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CHS considers the recent rise in counterfeit money circulating throughout Carmel businesses, ways to prevent the influx

MONEY+MARKER%3A%0ABryce+Hull%2C+DECA+chief+financial+officer+and+senior%2C+checks+bills+with+a+marker+to+ensure+authenticity.+Hull+said+this+is+part+of+DECA%E2%80%99s+new+protocol+with+larger+bills.
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CHS considers the recent rise in counterfeit money circulating throughout Carmel businesses, ways to prevent the influx

MONEY MARKER:
Bryce Hull, DECA chief financial officer and senior, checks bills with a marker to ensure authenticity. Hull said this is part of DECA’s new protocol with larger bills.

MONEY MARKER: Bryce Hull, DECA chief financial officer and senior, checks bills with a marker to ensure authenticity. Hull said this is part of DECA’s new protocol with larger bills.

Anushka Dasgupta

MONEY MARKER: Bryce Hull, DECA chief financial officer and senior, checks bills with a marker to ensure authenticity. Hull said this is part of DECA’s new protocol with larger bills.

Anushka Dasgupta

Anushka Dasgupta

MONEY MARKER: Bryce Hull, DECA chief financial officer and senior, checks bills with a marker to ensure authenticity. Hull said this is part of DECA’s new protocol with larger bills.

Natalie Khamis

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While on her way to work at Amanda’s Exchange, a local consignment shop on Carmel Drive, junior Katie Sankey received an unusual message from her manager. According to Sankey, the message warned all employees about a possible influx of counterfeit money circulating through businesses in Carmel.

“I was kind of shocked that something like this could happen in Carmel,” Sankey said. “When you think of crime, the things that come to mind are murder or theft. No one ever hears about counterfeit money being passed around.”

The rise of counterfeit money in Carmel is not an isolated incident. Many cities across the nation are seeing this trend, such as Indianapolis, where Indiana State Police found more than $1,000 in counterfeit money in the possession of two women just last month. Sergeant D. J. Schoeff, one of the resource officers at this school, can attest to this; he said counterfeit money is a problem that often goes unnoticed.

“There will be times where we see little lumps (of counterfeit cases) or a few of them dispersed out,” Schoeff said. “But the reality is that counterfeit money being distributed sometimes is inadvertent, meaning you could have a counterfeit five-dollar bill in your purse right now and you wouldn’t even know it.”

With advancements in technology, counterfeit money is becoming harder to detect, Schoeff said. He said people can mark bills with a counterfeit pen to ensure its validity. If a black stain appears, the bill is not genuine.

“My manager is now requiring us to always mark the cash that we receive from customers to make sure that (it isn’t) fake,” Sankey said. “If we get a payment that doesn’t look right, we have to immediately tell our manager who will then notify the police.”

Like local businesses, CHS’s DECA has established a counterfeit protocol when dealing with cash transactions in the Carmel Café.

Adam Spensley

“DECA’s protocol is to check bills that are $20 or higher that we receive with the marker,” Bryce Hull, DECA chief financial officer and senior, said. “We have also transitioned into accepting electronic payments which also helps to prevent (counterfeit) situations from happening.”

If a bill looks or feels different, Schoeff said he encourages students and employees alike to report the situation to local law enforcement.

Schoeff said, “In the end, you should always notify the authorities because if we don’t learn of (the counterfeit bill), there may be several of them discreetly floating around the city, which makes it harder to identify the source of the problem.”

Anushka Dasgupta

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About the Contributors
Natalie Khamis, Beats Editor

Hi everyone! My name is Natalie Khamis and I am a first-year news reporter and beats editor for the Hilite. When I'm not working on Hilite assignments,...

Anushka Dasgupta, News Editor

Hello! I'm Anushka Dasgupta, a news editor for the Hilite. In the past, I've served as a news reporter, sports copy editor and Acumen reporter. I love...

Adam Spensley, News Reporter




I’m Adam Spensley and this is my 2nd year on HiLite staff. Last year I was a sports reporter and usually wrote stories and took photos. I am doing...

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