Get the scoop on finance - sign up for mobile alerts
Fintech
| On
September 14, 2024

Fake $100 Bills Spew From Bank’s ATM As Customers Receive Paper Marked For ‘Motion Picture Purposes’: Report

By Mark Emem

Customers at a billion-dollar bank say they’re shocked after a worthless trip to the ATM.

More than a dozen people received fake $100 bills marked “for motion picture purposes” and “in props we trust” when they visited an Independence Bank ATM in Providence, Kentucky, reports the NBC-affiliated news station WFIE.

ADVERTISEMENT

Among the victims is Tiffany Vaugh, who withdrew $400 in $100 bills and realized the money is phony when she tried to spend it.

“It wasn’t just me. It was several people that went to that bank and pulled out $100s. It was just the $100 bills, it was none of the other cash.

It felt real, it looked real, just like a crisp new $100 bill.”

In a statement, Independence Bank says it will “continue to work with our ATM vendor and our customers to assure corrective action.”

ADVERTISEMENT

“Over the Labor Day weekend, Independence Bank was made aware of a limited number of customers receiving counterfeit bills from our Providence ATM. Our team took action immediately by closing the ATM and contacting our vendor that manages and maintains our machines.

We began directly contacting the 14 people inconvenienced over the holiday weekend and have started the process of ensuring they receive proper bills.”

The U.S. Secret Service last year seized $21.8 million in counterfeit currency, according to the agency’s report for the fiscal year 2023. The Treasury Department estimates that between $70 million to $200 million of the US dollars in circulation are counterfeit bills.

Independent Bank currently boasts of more than $3 billion in total assets.

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
&nbsp
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

ADVERTISEMENT