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£2.5m fake money gang face prison
Benedict Moore-Bridger3 Mar 2009
A GANG of counterfeiters who set up a multi-million-pound banknote forging operation in a pensioner's home are facing jail today.
The eight-man team produced at least £2.5million in fake £20 notes and euros during the year-long fraud. The Serious Organised Crime Agency watched their activities for months before swooping in October 2007.
The forged notes were made with imitation foil badges and strips and embossed holograms.
A jury at Snaresbrook crown court took nearly 10 hours to acquit three men. But eight others, including Dennis Hancox, 83, of Chiswick, and Donald O'Flynn, 67, of Dunstable, admitted counterfeiting before the trial. They will be sentenced on 27 March.
Jurors heard the notes were printed in Glasgow in October 2006, before being foiled and finished at Hancox's home.
Sheriff Oki, 29, of Walthamstow, acted as the IT expert who set up the machine and computer at Hancox's home.
Reader views (4)
sure aint the federal reserve and the bank of england going to or already are all ready printing new notes that are not backed by gold reserves and can only cause hyper inflation like is happening in zimbawbe.people will always make money and some will get convicted of commiting a crime while others will get into government and get away with it.
- Owen Mulhall, london uk, 03/03/2009 22:09
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If anybody is interested I am a pensioner.
- David., Chertsey.UK., 03/03/2009 18:53
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Trying to get into Gordon's act. Can't have that now can we ?
- John Smith, London , England, 03/03/2009 16:20
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Thery never made an honest penny in their lives and now they are going to spend years behind bars. Brillaint. You couldn't make it up
- Keith Price, Luton, England, 03/03/2009 15:53
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