Story Archive

Seems Legit

The bearer bond that Hugo Barrios Briceno, 50, was trying to cash in Ft. Lauderdale, Fla., looked fairly impressive. It bore the portrait of President Grover Cleveland, for instance. The problem: Cleveland was president from 1893 to ’97, but the bond was supposedly issued in 1934. Its paper had security threads ...which weren’t invented in 1934. Plus, it appeared to have been printed on an ink-jet printer. And, well, the face value was $1 billion; in 1934, the largest issued bearer bond was $10,000, and at no time in history has a $1 billion bond been issued. Not surprisingly, Briceno has been arrested on fraud charges. (RC/South Florida Sun-Sentinel) ...No surprise that bail in the case is noted as “Cash only.”
Original Publication Date: 18 September 2016
This story is in True’s book collections, in Volume 23.

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