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Slot Machine Counterfeiter Convicted

The man who attempted to defraud slot machines in several Las Vegas casinos has been convicted. According to Nevada news sources, Chen Chiang Liu was found guilty of fraudulently passing and keeping counterfeit U.S. currency and also conspiring to sell, deal and pass counterfeit U.S. currency, one count apiece.

The U.S. attorney’s office stated that Liu took delivery of and attempted to sell many millions’ worth of dollars of phony American currency that was so authentic-seeming, it could fool the bill validators in casino slot machines. Officials say that the so-called “Supernotes” were produced in Communist North Korea and infiltrated into the U.S. economy by the coordination of criminals like Liu. The FBI set up a sting which caught Liu in the act of selling two million dollars in one hundred dollar Supernotes to an undercover officer. Liu explained that the fake money was delivered by sea, because he had an in with a few customers officers in the Southern California ports where the cargo was to be delivered.

When Liu was arrested, he was in the process of using thousands of dollars in Supernotes to defraud slot machines in Las Vegas, along with his wife, Teresa. The Caesars Palace casino got in touch with federal officials after they found many fake bills in slot games throughout the casino. Surveillance footage caught Liu in the act – and his use of his casino loyalty card confirmed the suspicions.

Liu tried hard to backpedal, claiming that he had received the booty as part of a thirty thousand dollar personal loan payback from “a friend,” but authorities did not fall for the poorly-constructed ruse.

Back to September 2008 Archive.