More fake Japanese yen notes 'exchanged' in Manila

Posted at 03/06/2009 3:40 PM | Updated as of 03/07/2009 1:44 AM

A woman sought police help after being "Sweet talked" by a suspected Japanese yen counterfeiter in Sampaloc district, Manila.

Lucita Soriano filed a swindling complaint against a certain Ester Quiambao for allegedly duping her into buying 19 pieces of fake Japanese yen notes.
Soriano told the Manila Police District (MPD) that Quiambao contacted her last February 1 through phone and inquired about the apartment that she was selling.'

The following day, the woman met with Soriano and expressed her intention of buying the apartment. In her complaint, Soriano said Quiambao insinuated throughout their conversation that she had the money to pay for the apartment.

During the long talk, Soriano was convinced by the woman to exchange her US$2,000. However, when Soriano handed over the peso to the suspect, she was given 19 pieces of Japanese yen notes.

It was only at the Sunshine Money Changer in Sampaloc when Soriano realized that she had been duped by the woman. The money changer told her that the Japanese yens were fake.

Police are now hunting down the woman described by the complainant as mestiza-looking and aged between 55 years old and 60 years old.

'Japanese Supernote'

In an earlier report, Japan authorities are looking into the possible distribution of high-quality fake 10,000-yen notes in Manila.

This was after news reached Japan that a Filipino tried to slipl three fake 10,000-yen notes to a money changer in Manila in December 2008.

In its March 5 issue, the Mainichi Daily News quoted Japanese currency expert Tomohiko Endo as saying the newly discovered fake yen is “the highest quality counterfeits ever seen.”

Endo told the Mainichi daily that the notes are “several levels above” compared to those produced in North Korea and “go beyond the limits of commercial printing equipment.”

The currency expert told the paper that the counterfeit yen are “extremely high quality” and may be able to avoid detection by banks and “may be able to pass through ATMs.”

“It looks as though the Japanese Supernote has finally arrived,” Endo told the Mainichi paper.

The paper said the notes, at first glance, can pass as the real 10,000-yen note. It said the only distinguishable defects of the notes are the quality of the hologram and watermark.

Experts consulted by Mainichi said the fake yen notes are produced with a latest technology copier.

With the discovery, Japanese police are now on alert to prevent the notes from being smuggled into their country, the Mainichi daily said.


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