Treasury Dept. theft

ricko · February 26, 2007 11:26AM

Check this out... would like to know the details of how they caught him...

http://www.foxnews.com/story/0,2933,254782,00.html

Cheers, RickO

commoncents05 · February 26, 2007 11:31AM

Link

commoncents05 · February 26, 2007 11:32AM

WOWSERS!!!

-Paul

jonathanb · February 26, 2007 11:41AM

Sounds like someone alertly noticed large numbers of bills missing their serial numbers showing up at the casinos, and then investigated further. Goes to show what a little knowledge about the minting process (or in this case, the printing process) can get you.

Briefly (and with simplifications), notes are printed on large sheets, 32 notes per sheet. To produce a stack of 100 notes suitable for use at a bank, 100 sheets are piled up, and then sliced into 32 separate stacks, which are banded individually. That means that each stack of bills has one note from each sheet. It would be very unusual to find 32 notes that were all missing their serial numbers, given normal production methods. That would require that 32 full sheets were missing their serial numbers (over 1000 notes!), to get one from each of the 32 sheets into a banded stack. If that many notes without serial numbers showed up at the same place, it would be far more likely that they came from a single sheet that was cut apart without going through the normal distribution process. That could be more-or-less confirmed by looking at the bills themselves, which would have notations showing that they came from different locations on whatever sheet they came from.

I have no knowledge of what actually happened in this situation, tho.

bluespaceant · February 26, 2007 11:47AM

Coxe · February 26, 2007 11:57AM

What a F***ing Idiot! First, the whole affair was recklessly brazen even if you are criminally inclined. Then he chose a CASINO to launder the loot......the state of the art for ubersurveillance, evidence retention, and zero tolerance. Mty question isn't how was he caught as much as how long did it take for the dogs to find the sheets inside the rolls of wrapping paper. I also cannot imagine how a single sheet of currency paper, printed or not, could leave their facility.

jonathanb · February 26, 2007 11:58AM

<< I cannot believe a guy like this will only serve only 9 months in prison. >>

If he was convicted of stealing an apple from the supermarket, would you think that 9 months was too much or too little?

Everything is relative. In my mind, 9 months is plenty of punishment for the amount he stole.

SmallSizedGuy · February 26, 2007 12:00PM

There are some old threads on this story in the Currency forum. Another issue that gave him away is that the notes were scissor cut with irregular edges and not machine cut like regular notes. The irregular edges helped show that they did not leave the BEP through normal channels.

Coxe · February 26, 2007 12:03PM

<< 

<< I cannot believe a guy like this will only serve only 9 months in prison. >>

If he was convicted of stealing an apple from the supermarket, would you think that 9 months was too much or too little?

Everything is relative. In my mind, 9 months is plenty of punishment for the amount he stole. >>

$67,200 is grand theft, no? If I cheated on my taxes fraudulently at that level, I am sure I'd be in the joint for more than a full term pregnancy.

I am sure there are ragpickers lamenting the potential of those partially printed sheets.

bluespaceant · February 26, 2007 12:09PM

<< 

<< I cannot believe a guy like this will only serve only 9 months in prison. >>

If he was convicted of stealing an apple from the supermarket, would you think that 9 months was too much or too little?

Everything is relative. In my mind, 9 months is plenty of punishment for the amount he stole. >>

9 months for an apple stolen from the supermarket is too much. That would be a misdemeanor in most jurisdictions anyways.

This guy stole over $67,000. If he had taken that out of your bank account, would you be ok with him just getting 9 months in prison? I wouldn't, even if every dime was paid back with interest.

FullStrike · February 26, 2007 12:53PM

You would think the knucklehead would use a paper cutter instead of a pair of scissors. But then anyone that would steal from the BEP has got to be a moron anyway.

By the way, Mid-Atlantic Coins, right here in little old Dover, DE got national press from buying a couple of the bills. I think someone got them from a local slots parlor and sold them to Mid-Atlantic. Pree publicity for Mid-Atlantic , even though the notes did turn out to be stolen.

Bochiman · February 26, 2007 2:59PM

<< What a F***ing Idiot! First, the whole affair was recklessly brazen even if you are criminally inclined. Then he chose a CASINO to launder the loot......the state of the art for ubersurveillance, evidence retention, and zero tolerance. Mty question isn't how was he caught as much as how long did it take for the dogs to find the sheets inside the rolls of wrapping paper. I also cannot imagine how a single sheet of currency paper, printed or not, could leave their facility. >>

No kidding! I would have gone to a strip club with them instead

ricko · February 26, 2007 10:57PM

OK Bochi...... You da man...

Cheers, RickO

Bochiman · February 27, 2007 3:18AM

<< OK Bochi...... You da man...

Cheers, RickO >>

Forum member's meeting at RICK's (in Seattle)....and I don't mean RickO's

kwmorgan · February 27, 2007 3:39AM

Sounds like that old movie "Who's minding the mint?". I still love that old movie, it was a hoot.

PhillyJoe · February 27, 2007 3:40AM

I'm sure part of the sentencing deal was telling the Feds HOW he got the sheets out of the building.

Anyone who remembers the movie "Who's Minding the Mint" (1966-7?) knows you use a rowboat in the storm sewers to get in and out.

joe

kwmorgan · February 27, 2007 3:44AM

<< I'm sure part of the sentencing deal was telling the Feds HOW he got the sheets out of the building.

Anyone who remembers the movie "Who's Minding the Mint" (1966-7?) knows you use a rowboat in the storm sewers to get in and out.

joe >>

Yup, with Milton Berle dressed up as George Washington in the boat thus looking like they're crossing the Delaware.

PhillyJoe · February 27, 2007 3:56AM

Also Jim Hutton, Joey Bishop, Bob Denver & Walter Brennan.

Joe

Casman · February 28, 2007 12:48AM

<< 

<< 

<< I cannot believe a guy like this will only serve only 9 months in prison. >>

If he was convicted of stealing an apple from the supermarket, would you think that 9 months was too much or too little?

Everything is relative. In my mind, 9 months is plenty of punishment for the amount he stole. >>

9 months for an apple stolen from the supermarket is too much. That would be a misdemeanor in most jurisdictions anyways.

This guy stole over $67,000. If he had taken that out of your bank account, would you be ok with him just getting 9 months in prison? I wouldn't, even if every dime was paid back with interest. >>

I had a client that got a year for a pack of AAA batteries....Oh ya, he had 32 prior convictions and an armed robbery going back to 1976. Sad thing was he worked for one of the Big 3, Is there still a big 3? Anyway, the guy was pulling in over 100G a year, but had a drug problem......

Treasury Dept. theft

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