Printer produced over €3.3m worth of fake €50 notes

A printer who had a €2m property judgment against him has avoided jail for production of 49 boxes of counterfeit €50 notes.

John Stanley, aged 53, was under severe financial pressure from failed property deals when he used his equipment and skills to print €3.3m worth of the fraudulent notes.

The notes were found in various stages of production and only €9,250 were finished and in a position to be distributed.