It's all fake money.

Well hey the government just prints money all day long. Why not. At least it was Chase bank. For once the thieves got robbed.

For once? Banks get hit all the time.

well if the fed a non government agency can print money, then everyone should be able to. the US constitution states only the direct govt can print money. why do we allow the fed to be in existence if such is the case?

Poorly planned. How do you plead?

eric1964, Mary Jones-1616541

Wow, it warms my heart to hear such disdain for current monetary policy. People are waking up. As Dr. Paul stated,

Governments have power to declare paper to be legal tender, but they do not have power to make that money trustworthy.

People are losing trust.

Mario...

Blaming Bush has worked for 4 yrs. why not try one more time?

"most"

Mr. Lee -

This is about Sr. Pena, a not-so-smart New York criminal. Stay on point.

eric1964 said:

well if the fed a non government agency can print money, then everyone should be able to. the US constitution states only the direct govt can print money. why do we allow the fed to be in existence if such is the case?

I'm assuming you're just trying to be cute and you don't actually think that the Fed prints money, right?

Just in case, the Federal Reserve does not print money. Money is printed by the Treasury Dept, which is in the executive branch of the government. It concerns me that you might not know the difference, so instead I'll assume you were kidding! Haha, good one.

The Fed doesn't 'print' money but it can create money digitally. How do you think quantitative easing works?

Lee

Most people I know have been blaming Bush for the last 12 years and not just the last 4 years. When I heard Bush was the Republican nominee I said our country will go to sh!t real soon if he were elected. Then after his first term everyone I knew agreed that no one would be stupid enough to vote for him again after seeing how terrible a president he was......... Joke was on us though. Even Republicans agree that Bush was an idiot and F8ed us over.

Husband gets fake money from ATM, husband buys fake penis, gives it to wife who has a fake orgasm - everyone is happy.

Satanick said:

The Fed doesn't 'print' money but it can create money digitally. How do you think quantitative easing works?

No doubt, but eric up there was making it sound like they literally printed money. I wanted to make sure we all knew that it was a figure of speech derived from the Feds ability to regulate monetary policy.

Lately I've started getting the impression that people don't know what the Fed does.

Mr. Zim -

This is about Sr. Pena, a not-so-smart New York criminal. Stay on point.

What is all this anti-government talk? If you've lost faith in your money, give it to me. I haven't, and will gladly take that "FAKE" money off your hands.

There's no work ethic any more. How lazy do you have to be to counterfeit only one side of a bill.

GM Bill

Almost wonder whose/what picture is on front of fake "Bills"?

@Jack from Jax

probably his....

It would be hilarious if it was Alfred E Newman...... HA!!!

Gene Carlo Pena, 26, was taken into custody at Kennedy Airport around 4 p.m. after voluntarily returning to New York from the Dominican Republic, the FBI said.

Maybe life in the DR just sucks that much that prison in the U.S. sounds like a better option.

It was 11 grand. Hardly worth skipping Country.

Seriously 11 grand...was he planning on fleeing and living the rest of his days off 11 grand???? He really didn't think this through did he.

He'll be trying to escape through the air conditioning vents in the court house if he gets a chance. Don't let him go to the bathroom like his brother.

Just another excuse to raise the price of oil. Really!

Sounds like something my kid would try. He never thinks through a plan as to what will happen once his deed is found out, so he just lies and says he didn't do it. A bank customer using the ATM is going to go to the bank once they see they were given fake money. The bank is going to see the that the ATM is loaded with the fake cash, and will know who last touched the machine. Screwing up your life for such a small sum of money is ridiculous, and is hardly worth the small amount of enjoyment he got spending the money.

