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$1,000,000 Bills Don’t Exist!

Posted By Jim On 02/16/2006 @ 7:01 pm In General | 5 Comments

Unfortunately, no one told eight people in southern Japan who paid out over 150 million yen, or $1.27 million USD, to be a part of an “investment deal” where they’d get a return of 10 times their investment. The deal involved rare $1 million dollar bills that were issued in 1928 to let Americans bring their assets home and featured a picture of President George Washington at a Tokyo hotel… except the bills were fake, the story fabricated, and now three of the eight have filed for personal bankruptcy.

Tips to avoid getting scammed like this:
1. Try to find out if what you’re investing in actually exists. If it doesn’t, then it’s a scam. If it does, then it’s probably still a scam. (the largest bill the US Treasury ever printed was $100,000 [link [3]] back in the 1930s and it featured the face of Woodrow Wilson)
2. Don’t believe pictures, Photoshop can do wonders like make me look like a supermodel.
3. There is no such thing as a get-rich-quick scheme, unless you’re running it. And if you’re running it, you’re a scumbag and should die.

via the Associated Press [4].

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[3] link: http://www.frbsf.org/currency/world/nocirc/m2.html

[4] Associated Press: http://news.yahoo.com/s/ap/20060216/ap_on_fe_st/million_dollar_bill;_ylt=ArOw8BYUehCJs5epVXdyqlas0NUE;_ylu=X3oDMTA3NW1oMDRpBHNlYwM3NTc-

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