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But 19th-century America abounded in phony banks issuing bogus notes.
Mr. Glass has written a first-person account of an ambitious young journalist who slips from truth into reckless fraud, even concocting bogus notes and voice-mail messages to deceive editors and fact checkers.
Fannie Mae, eager to unload a batch of fraudulent loans, turned a blind eye as independent lender James McLean resold the bogus notes to Ginnie Mae, according to the Justice Department and federal housing officials.
While both Chambers and Buckley were vigorously argumentative and conservative, Bogus notes that they recognized in the rampant individualism, self-centered rejection of altruism, absolute faith in the power of the marketplace and arrogance, represented in the premises listed above, as a fundamental danger to society as a whole.
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Yet often a bogus note was accepted with a knowing wink.
People also tend to think of counterfeiting as a victimless crime, until the first time they get caught with a bogus note.
Much of Mr. Glass's book recounts Stephen's undoing, when he scrambled to contrive fake notes and bogus evidence as his editors closed in on him.
The lawyer, Marc S. Dreier, a graduate of Yale University and Harvard Law School, sold $700 million worth of bogus promissory notes to investors, a federal indictment charged.
Police recovered a stash of £5m in counterfeit currency: £4.4m worth of fake euros and £600,000 in bogus £20 notes.
The 250 bogus Federal Reserve notes had dates and were stained to make them look old, but no such currency exists, according to a U.S. Immigration and Customs Enforcement spokeswoman.
And a bogus farewell note said to have been written by a girl to her father shortly before she was killed has also been discredited, but only after being retweeted thousand of times.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com