@Otto

stop using ATM's .....it's not that hard to just have some cash on hand "BANKS" need to be taken out of the equation as much as possible ....get some help and end your addiction

Yep, you did mention something about ATM Fees "going up", actually I think what you mean is ATM Fees will increase, but then not a damn bit of what you said makes any sense. Especially when one considers this Dominican fella only substituted $11,000.00; actually a "drop in a bucket" considering the cost of doing business. Wade-370300 has the right idea, the less we do business with these banks, as a form of protest, the more impact can be made in the area they respond to, "profits", ATM Fess are too high so do not use them, Credit Card rates are ridiculously high don't use one, get an "Pre-Paid Debit Card" and live within your means. If you really need the services of a financial institution then join a Credit Union. Credit Unions didn't ask for Bail Out Money from the Federal Government which took it out of our pockets which came from the money that feeds our families. We ALL complain about these greedy SOB's, WE NEED TO WORK IN AN ORGANIZED MANNER TO AFFECT A CHANGE, And the ONLY WAY that we can do this is to AFFECT THEIR EARNINGS, and to do that we need to make a LITTLE EFFORT And STOP PAYING THESE FEES BY NOT USING THESE SERVICES THAT ARE EASILY REPLACED ELSEWHERE. Get off your asses

This idiot who put the fake cash in ATMs did use two bank ATMs. Just saying not all ATMs are bank owned, anyone can own and operate ATMs.

use a debit card when purshaseing ....no fees, need cash? go to your own banks atm, again no fees...

I've never paid a fee on my credit cards, nor interest. Additionally, I get cash back; effectively I get paid to buy things that I already buy.

and what credit cards do you have? really, no fees at all?

myself i dont use the atm. i get cash out every week when i cash my check at the credit union. i also have only one credit card for cabelas, i just use it to order from that site, so i can get the bonus bucks and pay it right off so no interest.

Live below your means = No Debt. You can literately sign your life away, if you're not careful.

I use a Chase Liquid pre-paid debit card, which my paycheck is automatically deposited into every week. It's very easy to use, and much cheaper than any bank account. I pay a flat $5 fee every month, and have complete access to Chase ATMs with no fees, can use it anywhere Visa is accepted and I cannot overdraft it, so if the money isn't there, the charge is declined. Simple, easy way to manage my money and work on improving my credit since I was young, stupid and irresponsible up until a few years ago.

So why are you wasting $60 a year? I use credit cards that give me a rebate, free checking accounts & free ATMs.

yeah credit cards are the way to go as long as you're smart about them. I just use mine to buy what I would normally buy, gas, food, etc. I don't pay ATM fees, the businesses pick up the fees. Works for me.

djb-2494415 said:

and what credit cards do you have? really, no fees at all?

I never paid fees on my cards, but the cards can give them -- the card has no annual membership fee. You would need to overdraft (I opt out), use a competitor's atm (first few per month are refunded), blah blah blah. It's really easy to avoid fees.

On the other hand, Bank of America attempts to charge fees even when you don't provoke those fees, so I needed to go to a branch too many times to have them remove those fees. BofA is sneaky and tries to make you pay for things that you do not need to pay for, knowing that most people don't check their statements. I no longer do business with them.

Back East. People have been killed for less. You must be rich.

Mary I think the point was, if youre going to go up against the Secret Service...at least do it for more than the price of a used pickup.

Hi Mary... no, I'm not rich by any means... just a regular hard working guy... but I have morals. I'm not tempted by money.. But how much would you consider worth it to be spending 15 or so years behind bars? Or even 5 years??? What's YOUR time worth? And I know people would kill for less.. I've been to the middle east years ago... some would kill you for $5.00 ... because it's still way more then they would ever see. The news in this country sucks.. they don't even remotely report how some people live... not worth their time.

Thanks TGDS..

If you dislike the news of this country, use the internet to find a more suitable news source.

LoL - Back East- He only had enough ink in his printer for 11k

Why would a bank let a single individual put money in an ATM? Every ATM I've see serviced or loaded with money, there are two people doing it. One is the person working on the machine, and the other is an armed guard.

Sure Mike-1667539, Spanish name makes him illegal. geezzzzzzzzzzzzs

At least obama knows you have to print both sides of the bill when you are generating fake cash. ;-)

He could of printed up some winning votes for Obama on voteing machines. lol lol lol

He probably was given a job. He can print money AND work for less.

Yeah, He just found out that non citizens,illegals and dead people are not supposed to vote and that US citizens are only supposed to vote once.

pine

and actually believed it...whatta maroon ..............

