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    Fake Renminbi Racket Dispelled: 38 Printers Used, Costs Less Than $1 Per Note

    Chinese fake note racket producing fake notes using photoshop and printers arrested

    upchina
    by upchina

    Community Contributor

    Police have recently raided a fake currency racket from a residential building in Guiyang, capital city of southwest ‪‎China‬’s Guizhou Province. Four suspects have been arrested for allegedly forging Chinese banknotes with 38 printers and Photoshop techniques since this April.

    The suspects confessed that the fake currency only costs RMB 1 (nearly $0.16) per print. The values of fake notes that the gang has produced and sold in the past few months are over RMB 3 million (around $ 476,000), giving the racket an illegal income of over RMB 200,000 (around $32,000).

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