In Search of Genuine DigiCash
John Young
jya at pipeline.com
Tue Aug 16 10:38:36 PDT 1994
Responding to msg by mpd at netcom.com (Mike Duvos) on Tue, 16 Aug
9:21 AM
>Ordinary counterfeiting is analog. Close inspection
>will always reveal differences which can be used to
>distinguish fake money.
However, NY Times Monday reported in long front-page article on
spread of digitized forged checks, including dupe of magnetic
ID.
Quotes:
"The proliferation of desktop publishing has brought a new
growth industry, the counterfeiting of virtually undetectable
fraudulent checks, and banks and law enforcement officials say
the cost to the economy could reach $1 billion this year.
* * *
The American Banking Association says [this] is the No. 1 crime
problem facing banks.
* * *
It is much easier counterfeiting checks than cash."
End quotes.
Says center of activity is California but has spread to all
parts of the US.
-------------------------------
My standard pitiful offer to send this article upon email
request.
John
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