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• The E-Sylum: Volume 10, Number 51, December 16, 2007, Article 17
  

  U.K. MAN ARRESTED FOR COUNTERFEITING MILLIONS OF POUND COINS
  

  [The BBC reported that a man suspected of counterfeiting
  fourteen million one pound coins has been arrested. Here
  are some excerpts. -Editor]
  

  A counterfeiter who produced fake £1 coins with an estimated
  total value of £14m, has been jailed for five years. Marcus
  Glindon, 37, from Enfield, north London, made the coins over
  seven years from a workshop near his home.
  

  When officers raided his home and nearby business, MG Engineering,
  in March they found machines used to manufacture coins and
  counterfeit dies.
  

  Of the estimated 14 million coins, 2.5 million were completed
  while the remainder were left blank, due to be finished off.
  

  It is thought that at one stage he was making 10,000 to 12,000
  coins per day and was paid about £2,000 in cash a week by
  the two men.
  

  The Royal Mint said it would be extremely difficult for members
  of the public to differentiate between legitimate coins and
  the fake ones Glindon had produced.
  

  To read the complete article, see:
  Full Story
  

Source URL

• http://www.coinbooks.org/esylum_v10n51a17.html

Date published

• 2007-12-16

Volume

• 10

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