China’s latest export, after fentanyl…. is counterfeit postage stamps
Opinion by Chuck Devore – Fox News
‘There’s been an alarming rise in Made in China counterfeit postage stamps here in America’
The U.S. Postal Service (USPS) has been struggling for years, saddled with an outmoded business model and huge retiree pension liabilities. And now, added to its inflationary and management woes comes a new threat: counterfeit stamps from China marketed online through paid ads on Google and Facebook, among other platforms.
Counterfeiting currency, bonds, or other government paper of value is a form of warfare. The British printed Continental paper dollars to undermine the American economy during the Revolutionary War. The Union encouraged counterfeiting against the Confederacy during the Civil War. And North Korea has been known for passing fake $100 Federal Reserve notes (Supernotes).
To that record of profitable fakery we can add a new entry: Made in China USPS Forever stamps, sold for as little as 7.7 cents each—88% off the official price of $0.63 each. And, better yet, one printer even boasts of featuring anti-counterfeiting detection ink that looks like official postage under ultra-violet light….
China’s Field Day With Counterfeiting
China’s latest export, after fentanyl…. is counterfeit postage stamps
Opinion by Chuck Devore – Fox News
‘There’s been an alarming rise in Made in China counterfeit postage stamps here in America’
The U.S. Postal Service (USPS) has been struggling for years, saddled with an outmoded business model and huge retiree pension liabilities. And now, added to its inflationary and management woes comes a new threat: counterfeit stamps from China marketed online through paid ads on Google and Facebook, among other platforms.
Counterfeiting currency, bonds, or other government paper of value is a form of warfare. The British printed Continental paper dollars to undermine the American economy during the Revolutionary War. The Union encouraged counterfeiting against the Confederacy during the Civil War. And North Korea has been known for passing fake $100 Federal Reserve notes (Supernotes).
To that record of profitable fakery we can add a new entry: Made in China USPS Forever stamps, sold for as little as 7.7 cents each—88% off the official price of $0.63 each. And, better yet, one printer even boasts of featuring anti-counterfeiting detection ink that looks like official postage under ultra-violet light….