3,700 Fake Money Orders Cashed in FY 2004

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 less than $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 Release, May 6, 2005,(accessed: March 7, 2007).

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