Spanish Police Bust Bulgarian-Romanian Counterfeiters Gang
Crime | September 4, 2007, TuesdaySpanish police busted on Tuesday a crime ring specialising in counterfeiting euro bills in Madrid, seizing more than EUR 400 000 of counterfeit currency in the process, daily El Pais reported.
The gang had ten members - six Romanians and four Bulgarians. The Bulgarians were counterfeiting and bringing the money into the country, while the Romanians were placing the bills, most of them of the EUR 200 denomination.
Spanish police have been tracking the gang since February, after discovering an increase in the number of counterfeit EUR 200 bills in the city.
The bills were made in Bulgaria and smuggled into Spain in hidden compartments in cars. The fake bills have been seized over the past days, when the Bulgarians were stopped at the border, trying to bring the money into the country.
The counterfeit currency was of the highest standards, displaying most of the protective features, and undetectable except by the most sophisticated devices.
The four Bulgarians, who lived in the Madrid suburbs, were identified as Ivan M. Y., aged 40, Dimitar J.K., 39, Georgi V.V., 50, and Tocho T.B., 54. Three of them had Spanish residence permits.
The gang had ten members - six Romanians and four Bulgarians. The Bulgarians were counterfeiting and bringing the money into the country, while the Romanians were placing the bills, most of them of the EUR 200 denomination.
Spanish police have been tracking the gang since February, after discovering an increase in the number of counterfeit EUR 200 bills in the city.
The bills were made in Bulgaria and smuggled into Spain in hidden compartments in cars. The fake bills have been seized over the past days, when the Bulgarians were stopped at the border, trying to bring the money into the country.
The counterfeit currency was of the highest standards, displaying most of the protective features, and undetectable except by the most sophisticated devices.
The four Bulgarians, who lived in the Madrid suburbs, were identified as Ivan M. Y., aged 40, Dimitar J.K., 39, Georgi V.V., 50, and Tocho T.B., 54. Three of them had Spanish residence permits.
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