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COLORADO TREASURERS ASSOCIATION Westminster, CO October 13, 2010 Presented by Michael Caldwell, CFE, CPP Caldwell &

COLORADO TREASURERS ASSOCIATION Westminster, CO October 13, 2010 Presented by Michael Caldwell, CFE, CPP Caldwell & Co., Inc. CRIME TRIANGLE. Opportunity Need Conscience 10 - 80 - 10 Rule.

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COLORADO TREASURERS ASSOCIATION Westminster, CO October 13, 2010 Presented by Michael Caldwell, CFE, CPP Caldwell &

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  1. COLORADO TREASURERSASSOCIATIONWestminster, COOctober 13, 2010Presented byMichael Caldwell, CFE, CPPCaldwell & Co., Inc.

  2. CRIME TRIANGLE Opportunity Need Conscience 10 - 80 - 10 Rule

  3. FOUR ELEMENTS OF A FRAUD • Criminal Intent • Disguise of the Criminal Intent • Exploitation of Human Traits (goodness, fear) • Voluntary Participation by the Victim

  4. MONEY Money – commodity to credit Standard of Value Medium of Exchange Acceptability Store of Value

  5. EVOLUTION Commodities Paper Currency Plastic (credit/debit cards), ATMs, POS Electronic Transactions

  6. COUNTERFEITING CURRENCY “Counterfeiting is an offense never committed by accident, nor by ignorance, nor in the heat of passion, nor in the extreme of poverty. It is a crime expertly designed by one who possesses technical skill and lays out substantial sums for equipment.” Robert H. Jackson (1892-1954) Associate Justice, US Supreme Court

  7. CURRENCY Colonial Notes 1775 Continental Currency State Bank Notes 1862 “Greenbacks” 1866 National Bank Notes 1877 Bureau of Engraving and Printing 1878 Silver Certificates 1913 Federal Reserve Act & Federal Reserve Notes 1990 Security Threads & Micro-printing

  8. COMMON COUNTERFEITING • Counterfeit Coins • Engraved Plates • Photocopying • Computer Scanning • Raised Notes • Washing and Reprinting

  9. OLD MONEY Damaged ? Worn Out

  10. KNOW YOUR MONEY • Paper • Portrait • Watermark • Color-Shifting Ink • Security Thread • Serial Numbers • Series Year • Check Letter/Quadrant Number • Face Plate Number • Back Plate Number

  11. HOW TO DETERMINE • Compare to another bill • Ask a co-worker and/or supervisor • Counterfeit currency detection counters • Pens

  12. WHAT TO DO • Do Not return it to the passer • Contact Local Law Enforcement • Contact US Secret Service • Contact Financial Institution • Do not handle the bill unnecessarily (protective covering)

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