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POPS Bungling Counterfeit Gang Had the counterfeit notes been genuine, added prosecutor Martin Evans, it would have meant they were worth nearly three quarters of the £39 billion currently in use around the world. Apart from any other considerations, the apparently forged signature on the notes was incorrect, the court heard. Sir Jasper Quintus Hollam - who was not appointed the chief cashier of the Bank of England until 1963 - always used his first two initials when signing his name, rather than just the second the alleged counterfeiters had used.