One of Europe’s biggest counterfeit cash shops busted, ‘€11 million’ seized at hotel
25 Oct 2018

Police have seized millions of fake euros and a high number of US dollars that were produced in an illegal print shop located in the basement of a hotel.

The stash comprised EUR 11 million and USD 1.7 million in counterfeit 50, 100 and 500 euro banknotes, as well as 100 and 50 counterfeit US dollars.

The notes were found concealed in the basement of a hotel in Sunny Beach (Slantchev Briag), a resort on the Black Sea.

“This is one of the biggest and the most modern counterfeiting print shops dismantled in Europe in recent years. The print shop used a highly sophisticated and modern printing press that produced high-quality banknotes,” said Europol, which supported the operation that involved Bulgarian authorities and the US Secret Service.

More than 30 addresses across Bulgaria were raided during the operation, which saw four members of the organised criminal group detained, including the hotel owner.

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