September 18, 2008, - 11:17 am

North Koreans Take Page From Al-Qaeda: Try to Disrupt Vegas Casinos, U.S. Economy with Fake $$$

By Debbie Schlussel
In the past, I’ve written about how tens of millions of dollars of fake bank checks were cashed by Al-Qaeda operatives at various casinos in Vegas. The apocryphal checks were drawn on a branch of the Bank of America that didn’t exist. Omar Abdel-Fattah Al-Shishani was stopped by then-U.S. Customs agents at Detroit Metro Airport with over $10 million in the fake checks. It was all part of the Al-Qaeda plot to commit jihad on casinos and simultaneously cheat infidels.
Now the North Koreans are taking a page from the Al-Qaeda playbook. Brett Winterble, host of Covert Radio Show (and former Rush Limbaugh producer), sends this latest example, which he’ll be covering on his podcast show today. In studying for his Masters Degree studying national security issues, he did a study in 2005 on this:

Chen Chiang Liu dealt in counterfeit $100 bills authentic enough to trick bill validators installed in Las Vegas slot machines.

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A Las Vegas jury didn’t find his defense so convincing.
The 45-year-old man was found guilty Wednesday of coordinating the delivery and sale of millions of dollars worth of North Korean-produced “Supernotes,” a high-quality counterfeit currency.
After a seven-day trial, Liu was convicted of one count of conspiracy to sell, deal and pass counterfeit U.S. currency and one count of fraudulently passing and keeping counterfeit U.S. currency.
According to the U.S. attorney’s office, Liu transported the fake bills to Las Vegas and used them in slot machines. He played a nominal amount of money before cashing out and receiving authentic currency.
Liu met with an undercover FBI agent in March 2005 to negotiate the sale of the Supernotes. Between April and August of 2005, Liu delivered $2 million in bogus $100 bills to the agent. . . .
Liu’s wife, Teresa Liu, was also charged in the case. When authorities converged on the couple in Las Vegas in July, they found 301 Supernotes in Teresa Liu’s possession. But as the seven-day trial wound down, U.S. District Judge James Mahan ruled there was not enough evidence against the wife. . . .
During a subsequent search of Liu’s vehicle, agents found three envelopes containing 301 Supernotes hidden in a red shopping bag underneath clothes. . . . Agents also found $23,800 in genuine U.S. currency in Teresa Liu’s make-up bag.

Says Brett Winterble:

This is yet another example of North Korea committing an ongoing act of war against the United States, by counterfeiting our currency. They have a whole organization inside their diplomatic corps called “Bureau 39″– the entire purpose is to build criminal enterprises worldwide. They primarily traffic counterfeit U.S. dollars and high grade meth, which they move into Asia. They do both via diplomatic pouches, which is why the Russian Embassy in Beijing was involved.

Very interesting. If only the U.S. Customs Service–which did fine work in this area–was still around to investigate and stop these kinds of operations.

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8 Responses

If he worked for a foreign government that is an enemy of ours, I say hang him. We are far to easy on terrorists and enemy agents. If they commit a crime of terror and/or economic terrorism, they should be given the ultimate penalty.

FIVEOFNINE on September 18, 2008 at 11:58 am

Interestingly enough this reminds me of something.
Several months ago when Israel was invaded and the soldiers were kidnapped and the innocent civilians were killed a battle began that caused a lot of damage. I don’t remember which organization it was (PLO, etc.) that were handing out thousands of new 100 dollar US bills to non-Israeli citizens who had suffered damage as a result of the battles, but it hit the AP and MSM.
I remember seeing pictures on several different sights of the crisp bills being passed out. I also remember that several of the close-up propaganda pictures of those bills showed that they didn’t have an imbedded security thread. I speculated then (and now) that they were counterfeit. Although, I suppose, it could have been a trick of light or that the security threads just didn’t show up very well in the pictures.
Just food for thought…
V5

V5 on September 18, 2008 at 12:10 pm

V5:
It was Hizbullah that was passing American dollars out. I remember a radio commentator here in the US complaining that a year after Katrina the government had not yet reimbursed everyone in New Orleans, but Hizbullah had American dollars for those in Southern Lebanon the moment the fighting had ended.

I_am_me on September 18, 2008 at 1:24 pm

I am spitting mad that no one NO ONE has put Obama on the spot and asked him how he will handle the transition in power following KJI’s (likely) stroke. I don’t care about stock brokers, lipstick, or anyone√≠s personal emails being hacked. I care that a military junta could be in possession of nuclear arms in N Korea at this moment and hearing nothing but silence about it.

dm60462 on September 18, 2008 at 1:30 pm

North Korea does the same in Japan, to a HUGE degree.

Xoce on September 18, 2008 at 4:11 pm

Yeah, I heard about the 2005 investigation back then. And it’s not new.
The Axis powers, Soviets, Communists, and many folks here have tried it. And we can all thank Mr. Keynes and the FDR Administration for it. This is exactly what was meant by “fake money” in my last post here.
The hard truth is we have no “real” money. The Fed manages it, but there is no real gold or silver value behind it as there used to be. Yes; you can now buy gold and silver coins, but that’s the point – you “buy” money with money, rather than exchange at the bank for an exact amount the dollar is worth according to the standard.
And that is how conterfeit money works: it does the Fed’s job and increases the money supply higher than their “managed fiat money” inventories and numbers are. That means the fake money (all of it is fake, anyway) is lowered in value = inflation.
That is the attack. If inflation gets too high, the Federal Reserve will either denounce the fake bills and lower Treasury Bill confidence and Federal Bond worth, or they leave the money out there to raise prices. Either ruins the economy.
I know this is lengthy, but please bear with me.
There are two ways to overcome this, but only one is possible:
1. Declare the Federal Reserve bankrupt, liquidate assets of both the Reserve’s bank and gold deposits (previously stolen by FDR) to the banks. Return to the gold standard and allow capitalism to run itself. (Gov will never do this as Leftists will loose a lot of power.)
2. Individual families base their savings and investing on a foundation of Gold, Silver, and possibly Platinum and Palladium if they want.
If the enemy does succeed; your family will be safe.

bhparkman on September 18, 2008 at 4:20 pm

You can’t use enough ‘superbills’ to do any harm to the currency. Lehman Bros has already done a million times more damage.

John Harper on September 18, 2008 at 11:36 pm

You wanna see some crazy stuff, go to YouTube and type in “Kim Il Sung death”.

John Harper on September 21, 2008 at 10:41 pm

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