U.S. authorities have seized 250 counterfeit bank notes in billion-dollar denominations from a man who smuggled money into the country. The 250 bogus Federal Reserve notes had dates and were stained to make them look old, but no such currency exists, according to a U.S. Immigration and Customs Enforcement spokeswoman. According to The Associated Press, the man has been charged with cash smuggling, but no charges have yet been filed in connection with the1934 issue counterfeit notes. "A billion is a substantial number. We want to ensure that no one was duped or fleeced by the passing of these documents," the customs spokeswoman said.

In 2001, a man bought a sundae at a Dairy Queen in Danville, Kentucky using a phony $200 bill--with George W. Bush on it--and received $198 in change. The back of the bill featured a picture of the White House with lawn signs saying things such as "We like broccoli".

- posted by Jason @ 12:12 PM