From: John Young <jya@pipeline.com>
Date: Tue, 16 Aug 94 10:38:36 PDT
To: cypherpunks@toad.com
Subject: Re: In Search of Genuine DigiCash
Message-ID: <199408161738.NAA20912@pipe3.pipeline.com>
MIME-Version: 1.0
Content-Type: text/plain



Responding to msg by mpd@netcom.com (Mike Duvos) on Tue, 16 Aug 
 9:21 AM


>Ordinary counterfeiting is analog.  Close inspection 
>will always  reveal differences which can be used to 
>distinguish fake money.


However, NY Times Monday reported in long front-page article on 
spread of digitized forged checks, including dupe of magnetic 
ID.

Quotes:

"The proliferation of desktop publishing has brought a new 
growth industry, the counterfeiting of virtually undetectable 
fraudulent checks, and banks and law enforcement officials say 
the cost to the economy could reach $1 billion this year.

* * *

The American Banking Association says [this] is the No. 1 crime 
problem facing banks.

* * *

It is much easier counterfeiting checks than cash."

End quotes.


Says center of activity is California but has spread to all 
parts of the US.


-------------------------------


My standard pitiful offer to send this article upon email 
request.

John