Counterfeiting is one of the most common scams around. Image Source / Getty Images The first thing you would do is put a $20 bill on your scanner. Then you would set the scanner for its highest resolution - perhaps 2,500 or 4,000 dpi - and scan an image of the bill. Your scanner would drop a file on your hard drive, which you'd print out to use as money. However, the paper still may not feel right. That's why some counterfeiters go the extra mile to get the perfect paper. The ultimate counterfeit bill would use the same paper used by the government. This paper, however, is nearly impossible to buy. It's not sold commercially. The $20 bills printed by the Treasury since 2003 contain three special security features that are impossible to fake with an inkjet printer: Less than 0.01 percent of all U.S. currency in circulation is counterfeit, according to the U.S. Federal Reserve, but even 1 out of every 10,000 bills adds up quickly when there are more than 50 billion notes in circulation worth more than $2 trillion. The U.S. Secret Service is the federal agency in charge of finding and arresting counterfeiters, but there are several safeguards built into the monetary system for detecting fake bills. Federal Reserve banks are the first checkpoint for counterfeit money. Federal Reserve banks are responsible for supplying currency to commercial banks, and that goes for new bills as well as "recirculated" bills. The Federal Reserve doesn't disclose its methods, but it has its own scanning and detection systems for weeding out fake money. What type of crime is counterfeiting? The federal law categorizes counterfeiting as a class C felony, which can result in a prison sentence of up to 20 years and a fine as high as $250,000. Some states' laws have their own penalties for counterfeiting as well. camera bag cyber mondayimitation luxury bags
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