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Counterfeit Bond $1 Billion

Florida Entrepreneurship: Two Men Try Cashing A $1 Billion Bond

Many is the time we’ve thought about how quickly we would have to make it to Mexico if we were able to successfully pass a bad check. Chances are likely our geniuses today had that very thought in mind when they tried to pass — wait for it — a $1 billion counterfeit bond.

Hugo Barrios Brecino, 50, of Venezuela, and Michael Ifrah, 54, of Aventura, Fla., thought they would see if they could get away with it, but any time you try to pass that much money through the financial system, you’re likely to raise a few eyebrows — the kind of eyebrows that call police. According to the Sun Sentinel, the two men claimed ignorance when found out. You can imagine how well that worked out.

No telling how many years this could end up netting the boys, but you can’t blame folks for trying, we suppose. Had they been able to pull it off, they would have really put Florida on the map for fraud. The largest bond ever issued by the U.S. was for $1 million, and that was around 40 years ago.

[Featured Image by Lee/Flickr Creative Commons/Resized and Cropped/CC BY-SA 2.0]