Perpetrated by Portuguese criminal Alves dos Reis, the Portuguese Bank Note Crisis was one of the largest frauds in history. In 1924, Reis forged a contract that fooled a legitimate print company into printing illegitimate banknotes for him. By the time his scheme was revealed, Reis had introduced into circulation banknotes equivalent to nearly 1% of Portugal’s gross domestic product at the time, causing widespread economic and political repercussions. How did he initially cover up his scam? Discuss
Source: The Free Dictionary