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Haganah Smashes Extremist Counterfeiting Ring Which Forged U.S. Notes, Checks

The Haganah announced tonight that it had been instrumental in smashing an extremist counterfeiting ring which has been turning out forged U.S. banknotes, as well as checks on American banks.

The Haganah statement said that following complaints by many Jews who had been victimized by the forged checks, it assigned investigators to the extremists. These agents discovered that the counterfeiters’ headquarters were in Herzlia, under the direction of a German non-Jew who entered Palestine illegally in 1939. As a result of the Haganah action, police raided the headquarters and discovered equipment for making 20 and 50-dollar bills.