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Go Back   Cheap Ass Gamer > Forums > Video Game Discussions > CAGcast & CAG Foreplay Video Game Podcasts > Your Man In Japan > 8 Japanese Duped Over Fake $1,000,000 Bill
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Your Man In Japan - Holy crap, CheapyD moved to Tokyo! Follow his adventures in Japanese gaming & culture.

8 Japanese Duped Over Fake $1,000,000 Bill

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Old 02-16-2006, 04:56 AM   #1
8 Japanese Duped Over Fake $1,000,000 Bill

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Via ed Gaijin

8 duped in scam involving fake $1-million bill

Eight people in Kumamoto Prefecture were duped into investing 150 million yen ($1.3 million U.S.$) in a scheme that involved several "rare" $1-million U.S. bank notes--a denomination that doesn't even exist.
http://www.asahi.com/english/Herald-...602150353.html
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Old 02-16-2006, 05:15 AM   #2
Quote:
Originally Posted by CheapyD
Via ed Gaijin

8 duped in scam involving fake $1-million bill

Eight people in Kumamoto Prefecture were duped into investing 150 million yen ($1.3 million U.S.$) in a scheme that involved several "rare" $1-million U.S. bank notes--a denomination that doesn't even exist.
http://www.asahi.com/english/Herald-...602150353.html

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Old 02-16-2006, 05:46 AM   #3
Wow...
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Old 02-16-2006, 06:53 AM   #4
This is the Western equivalent of investing in Infinium Labs
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Old 02-16-2006, 07:02 AM   #5
They should have printed out a few 1 million dollar bills from their computer, and given it them (computer paper and all).

Have provisions on the contract that says "1 million dollar bill is not legal US tender" :p
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Old 02-16-2006, 08:11 PM   #6
Quote:
The largest U.S. bank note ever printed was for $10,000.
Wow, I didn't even know we went up that high.
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Old 02-16-2006, 08:14 PM   #7
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Old 02-16-2006, 08:31 PM   #8
Quote:
The largest U.S. bank note ever printed was for $10,000.

they need to do some fact checking





Thats Woody Wilson for those that are curious
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Old 02-16-2006, 11:48 PM   #9
Quote:
Originally Posted by Ikohn4ever
they need to do some fact checking





Thats Woody Wilson for those that are curious

Well, if you read up about that $100,000 bill, you'll learn that it was never released in the public and was only used as a Bank Transfer Note meaning only the Federal Reserve Banks used these large bills. Now, the $10,000 bill is the largest bill that is(was) available to the public. "In 1945, the Bureau of Engraving and Printing stopped printing notes with denominations greater than $100."

http://www.frbsf.org/currency/world/show.html
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Old 02-16-2006, 11:58 PM   #10
Quote:
Originally Posted by Dkellar
Well, if you read up about that $100,000 bill, you'll learn that it was never released in the public and was only used as a Bank Transfer Note meaning only the Federal Reserve Banks used these large bills. Now, the $10,000 bill is the largest bill that is(was) available to the public. "In 1945, the Bureau of Engraving and Printing stopped printing notes with denominations greater than $100."

http://www.frbsf.org/currency/world/show.html
If I remember right from my tour of the Federal Reserve, they stopped printing the higher denominations as a prevention to organized crime. It's a lot more suspicious to carry around and deal hundreds of thousands of dollars in a briefcase full of "small" bills than it is to carry a small wad of $10,000 bills.
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Old 02-17-2006, 12:48 AM   #11
Quote:
Originally Posted by lionheart4life
If I remember right from my tour of the Federal Reserve, they stopped printing the higher denominations as a prevention to organized crime. It's a lot more suspicious to carry around and deal hundreds of thousands of dollars in a briefcase full of "small" bills than it is to carry a small wad of $10,000 bills.
Well, I can see why the Federal Reserve would not want extremely large bills in circulation due to counterfeiting.
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Old 02-17-2006, 12:48 AM   #12
Obviously the Japanese haven't heard about who ran off with it...

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Old 02-17-2006, 01:12 AM   #13
Somebody tried this at Walmart, too.
http://www.thesmokinggun.com/archive/fakemillion1.html
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Old 02-17-2006, 01:50 AM   #14
Quote:
Originally Posted by Dkellar
Well, if you read up about that $100,000 bill, you'll learn that it was never released in the public and was only used as a Bank Transfer Note meaning only the Federal Reserve Banks used these large bills. Now, the $10,000 bill is the largest bill that is(was) available to the public. "In 1945, the Bureau of Engraving and Printing stopped printing notes with denominations greater than $100."

http://www.frbsf.org/currency/world/show.html


but the statement said the 10,000 was the largest printed, when the 100,000 was printed and was legal tender
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Old 02-17-2006, 09:29 AM   #15
That's just crazy.
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Old 02-17-2006, 02:48 PM   #16
Greetings of the Season to you, I have a daughter in Nigeria that is going to college that needs a notebook, please give me all your notebook and virginity and I will western Union you a large sum!
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Old 02-17-2006, 03:12 PM   #17
Quote:
Originally Posted by Stuka
Obviously the Japanese haven't heard about who ran off with it...

Is it just me or does every thread on this forum have a Simpsons or Shenmue reference?
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Old 02-17-2006, 03:29 PM   #18
Quote:
Originally Posted by Ikohn4ever
but the statement said the 10,000 was the largest printed, when the 100,000 was printed and was legal tender
No someone took care of the $100,000 in this thread. The 100,000 was never released to the public and if you look at the $100,000 bill it says gold certificate on it.

Anyway wow the Japan and walmart thing are just great. The walmart one is great. Does she not understand how large that amount of money was.
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Old 02-17-2006, 03:58 PM   #19
"Is it just me or does every thread on this forum have a Simpsons or Shenmue reference?"

No idea what you're talking about, Thorbahn.

Now then, can anyone tell me where I might find some sailors?
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Old 02-17-2006, 04:56 PM   #20
Some local store called the FBI when someone used a $2 bill, took days before they were released from prison.
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