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New wave of counterfeit Euro notes on the Costa del Sol
By h.b. - Sep 23, 2007 - 9:02 AM
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Archive Photo EFE
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Organised criminal groups from Eastern Europe and Nigeria are usually to blame
Organised criminal gangs are reported to be flooding the Costa del Sol with counterfeit Euro notes.

Most of the gangs involved are from Bulgaria, Colombia and Nigeria, according to the head of the Financial Crime section of the UDEV specialist police unit, Juan Titos.

He is quoted in the La Opinion de Málaga newspaper saying that the notes are put into circulation, bit by bit, and that his unit has broken up half a dozen gangs over the last few months.

The false notes are usually passed on to a series of people who spend the notes at face value, having previously purchased them in bulk for as little as 5% of that amount.

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