Mega Money Factories - Counterfeit Money Factory

 A counterfeit cash-production factory and thousands of fake £1 coins have been uncovered at a farm in a quiet country village.
Police discovered the coins during a raid on a building at Tonge Corner Farm in Tonge, just outside Bapchild.
Police also found a machine which they believe was used to make the fake money.
Neighbours said they did not have a clue what was going on.
The said they had heard what they thought was the noise of an extractor fan but nothing else.
One, who asked not to be named, said not long after police cars were seen at the farm that rumours started.
He said: “I used to see people come and go from the farm but never thought anything of it.
“I saw the police raid the building, just loads of police cars and then the rumours started.”
The farm is owned by Tim Holt and his father Derek, but the building was rented out.
Mr Holt said he did not have a clue anything out of the ordinary was going on.
He said the farm had been in the family for almost 40 years and the barn had been rented by the same person for the last five or six years.
Police confirmed that “thousands of pounds of counterfeit coins and a press machine were found” during the raid on Wednesday, May
To counterfeit means to imitate something. Counterfeit products are fake replicas of the real product. Counterfeit products are often produced with the intent to take advantage of the superior value of the imitated product. The word counterfeit frequently describes both the forgeries of currency and documents, as well as the imitations of clothing, handbags, shoes, pharmaceuticals, aviation and automobile parts, watches, electronics (both parts and finished products), software, works of art, toys, movies. Counterfeit products tend to have fake company logos and brands. In the case of goods, it results in patent infringement or trademark infringement. Counterfeit consumer products have a reputation for being lower quality (sometimes not working at all) and may even include toxic elements. This has resulted in the deaths of hundreds of thousands of people, due to automobile and aviation accidents, poisoning, ceasing to take essential compounds (e.g. in the case a person takes non-working medicine,

The counterfeiting of money is usually attacked aggressively by governments worldwide. The counterfeiting of goods is condoned by some governments. Counterfeit paper money is the most popular product counterfeited
The spread of counterfeit goods (commonly called "knockoffs") has become global in recent years and the range of goods subject to infringement has increased significantly. Apparel and accessories accounted for over 50 percent of the counterfeit goods seized by U.S Customs and Border Control. According to the study of Counterfeiting Intelligence Bureau (CIB) of the International Chamber of Commerce (ICC), counterfeit goods make up 5 to 7% of World Trade, however these figures cannot be substantiated due to the secretive nature of the industry. A report by the Organisation for Economic Co-operation and Development indicates that up to US$200 Billion of international trade could have been in counterfeit and illegally copied goods in 2005. In November 2009, the OECD updated these estimates, concluding that the share of counterfeit and pirated goods in world trade had increased from 1.85% in 2000 to 1.95% in 2007. That represents an increase to US$250 billion worldwide.

In a detailed breakdown of the counterfeit goods industry, the total loss faced by countries around the world is $600 billion, with the United States facing the most economic impact. When calculating counterfeit products, current estimates place the global losses at $400 billion. On November 29, 2010, the Department of Homeland Security seized and shut down 82 websites as part of a U.S. crackdown of websites that sell counterfeit goods, and was timed to coincide with "Cyber Monday," the start of the holiday online shopping season.

Some see the rise in counterfeiting of goods as being related to globalization. As more and more companies, in an effort to increase profits, move manufacturing to the cheaper labour markets of the third world, areas with weaker labour laws or environmental regulations, they give the means of production to foreign workers. These new managers of production have little or no loyalty to the original corporation. They see that profits are being made by the global brand for doing little (other than advertising) and see the possibilities of removing the middle men (i.e. the parent corporation) and marketing directly to the consumer. This can result in counterfeit products being virtually indistinguishable from original products, as they are being produced in the same company, and in damage to the parent corporation due to copyright infringement.






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