Bed-Stuy Merchant Meeting, Friday Feb. 25th

There have been reports within the Bed-Stuy Gateway BID that counterfeit bills have been used in exchange for goods and services. In response, the BID is holding a Merchant Meeting to help local business owners understand the process of detecting, turning-in, and reclaiming any losses from counterfeit currency. It will be held:

Date: Friday, February 25, 2011
Time: 9:00am – 11:00am
Location: Restoration Plaza, 1368 Fulton Street, 1st floor multipurpose room

Experts from the 79th Police Precinct, the US Secret Service, and Carver Federal Savings Bank will be discussing the best practices in detecting counterfeit bills, what to do if you get counterfeit money, and how you can reclaim a loss if you’ve been a victim of counterfeiting.

If you receive counterfeit money, the following actions should be taken:

  • Do not return it to the person
  • Delay the person if possible
  • Call the Police (911)
  • Get a good look of the person passing the money
  • Limit the handling of the money (place in an envelope)
  • Surrender the money to law enforcement
  • Secure video footage and provide it to law enforcement
  • Law enforcement will conduct an investigation

For more information about the BID, Public Safety, or would like to be placed on BID Alert e-blasts (like this), please contact Tony Saunders at 917-501-6778 or


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Categories: Bed Stuy, Community Event, Counterfeit, Fulton Street, Merchant Meeting, Public Safety, Small Business

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