Man gets stung by counterfeit $100 bill

In the news

Posted: Thursday, August 04, 2005

FAIRBANKS (AP) — When James Sweeney cashed a large check at KeyBank after selling a trailer, it didn't occur to him to check the bills. The money had come straight from the bank's vault, he said.

Sweeney, a 24-year-old heavy duty mechanic, won't be making that mistake again.

After getting $4,700 in cash from KeyBank, Sweeney took the cash to his financial institution, Credit Union 1, to deposit. A teller there pulled out the counterfeit $100 bill.

When Sweeney returned to KeyBank less than a half hour later, the bank refused to replace the bill, saying its liability ended when Sweeney walked out the door.

The counterfeit bill has since been turned over to the U.S. Secret Service, which investigates such matters.

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