In Lexington, North Carolina Michael Anthony Fuller, 53-years-old tried to use a fake $1 million bill at the Lowes Boulevard Walmart to pay for his merchandise on November 17, 2011.
The customer, Michael Fuller stood at check-out in Walmart trying to buy a vacuum cleaner and a microwave oven and some other random products which totaled $476. He handed the cashier the fake $1 million bill and awaited his change. The cashier was able to spot it was a fake because the US government hasn’t printed anything larger than $100 bill since 1969.
Wal-mart called police officers while the 53-year-old Michael Anthony Fuller waited around as if he would be able to convince the police that it was a real $1 million bill and not counterfeit money. The police officer that responded to the call wrote, “There is no such thing,” referring to the fake one million dollar bill.
Fuller was arrested and charged with, “Attempting to obtain property by false pretense and uttering a forged instrument,” which are both felonies. He is being held at the Davidson County Jail with his bond set at $17,500.
As we said before, the federal reserve system hasn’t printed anything larger than a $100 bill since 1969 because they discontinued the US Dollar bills $500, $1,000, $5,000 and $10,000 due to a lack of the public using them.
The highest bill on record printed was a $100,000 bill and was used from December 19, 1934 through January 9, 1935. Even then, this $100,000 bill wasn’t put into the general circulation; it was only used between Federal Reserve districts.
With that said, it seems like people trying to pass off one million dollar bills as the real deal rather than counterfeit money are more common than we think. Reported by the DigitalJournal, “Million-dollar frauds are not as uncommon as you’d think. Earlier in the month a donor tried to pass a fake $1 million bill in a Salvation Army kettle, and this past summer a Pennsylvania man was charged with trying to use a fake $1 million bill to purchase marijuana.”