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| Topic: |
Biographies
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| Number of pages / Number of words: |
3 / 730 |
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This conspiracy was regarded by the fiscal authorities as a threat of the highest order to the banking system. It also involved the production of counterfeit notes on an industrial scale and was organised by dedicated and resourceful criminals."
He added: "The impossibility of estimating the number of notes that might emain in circulation is in itself an indication of the effectiveness of the counterfeiting...
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That, he said, was why the forgers found it necessary to spread production across a number of sites. But despite its size, most of the work was carried out in a tiny east London print works, no bigger than the average-sized living room.
Beside the sterling notes, ?1,367,550 in counterfeit ?50 notes was recovered...
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