Operation Bernhard: The $3 Billion Nazi Forgery of WW2 Unveiled


In the shadows of the Second World War, the Nazis hatched a diabolical plot to undermine the British war effort, and their weapon of choice was not artillery or espionage but rather, paper. Operation Bernhard, the clandestine project that unfolded under the auspices of SS Intelligence, would go down in history as the largest currency forgery scheme ever recorded. This audacious plan involved counterfeiting over three billion pounds, a staggering sum at today’s value. The workforce behind this sinister plot?

A group of 104 Jewish prisoners confined to a special workshop within the Sachsenhausen concentration camp near Berlin. As the threat of death loomed over them, these prisoners skillfully produced banknotes that the Bank of England would later dub as “the most dangerous forgeries ever seen.” Now, for the first time, four survivors of this operation speak out about their forced collaboration with the Nazis, the fate of the counterfeit millions, and the miraculous circumstances that allowed them to survive and share this harrowing tale.

The Genesis of Operation Bernhard:

Amidst the chaos of World War II, the Nazi regime sought unorthodox ways to weaken their adversaries. Operation Bernhard emerged as a sinister plan to flood the British economy with counterfeit banknotes, creating economic havoc and sowing distrust in the financial system. The choice of currency forgery, a seemingly unconventional weapon, proved to be a stroke of tactical brilliance.

The Workforce: Prisoners of Sachsenhausen:

The 104-strong workforce behind Operation Bernhard was composed entirely of Jewish prisoners held in the hellish confines of Sachsenhausen concentration camp. These skilled craftsmen were forced into a specially designated workshop where they were compelled, under the constant threat of death, to replicate British banknotes with unparalleled precision. Their survival depended on their ability to master the art of forgery, a skill set they never imagined would become their ticket to staying alive.

The Production of “Dangerous Forgeries”:

Under the watchful eyes of their Nazi captors, the prisoners at Sachsenhausen meticulously recreated the intricate details of British banknotes. The quality of their forgeries was so exceptional that the Bank of England later acknowledged them as “the most dangerous forgeries ever seen.” The operation’s success hinged on the Nazis’ ability to introduce these counterfeit bills into circulation without detection.

Survival Against All Odds:

For the first time, four survivors of Operation Bernhard recount their chilling experiences. Forced into a Faustian bargain with their captors, they reveal the daily horrors they faced in the workshop, the constant fear of execution, and the toll this collaboration took on their psyche. Their tales of resilience and resourcefulness, often driven by a desire to outsmart their oppressors, offer a unique perspective on the human spirit’s capacity to endure even in the darkest of times.

Fate of the Counterfeit Millions:

As Operation Bernhard reached its zenith, the question arises: What became of the fake millions meticulously produced by the Jewish prisoners? The trail of counterfeit currency weaves through the annals of history, raising intriguing questions about the economic impact of the forgeries and the extent to which they penetrated the British financial system.

Legacy and Reflection:

Operation Bernhard stands as a testament to the Nazis’ sinister ingenuity and the resilience of those ensnared in their machinations. The survivors’ voices add a poignant layer to this dark chapter of history, emphasizing the complexity of their choices and the indomitable human spirit that enabled them to endure against all odds. As we reflect on Operation Bernhard, we are reminded that even in the face of unimaginable cruelty, stories of survival and defiance emerge, offering a beacon of hope amid the shadows of the past.


In the shadowy realms of World War II, Operation Bernhard emerges as a chilling testament to the Nazis’ twisted ingenuity and the human spirit’s capacity to endure amid unspeakable horrors. The convergence of a diabolical plan to destabilize the British economy and the forced collaboration of Jewish prisoners in the heart of Sachsenhausen concentration camp created a saga of economic subterfuge and survival against all odds.

The four survivors who bravely recount their experiences shine a light on the darkest corners of history, underscoring the complexities of choice and the indomitable will that allowed them to navigate through the malevolent landscape of Operation Bernhard. As we contemplate the legacy of this nefarious scheme, we are reminded that even amidst the darkest chapters of humanity, tales of resilience, defiance, and the triumph of the human spirit can emerge, offering a profound reflection on the enduring power of hope in the face of unimaginable adversity.

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