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The only "Federal Reserve Boxes" I have ever heard of are in conjunction with a scam involving phony high denomination US treasury bonds, usually in the Philippines.

The U.S. Treasury has received hundreds of contacts about these bogus securities, commonly known as "Morgenthaus" as Robert Morgenthaus was Secretary of the Treasury in 1934. These "federal notes" are not currency, neither are they bearer bonds. They are in fact crude forgeries that appear to have originated out of the Philippines. The "story" being told is that the United States shipped them to Philippine freedom fighters in the WW II era to help with the war effort. Some "investors" have brought them to us in so-called "Federal Reserve" metal boxes, along with other related certificates, such as Global Immunity (file size 92K, JPG file uploaded 10/26/01), FDIC Insurance (file size 83K, JPG file uploaded 10/26/01), Gold Bullion (file size 123K, JPG file uploaded 10/26/01), shipping manifests and "gold" coins. These crude forgeries were likely made by inserting images of $100 dollar bills (Ben Franklin), $1,000 dollar bills (Grover Cleveland) and even $1 dollar bills (George Washington) into a computer program, then altering the amounts to read $100 million and $500 million, then adding coupons both in English and Chinese script. Most were then printed on modern color printers or copiers. These modern color printers or copiers did not exist in 1934 when these bogus notes are alleged to have been issued. The Treasury Department did not issue securities (bonds) in $100 million or $500 million denominations during the time period alleged in this fraud.

The photos that the above article is referencing can be accessed by going to the following web site:

2007-08-17 06:36:50 · answer #1 · answered by F. Frederick Skitty 7 · 0 0

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