Printer Friendly

Warning over fake money.

FOUR Liverpool men were at the heart of a fake money scam, which threatened to undermine the economies of both Britain and America.

Detectives from the National Crime Squad have revealed that bundles of the bogus notes could still be in circulation, with some on the streets of Merseyside, despite the jailing of Britain's biggest-ever counterfeiting ring.

Today the gang of eight, including David Harper, of Tuebrook and Robert 'Dwayne' Whittaker, of Toxteth, were starting jail sentences totalling more than 20 years.

Ishwar Daryanani, of Woolton, was earlier given a suspended prison sentence for his involvement and a warrant is out for the arrest o f Karl Egington, of Wavertree.

The racket, which had lasted two years, was smashed after a Bank of England official found one of the counterfeit notes at a sorting office in May 2001.

Equipment used by the sophisticated operation was capable of churning out up to pounds 250,000 a day in fake currency and travellers' cheques.

Officers have no idea exactly how much counterfeit cash was produced before they busted the gang.

Detectives from the National Crime Squad enlisted the help of the American Secret Service to find the gang responsible for flooding Britain a n d America with fake notes. Officers raided ringleader Anastasis Arnaouti's printing premises and recovered pounds 2.5m of counterfeit pounds 10 notes, $3.5m worth of fake $100 bills plus stolen hologram reels used to make $3.6m of American Express travellers' cheques.

Arnaouti was caught on camera in a T V investigation in which undercover journalists posed as gangsters.

Det Supt Nick Lewis of the National Crime Squad said: 'This investigation has brought down a highly organised and extremely successful criminal organisation. It's the biggest enterprise of its kind we have ever come across
COPYRIGHT 2005 MGN Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Liverpool Echo (Liverpool, England)
Date:Jun 14, 2005
Words:297
Previous Article:Teen gang beat man.
Next Article:Van driver tells of M-way stone attack.


Related Articles
City scam warning on fake Asda vouchers.
Beware scam.
Hitler's 'self-portrait' may be a fake.
Computer users 'tricked' by fake security.
Computer users 'tricked' by fake security.
Computer users 'tricked' by fake security.
London 2012 may become 'Crime Olympics'.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters