One of the oldest and most spectacular legal con jobs is the Federal Reserve Note Scam. A punter is usually sold at a deep discount a 1934 series or other fake Federal Reserve Note at a deep discount.
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Too Good to be True
Nobody, not even Warren Buffet, can get millions or billions for pennies on the dollar. However, the note and the story surrounding it are usually just good enough to fool the gullible. A fake attorney or treasury agent is often in the mix too.
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The Pitch
According to the Fed: "Fraudsters often falsely claim that the purported Federal Reserve notes or bonds that they hold are somehow very special and are not known to the public because they are so secret. Fraudsters have attempted to sell these worthless instruments, or to redeem or exchange them at banks and other financial institutions, or to secure loans or obtain lines of credit using the fictitious instruments as collateral. "
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Bottom Line
Run away as fast as you can from any scheme involving 1930's series Federal Reserve Note, it's a 100% guaranteed scam and you may not only lose your money but be criminally prosecuted.
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