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To: Les H who wrote (118958)8/30/2001 4:29:50 PM
From: Les H  Respond to of 436258
 
day traders plan work stoppage

money.iwon.com

Argentina

businessweek.com



To: Les H who wrote (118958)8/30/2001 4:31:32 PM
From: who cares?  Read Replies (1) | Respond to of 436258
 
Aplogies if this has already been posted.

"It isn't surprising that - according to Europol - Russian, Italian and Balkan crime syndicates are now intending to drop the 100-dollar US note as their currency of choice in favour of the euro next year."

thesun.co.uk

EUROPE is to be flooded with a tidal wave of fake euro notes in the biggest money scam ever, crime experts warned last night.

Gangsters from Italy, Russia, the Balkans and Syria are poised to cash in as the single currency turns the Continent into a gangsters' paradise.

The enormous sting could potentially see up to £210 BILLION of forged and laundered notes and coins circulating in euroland.

Master criminals will use two methods to make fortunes when the euro becomes the official currency of 12 countries including Germany and France on January 1, 2002.

They will print near-perfect counterfeit euro notes that their lackeys will exchange at bars, restaurants and shops while punters are still adjusting to the look and feel of the new currency.

Gangsters will also exchange phoney marks and francs for euros in hard-pressed banks amid mayhem caused by millions of citizens queuing to swap their old money.

The forgery boom will also trigger a surge of illegal drugs, guns, stolen cars and counterfeit goods being peddled across Europe as gangs rush to spend their profits.

Mark Tantam, financial crime specialist at accountants Deloitte & Touche, said last night: "The advent of the euro is the biggest shot in the arm for organised crime since the sale of alcohol was outlawed in the US.

"It isn't surprising that - according to Europol - Russian, Italian and Balkan crime syndicates are now intending to drop the 100-dollar US note as their currency of choice in favour of the euro next year."

US author Jeffrey Robinson, who wrote The Laundrymen book about counterfeiting, branded euroland politicians the "morons of Brussels" for allowing a 500-euro note to be printed - the equivalent to £315.

He stressed this would allow criminals to put £1million in euros into a single briefcase, making it much easier to move "dirty money" around in order to launder it.

Mr Robinson said: "It's the height of insanity for law enforcement. There will be tidal waves of counterfeit euros. It will be a Disneyland for organised crime."



To: Les H who wrote (118958)8/30/2001 4:53:16 PM
From: yard_man  Respond to of 436258
 
it's a joke -- the IMF is still projecting better than 3% growth next year