Counterfeit Money Orders are unauthorized copies of Money Orders that were not created by the United States Government. Losses calculated from counterfeit money orders in FY2004 was reported at $3.7 million. Source: United States Postal Inspection Service, ” Setting the Record Straight: U.S. Postal Money Orders are as Good as Money in the Bank,” News [...]

According to a news release by the United States Postal Inspection Service, ” The U.S. Postal Service issued 188 million postal orders in the fiscal year ending September 2004, during which approximately 3,700 counterfeit postal money orders were cashed. That works out to about one counterfeit for every 53,000 issued, and losses were calculated at [...]