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Crime Stoppers warns counterfeit money is on the rise in East Tennessee

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News Tech: Authorities in East Tennessee are alerting locals to the presence of counterfeit money in the area.

Sadly, while frequently what occurs is that they don’t realise it until the individual brings it to the bank and the bank informs them that they have counterfeit money, according to Stacey Payne with ETVCS.

The East Tennessee Valley Crime Stoppers claims that fake currency can go unreported for extended periods of time and is typically only discovered at the bank.

There have been four instances of fake money being used at establishments in the area so far. Crime Stoppers asserted that they are certain there are private sale situations that get unreported, though.

Multiple bills with the same serial number and/or if they lack ridges are warning signs of counterfeit money. The watermark should only be seen when the money is held up to the light, thus if it can be seen on the currency, it is probably phoney.

“If taking in money, take a look at it. It only takes a second to rub your finger across the bill to see if there are any ridges,” Payne explained. “It takes a moment to see if there’s a watermark.” People who feel they have been scammed with counterfeit cash are urged to contact law enforcement.

“You need to contact your bank. They can help you determine that and local law enforcement because that money will be taken in,” Payne said. “We want all of the information about that.”

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