers are experts at handling money. Many spend their entire shifts counting and changing money, and they are constantly updated on the latest fake money fads. Should a bad bill get by an employee, state-of-the-art technology, like bill validators and counting machines, back them up.

"…Alan Greenstein, vice president/financial comptroller at Mohegan Sun, said the casino detected 679 counterfeit 'pieces' totaling about $45,000 in 2003. About the same amount of counterfeit currency was detected the year before, Greenstein said.

"…Bogus bills introduced into the casino's cash stream are not likely to pass through slot machines, automated teller machines or money-changing units, which are equipped with bill validators that typically use infrared light to recognize counterfeits.

"…Counterfeit bills that get by employees often are detected in the counting room, where the casino employs the same equipment the federal government uses to count its money.

"And just as the federal government has made changes to U.S. currency to keep ahead of counterfeiters, Mohegan Sun has managed to avoid excessive losses by constantly updating its equipment and bringing in Secret Service agents to train employees…"

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