US exposes the truth on authenticity of dollars seized at Barclays Bank

US Secret Service reveals shocking details of money seized at Barclays Bank

Barclays Bank Queensway branch, where DCI was probing fake currency bust

The United States Secret Service told a Kenyan court Ksh2 billion seized at Barclays Bank in 100 US dollar notes was fake.

The Secret Service examined 13,194 specimen notes sent to them and worth 1.3 million dollars (Ksh131 million) and concluded that they are counterfeit.

According to reports, the Directorate of Criminal Investigations (DCI) sought help from the U.S and sent the money to the U.S Secret Service.

Gilbert Gunn, an investigative agent with the US law enforcement agency, examined the notes and concluded that the money lacked security features for US dollars.

Dollars checklist

Court papers filed before Judge John Mativo indicated that the money was clustered into 43 categories ranging from 1996-2004 styles.

In a reply to the court, Gunn stated: “My examination of the above 13,194 specimens determined that they are counterfeit because they do not contain authentic features that are found on the US 100 Federal Reserve Notes (1996 and 2004 style).” 

Mr Gunn looked for nine features contained in a genuine US dollar note and his first feature in the checklist was red and blue fibres in the currency. 

Key security features

He looked at the Intaglio (raised) printing, typographic printing, security thread, watermark, colour shifting ink then microprinting.

The expert also checked two special features only in the 2004 style dollar - 3D security ribbon and a colour shifting bell in the Inkwell.

However, Eric Adede, the owner of the box held at Barclays Bank and which contained $20,067,900 accused the DCI of alleging the money is fake, a fact he said was untrue and meant to embarrass him.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

CS Alfred Mutua lights up social media with Taekwondo skills in South Korea [Video]

CS Alfred Mutua lights up social media with Taekwondo skills in South Korea [Video]

Guardian Angel bus full of passengers plunges into a river

Guardian Angel bus full of passengers plunges into a river

Reactions as Nairobi county bans clubs in estates, issues directives to bars

Reactions as Nairobi county bans clubs in estates, issues directives to bars

Uhuru-Gachagua unity plan: Inside plans to crown Gachagua kingpin

Uhuru-Gachagua unity plan: Inside plans to crown Gachagua kingpin

Why MPs are against Bonga Points expiry to be introduced in 2023

Why MPs are against Bonga Points expiry to be introduced in 2023

Kenyans divided after DPP's move to charge Eastleigh cop

Kenyans divided after DPP's move to charge Eastleigh cop

Kenya Power issues statement on national power outage

Kenya Power issues statement on national power outage

KOT react to story of 60-year-old swindled Sh700K in one week by woman

KOT react to story of 60-year-old swindled Sh700K in one week by woman

Young journalist explains question that earned her recognition at Ruto's event

Young journalist explains question that earned her recognition at Ruto's event