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Money Buzz 10/02

Detecting phony currency, a federal bill to loosen the tight capital market and more

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This story appears in the October 2002 issue of Entrepreneur. Subscribe »

Spot a Fake

It takes more than a good eye--or your average currency tester-to spot a fake bill these days. Counterfeiters are taking advantage of modern technology to turn out bogus money that's capable of acing tests that check paper and ink quality. "Then, when the money is deposited, the bank scans it and tells the business 'You had $400 in counterfeit money,' and the business is out that amount," says Anna King, director of marketing for Miami-based Computip.

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