Poker Room uncovers fake $100 bill
April 8, 2008
Would you know the difference if you were handed a counterfeit bill?
A patron at The Poker Room on Racetrack Road in northwest St. Johns County will be more careful in the future.
Last night at about 11:00, Deputy Steven Lay responded to a call from the Security Supervisor at the Poker Room reporting that a patron was suspected of attempting to pass a fake $100.00 bill to a dealer on one of the casino’s poker tables.
Using a currency pen, the supervisor determined that the bill tested counterfeit.
The customer told Deputy Lay that he won $700 at one of the poker tables. He said the table was closed and that he moved to another table. The new table only allowed a maximum of $100 in chips at the table, so he went to the cashier and cashed in his chips.
The customer stated that the cashier gave him five $100 bills, two $50 bills and he kept $100 worth of the chips that he already had — then he joined a new game at a new table.
After the customer lost all his chips, he “bought in” with the bills; using the one that turned out to be counterfeit first. The customer stated that the dealer scrutinized it, but accepted the bill. He stated that he was not concerned because it came from the cashier.
A review of the surveillance video by Poker Room personnel appeared to corroborate the customer’s story and he was not detained further.
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The $100 bill is the one which is counterfeited the most, and is the reason the new $5 bill was designed and is now in circulation (looks like Monopoly or 3rd World currency!). There are numerous convenience stores, small businesses and restaurants around the world, including in the U.S., which will not accept the $100 bill - you have to get them “broke” at a bank.
The old $5 bills had the same “invisible” security codes as the $100, and people were bleaching them and reprinting for a quick $95 profit!
The amount of counterfeit U.S. currency discovered in circulation in 2003 was $36.6 million, rising to $62 million in 2006. On average one in one hundred U.S. bills, out of the $770 billion total U.S. dollars in circulation, is counterfeit.
Source: U.S. Treasury
Having worked on a casino floor I can tell you that there is always the possibility this sort of nightmare will happen.
I was sharing this story with a friend this afternoon and we decided it was almost like “musical chairs”. Whoever was the last one holding the bill was out!
I’m sure the guest was embarrassed as was the security supervisor after the surveillance video was reviewed. The “eye in the sky” doesn’t miss much, even in a small joint like the Poker Room.
I am SO taking my own currency pen when I go
dun…just ask for your winnings in change.