$30M In Counterfeit Dollars Seized In Peru

LIMA, Peru (AP) -- U.S. and Peruvian agents have seized a record $30 million in counterfeit dollars in the biggest netting of fake greenbacks ever by the U.S. Secret Service.

Reuters reports the stash was discovered when more than 1,500 Peruvian police and Secret Service agents carried out searches and arrest warrants on Tuesday in Lima.

Fifty thousand fake euros were also seized and 48 people arrested in the raids, called Operation Sunset.

The Secret Service says Peru is the world's largest manufacturer and distributor of fake U.S. currency. Six counterfeit plants were shut down, eight manufacturing presses were seized and more than 1,600 printing plates and negatives of denominations were found.

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