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  1. #26
    Philippine Expat
    Davis Knowlton's Avatar
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    ^So the Central Bank sends new money out to banks without recording the serial numbers, and then they leave it to the banks which receive the money to record the serial numbers prior to releasing the bills? That would explain it, but it seems a very strange system.

  2. #27
    Revenant Rodent Thetyim's Avatar
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    Quote Originally Posted by Happyman
    The system there was the cash was drawn from the central bank and the serial numbers were checked and recorded by the receiving banks .
    How can they check the serial numbers if they have never been recorded ?

  3. #28
    Philippine Expat
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    ^Good point. Missed that....

  4. #29
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    OK
    In Taiwan the central bank would send out a large lump of cash within a known batch of serial numbers.

    Banks where the cash was going to would check the numbers and the numbers sent back to the central bank and be the actual transfer receipt for the cash they had got from central bank .

    At the end of the delivery run the remaining cash would be returned to central bank and the numbers deleted from the original batch numbers.

    They will eventually be able to trace the numbers on the stolen cash but not until the receiving banks send in their returns at the end of the trading day - by a simple system of elimination .

    How the claim I did worked was this.

    The man stole the cash and within an hour was on a flight to Hong Kong where he changed the Taiwan Dollars to Hong Kong Dollars at several different banks- the notes were genuine and at that time had not yet been reported as stolen - no problem ( with me so far )

    In the afternoon he was off again to Singapore where he changed the HK dollars to Sing dollars - and was never seen again !!!

    Sum involved was about the equivalent of 750,000 $ US

    Maybe the French chap did a similar sort of thing as it seemed well thought out !

  5. #30

    R.I.P.


    dirtydog's Avatar
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    Quote Originally Posted by Thetyim
    It took the police 4 years to catch Florida Phil
    Bungalow Bill.

  6. #31
    Philippine Expat
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    Pretty neat.

  7. #32
    Revenant Rodent Thetyim's Avatar
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    ^^^
    So our hero has got about 24 hours to exchange the cash for another currency before the serial numbers get flagged as stolen.
    Easy with 750k USD but 10 million euro is a different kettle of fish

  8. #33
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    He's fucked then.

    But only for three years, then it's happy days!

  9. #34
    Philippine Expat
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    As slick as this little caper was, I doubt that he executed it without having given thought as to how he could securely convert his ill-gotten gains into spendable loot.

  10. #35
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    Quote Originally Posted by Thetyim View Post
    ^^^
    So our hero has got about 24 hours to exchange the cash for another currency before the serial numbers get flagged as stolen.
    Easy with 750k USD but 10 million euro is a different kettle of fish
    Exactly - it is indeed a little bit more than a local bank could exchange over the counter !


    Just thought I would tell you how it worked in Taipei !

  11. #36
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    Sad to see so many people on this forum happy to promote crimes.


  12. #37
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    There's different types of crime.

    This is a good one.

  13. #38
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    ^ OK, then if the cashier at your bar steels 150,000 bahts from you it's a good crime ?

    No harm, no gun, then it's good eh ?

  14. #39
    Revenant Rodent Thetyim's Avatar
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    Learn something new everyday.
    Euro notes are not numbered consecutively.

    Unlike euro coins, euro notes do not have a national side indicating which country issued them (which is not necessarily where they were printed). This information is instead encoded within the first character of each note's serial number.

    The first character of the serial number is a letter which uniquely identifies the country that issues the note. The remaining 13 characters are numbers which, when added up and the digits of the resulting sum then added together again until a single digit remains, give a checksum also particular to that country. Because of the arithmetic of the check-sum, consecutively-issued banknotes are not numbered sequentially, but rather, "consecutive" banknotes are 9 digits apart.


    and to make it even more interesting the checksum is calculated like this

    Each note has a unique serial number. The serial number contains a check digit (last digit) between 1 and 9, that fulfills the following criterion: if the initial letter is replaced by its position in the alphabet (that is L is 12, M is 13,..., Z is 26), the remainder from division of the resulting number by 9 is 8. The remainder from division by 9 can easily be found by repeatedly adding up parts of the number.

    For example: Z10708476264 gives 2610708476264. The remainder from division by 9 can be found by: 26 + 1 + 0 + 7 + 0 + 8 + 4 + 7 + 6 + 2 + 6 + 4 = 71 , 7 + 1 = 8

    By replacing the initial letter by a different system, you will get different required remainders. For instance, when replacing the letter by its ASCII value, the remainder will be 0, meaning the resulting number will be divisible by 9 (see Divisibility rule; in this case, the repeated addition will result in 9).

