Want the latest retirement plan adviser news and insights? Sign up for PLANADVISER newsletters.
Diversions January 5, 2012
Talk About a “Lump Sum”
A North Carolina man was arrested after police say he tried to use a fake million-dollar bill to buy $476 worth of Walmart items.
Reported by Corie Russell
The Associated Press reports that 53-year-old Michael Fuller tried to buy a microwave oven, vacuum cleaner and other various merchandise with the bill, which he insisted was real. Fuller was charged with attempting to obtain property by false pretense and uttering a forged instrument.
The largest bill in circulation is $100. In 1969, the Federal Reserve Board announced it would stop distributing currency in denominations of $500, $1,000, $5,000 and $10,000, according to the U.S. Department of The Treasury.
The largest bill ever printed by the Bureau of Engraving and Printing (BEP) was the $100,000 Series 1934 Gold Certificate, but it was not circulated among the general public.