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Secret Service investigation dismantles international counterfeit currency network

On February 6, 2015, Boaz Borohov, 44, of Tel Aviv, Israel and Ofra Borohov, 45, also of Tel Aviv, pled guilty in the Eastern District of Virginia to Racketeering Influenced and Corrupt Organizations (RICO) conspiracy and conspiracy to commit various counterfeiting U.S. currency offenses.

“The conclusion of this case highlights the Secret Service’s investigative prowess and ability to detect one of the most prolific counterfeit notes in history,” said Secret Service Acting Director Joseph P. Clancy. “This investigation joins a long list of successful counterfeit suppressions over our 149 year history. We will continue to work closely with our network of law enforcement partners to combat criminal enterprises and protect the nation’s financial infrastructure.”

In 1999, the Secret Service began detecting highly deceptive counterfeit $100 Federal Reserve Notes (FRNs) in New York City. The counterfeit bills are believed to have been manufactured in Israel using off-set printing and were circulated predominately throughout the eastern U.S.

In January 2014, the network established a printing plant in Cherry Hill, NJ. Since the Secret Service’s detection of this counterfeit note, over $86 million has been passed or seized by law enforcement globally. In March 2014, the Secret Service observed the defendants enter the U.S. from Israel. The Borohov’s entry into the U.S. was for the sole purpose to assist in the production and manufacturing of counterfeiting U.S. currency, according to the Secret Service.

From May to June of 2014, the Secret Service executed multiple federal arrest and search warrants across New York, New Jersey, Pennsylvania, Georgia, and Florida. This culminated in the suppression of the highly sophisticated Cherry Hill, NJ counterfeit printing plant.

During the federal search warrants, Secret Service Agents seized: one Heidelberg off-set printing machine; one Ryobi offset printing machine; three printing machines; computer equipment; approximately $240,700 in genuine U.S. currency; and approximately $2.5 million in counterfeit FRNs. The case was investigated by the Secret Service’s Washington Field Office, with assistance from offices in Philadelphia, New York, Miami, Atlanta, Long Island, and Scranton, Pennsylvania.

The Secret Service also worked closely with the U.S. Customs and Border Protection, the Prince William County Police Department, the Stafford County Sheriff’s Office; and the police departments of Cherry Hill, NJ; Mt. Laurel, NJ; Nassau County, NY; Rockville Centre, NY; and Woodstock, GA.

 

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