3 Trillion in counterfit currency?

2 Brits nabbed with $3 trillion in fake US fed notes


The National Bureau of Investigation (NBI) on Thursday said it has arrested two British nationals with $3 trillion fake US federal bank notes in their possession, DZMM reported.

NBI Director Reynaldo Wycoco identified the suspects as Paul Edward John Flavell and Sam Beany. The two listed their address as Unit 305 CEO Apartments in Jupiter Street, Makati City.

The suspects were not physically present during the press conference called by Wycoco at the NBI office in Taft Avenue, Manila. Only the suspects' photographs were shown to reporters.

Wycoco said NBI agents have also launched a manhunt for two other British nationals involved in the syndicate.

The two other suspects are Seki Mehmet Bayram and Peter Whittkamp.

Flavell and Beany's arrest came following a tip from international cargo forwarder DHL Philippines Inc. on April 14, Wycoco said.

The tip was about a shipment consigned to two foreigners, which was pending at the company warehouse.

The forwarder said the cargo was bound for Zurich, Switzerland.

The NBI dispatched a team to the DHL office. The agents were able to chance upon the suspects as they were paying the airway bill amounting to P53,967.

Company records show the suspects paid using a credit card.

Wycoco said Flavell and Beany did not resist arrest after they were made to open the cast-iron boxes containing bogus federal bank reserve certificates.