H.E. Pennypacker said:
No, there's no such thing as two dollar bills. I've never seen one. I've seen a rare one, and I am starting to think it could have been a two dollar bill, but I don't remember.
Anyhow, the bills he gave out must have been fake because he re-printed them, because the bank couldn't have been giving out fake bills. It is legal to make "fake" bills as long as it is clear it only meant for humor or games like Monopoly.
He was arrested for fraud. There's nothing wrong with $100 bills.