GM Scooter

"...vote early and vote often" B & F Motto!

and mooschele is out today encouraging voters to vote early....BEFORE the debate......wonder why?.......:)

Only the Federal Reserve Bank can print as much fake money as they want and get away with it.

Department of Treasury. But good try. I love it when people bash the FED but have no @!$%#ing clue what they actually do. :)

evidently this bunch of bozos.....................

hey wait a minute - I liked the Bozo Show, when it was on TV...

where does it say he was an illegal alien? could have never been bonded if he was....

Libor Scandal - Bank of America, JP Moran Chase & Citigroup

'08 Financial Meltdown - Bank of America, Citigroup, Countrywide Financial, Goldman Sachs, JP Morgan Chase, Merrill Lynch

THEY ALL HAD TO UP THEIR CASH LOAD AGAIN!!!!!!!!!!!

He is illegal uh? you know what they say about assuming.just because people immigrates here from another country does NOT make them illegal. We are in 2012 and someone still have to explain this concept to you.yikes

Gene Carlo Pena, 26, was taken into custody at Kennedy Airport around 4 p.m. after voluntarily returning to New York from the Dominican Republic, the FBI said. He worked for a company that serviced the ATMs.

article does not 'splain why he voluntarily came back to US/JFK - makes one to ponder - "what the heck was Pena thinking"?

left the money behind i bet... but it says allot about the DR when your people would rather be in a U.S. jail. unfortunately it says allot about our jails as well.

I'd rather lose the $40 than be charged with passing fake bills...

Better yet, I would have appealed to the Secret Service officer and said if the bank didn't reimburse me for my loss, I'd request that charges be brought against them for using fake money to satisfy a transaction. It is their responsibility to make sure that the money coming into the bank is good.

Chris 3228391

Your comment of

my advice is if you come across phony money by accident, pass it off as fast as possible to prevent being burned

Then be prepared for having a "no notice" visit/interview from the Secret Service, for the crime of passing counterfeit $. I do believe jail time is not a good option.

That's why merchants try to spot counterfeit bills at their cash registers. If they could trade them for real money at the banks, they would have no incentive to do that.

Unless you can prove that the bank knew they were counterfeit and intentionally passed them off, then the bank isn't at fault and has no obligation to reimburse you, but for only forty bucks, the bank should have just taken the hit and traded for real bills both as a gesture of good will and a reward for notifying them.

Here's how ATM's work: They have hoppers that have stacks of bills in them. Once you put in your card to get money, the machine checks to see if you have funds in your account equal or higher then the amount you want to withdraw. If you ask for $100, the machine will count out five $20 bills and put them into a second hopper. That hopper has a bill verifier that looks at each bill to verify the denomination, which also checks that the bills are real. The bills are then spit out of the machine, into your money grubbing hands.

So unless the bills are really high quality counterfeits, it's very doubtful that the ATM had fake bills in them. I don't look at my money really close when I get it out of an ATM, so I would had just spent them and not worried about it. The small pet store I go to each week, checks each $20 bill with one of those pens. Every other business just takes them with just a glance. I'd be more concerned when getting change back from a business. The person ahead of you in line pays for their purchase with six $20 bills, and you see the cashier put the bills in her cash drawer. Say your purchase comes to $40, and you pay with a $100 bill or you use your debit card and want $60 cash back. When the cashier opens her cash register, you are going to get three $20 bills which they just got from the person ahead of you. If he passed counterfeit bills, you now have them. So unless you check them while still at the counter, you are SOL. Once you walk away from the counter, the store isn't going to believe that you got those particular bills from them. The same goes for the ATM. I'm pretty sure you aren't going to eat the loss if you gave someone five $20 bills you thought were good, who came back to you an hour later saying you gave them fake money.

There is a way to do that which protects both sides, esp in one of the states where foreclosures have to go through the courts. A friend did this.

Set up a corp that owns the property. Every time the buyer makes a payment, the buyer gets more shares. If the buyer doesn't pay, the corp can evict him. Otherwise, the seller would be stuck with having to bring a fioreclosure action, and the foreclosure courts are backed up.

Ha ha. That was so, um, dumb.

He ran outa ink before he could do the reverse side.....