Fake P1,000 bills spreading, police warn

Posted at 03/12/13 8:50 PM

MANILA - Fake P1,000 bills have been spreading in Metro Manila, the Ilocos Region, and the Southern Tagalog Region for the past 3 months, police warned Tuesday.

Police issued the warning to the public after they arrested 7 suspected members of a counterfeiting syndicate in Pasay City on March 4.

The alleged gang members yielded 90 pieces of fake P1,000 bills, according to police Senior Superintendent Rodolfo Llorca.

He said the fake bills were already distributed by the group in the National Capital Region, Ilocos, and Southern Tagalog.

"Accordingly, counterfeit money were believed to be in Maharlika Area, Taguig City and were sold to the group of a certain JR and Roy, both residents of Daang Hari, Taguig City, in the amount of P300 per (each fake) 1,000 peso bill," Llorca added.

Chief Supt. Generoso Cerbo Jr.,  spokesman of the Philippine National Police, urged the public to help authorities in going after  counterfeiting syndicates through telephone numbers 7255115 or 7253179, by email at [email protected], or through PNP Hotline "I-TEXT MO KAY TSIP" 0917-8475757 and PNP TXT 2920.