What do you do if you get a counterfeit bill? Can you take it to the bank and get a good one?
by 
loveschimps
ANSWERS: 7
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nope... you basically got screwed... you could contact the federal reserve, but they would put the red flag on you... not the person who gave it to you...
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From working in stores so long , I find unless you can prove you received the Bill from a bank or Boss , Store or other , your out of luck You might turn it in to the police , but I don't really think they can help you very much on this , except take a report + 5
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that is why i like to operate with credit cards.... no chance of getting slipped a phony when i only deal with a 20 here and there...
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I hate to say it-but you got-got. it is your loss. If you turn it in (ie.bank or police)they will take a report and have it destroyed. However, if you are in a situation where you couldn't afford the lost the only thing left is to pass it on.Now I in no way advocate that course of action I'm just telling you what your options are. I don't know what the punishment for knowingly passing a counterfeit bill is but I bet you it's alot. I believe the government takes a dim view on such matters.
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What To Do If You Find One… Do not return it to the passer. Keep it and write your name and the date on it so you can identify it later. Notify the nearest Secret Service office or police. Record who gave it to you along with where and when you got it. If you can, write down a description of the person who passed it, as well as information such as the license number of any vehicle used. What Happens Next? The counterfeit will be confiscated by the Treasury Department to remove it from circulation, and as evidence in the event of prosecution of both the counterfeiters and the counterfeit passers. This means that the discoverer loses the face value of the counterfeit turned in. Anyone who is convicted of passing counterfeit currency can receive up to 5 years imprisonment and/or a fine up to $10,000. Thus it is wiser to turn in a counterfeit bill, rather than try to pass it on to someone else. Only when everyone in the economy is concerned and willing to do their part in maintaining the currency's integrity will the circulation of counterfeits be stopped…and our currency's value insured.
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No, you're out the money, the piece of currency is worthless. This is to keep people on guard about counterfeit bills and also to keep the circulation down. If you were allowed to take a fake $100 bill to the Secret Service and get $100, it would certainly increase the amount of counterfeit cash.
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No your stuck...I would and have just passed it along but that's just me
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