October 13, 1997 in Nation/World

4 Men Arrested In Egypt Trying To Sell $1 Million Bill

 
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The U.S. Treasury doesn’t print $1 million bills, but that didn’t stop four men from trying to sell one for the discount price of $650,000.

Egyptian authorities working off a tip located and arrested a businessman and three lawyers who were selling the bill, the daily Al-Akhbar reported in its Monday editions. It said the arrests were made in Cairo, but did not say when.

The bill came with a certificate testifying to its authenticity. But the newspaper said it also carried a disclaimer in small print at the bottom, saying it “does not present any financial obligation to the U.S. government.”

Counterfeiting of dollars is common in Egypt, but is usually restricted to $100 bills.

The United States at one time had a $1 million bill, but the highest denomination is now $100.


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