    Another example: Z10708476264: the ASCII code for Z is 90, so the resulting number is 9010708476264. The addition of all digits gives 54; 5+4 = 9 - so the number is divisible by 9, or 9010708476264 modulo 9 is 0.

  15. #40
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    Quote Originally Posted by Wallalai View Post
    if the cashier at your bar steels 150,000 bahts from you it's a good crime?
    If you're stealing from a person (like the owner) that's a bad crime.

    If you're stealing from a bank, that's a good one. As long as nobody is hurt, it's perfectly fine, I reckon.

    It's only fair to spread the wealth a little bit.

    Anyway, this money belonged to nobody. They'd just printed it. They can print some more.

    You only get one shot at life & you may as well do it with ten million in a suitcase, than not.

  16. #41
    The Dentist English Noodles's Avatar
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    Quote Originally Posted by Thetyim
    Learn something new everyday. Euro notes are not numbered consecutively. Unlike euro coins, euro notes do not have a national side indicating which country issued them (which is not necessarily where they were printed). This information is instead encoded within the first character of each note's serial number. The first character of the serial number is a letter which uniquely identifies the country that issues the note. The remaining 13 characters are numbers which, when added up and the digits of the resulting sum then added together again until a single digit remains, give a checksum also particular to that country. Because of the arithmetic of the check-sum, consecutively-issued banknotes are not numbered sequentially, but rather, "consecutive" banknotes are 9 digits apart. and to make it even more interesting the checksum is calculated like this Each note has a unique serial number. The serial number contains a check digit (last digit) between 1 and 9, that fulfills the following criterion: if the initial letter is replaced by its position in the alphabet (that is L is 12, M is 13,..., Z is 26), the remainder from division of the resulting number by 9 is 8. The remainder from division by 9 can easily be found by repeatedly adding up parts of the number. For example: Z10708476264 gives 2610708476264. The remainder from division by 9 can be found by: 26 + 1 + 0 + 7 + 0 + 8 + 4 + 7 + 6 + 2 + 6 + 4 = 71 , 7 + 1 = 8 By replacing the initial letter by a different system, you will get different required remainders. For instance, when replacing the letter by its ASCII value, the remainder will be 0, meaning the resulting number will be divisible by 9 (see Divisibility rule; in this case, the repeated addition will result in 9). Another example: Z10708476264: the ASCII code for Z is 90, so the resulting number is 9010708476264. The addition of all digits gives 54; 5+4 = 9 - so the number is divisible by 9, or 9010708476264 modulo 9 is 0.
    Is this good or bad news for him then?

  17. #42
    Thailand Expat lom's Avatar
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    It is nice of them informing him much he got away with.
    Just imagine counting all those bills.

  18. #43
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    He won't know what bad news is unless they catch him.

    I hope they're not trying to trick him by saying he'll only get three years.

  19. #44
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    The best thing he can do is get to Cambodia ASAP, or to another non-extraditional country. Only 3 years, man I'm moving to France!

  20. #45
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    Wonder if he has been in contact with Ronnie Biggs across the channel of late.

    Good on him.....run frenchy run

  21. #46
    Excommunicated baldrick's Avatar
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    Quote Originally Posted by Thetyim
    So our hero has got about 24 hours to exchange the cash for another currency before the serial numbers get flagged as stolen. Easy with 750k USD but 10 million euro is a different kettle of fish
    he is within the euro zone , so he has a few countries to play in.
    hopefully his plan stays as well thought out as it has been so far

  22. #47
    The Dentist English Noodles's Avatar
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    Quote Originally Posted by baldrick
    he is within the euro zone , so he has a few countries to play in.
    Yeh, but he really needs to get out of Europe and stay out of any countries with extradition treaties with France.

  23. #48
    The Dentist English Noodles's Avatar
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    What he really should do is hit the middle East changing as much as he can on his way through to China and then on to Japan. Though I guess he should also think about crossing as few international borders to get to his desired destination as I guess he has to make any international travel on a false passport now. I presume the French authorities would have canceled his passport, can they/would they do that?

  24. #49
    Revenant Rodent Thetyim's Avatar
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    Quote Originally Posted by English Noodles
    Is this good or bad news for him then?
    Bad news for him.
    Anyone trying to change a decent wedge will be caught as the serial numbers have been flagged.
    He will be OK buying fags, beer and groceries for the rest of his life.
    He will need professional help to launder any large amounts.
    He should end up with 6 million euro.

  25. #50
    Excommunicated baldrick's Avatar
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    the biggest issue would be having cash in your suitcase getting x-rayed

    he would have to have set up other bank accounts before and had a plan to change a large amount immediately.

    then he probably would stash most of it somewhere until he could find a way to easily transit eastern euro borders with a vehicle.
    If you torture data for enough time , you can get it to say what you want.

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