Tuesday, October 25, 2011

Fraudsters have sold securities in Germany recovered from scrap metal coins for 6 million euros

German police arrested on the eve of the six people suspected of cashing euro coins recovered from scrap by about six million euros. This was reported today, the local press referring to the German prosecutor's office. Damaged coins officially sold in China as scrap metal, as separated by the outer ring and the core. Here they were restored by local craftsmen, and then crossed with the four flight attendants back to Germany, where he exchanged with the Central Bank at par on the bill. Presumably, the fraudsters were able to recover 29 tons of damaged coins, one and two euro, and exchange them between 2007 and 2010. Four of the six detainees were Chinese immigrants. Among the employees of the Central Bank of Germany is not suspected. The detainees are suspected of fraud and the issuance of counterfeit money. Source: M3-Media

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