Details emerge about Indy counterfeiting ring
A counterfeiting operation busted last week in Indianapolis used high-quality printers, laminating machines and even a counterfeit bill detector to create hundreds of thousands of dollars in bogus money, federal officials said today. The U.S. attorney’s office announced federal charges against 24-year-old Brandon Clark, who prosecutors say ran the criminal enterprise and would sell a fake $100 bill for $20. Clark’s residence on Riley Avenue on the city’s Eastside was searched by investigators last Tuesday. What law enforcement found,” U.S. Attorney Joe Hogsett said, “was evidence of one of the most sophisticated counterfeiting operations that the city of Indianapolis has ever seen.“All told, we now believe this criminal operation may have been responsible for more than $300,000 in fake currency.” Court documents allege Clark had run the money-printing operation out of the home since at least September. While most of the money was circulated around Indianapolis and surrounding areas such as Johnson County, some bills could have made their way to Kentucky and Ohio.
Related Posts
The Government doesn’t understand that illicit trade is organised crime
You would think the Government would be fully aware of the scope of the problem...
Alibaba took down 90 million counterfeit products before its IPO
The Chinese e-commerce giant spent more than $160 million in the last two years...
Crocs exec says speed key to tackling counterfeits
Footwear company Crocs Inc has said the key to protecting its brand from...
FICCI raises awareness on smuggled and counterfeit goods by organizing seminars nationally
Delhi: FICCI CASCADE (Committee Against Smuggling and Counterfeiting Activities...