Five people were arrested in Southern California earlier this week for allegedly counterfeiting between $5 and $6 million in phony $20s and $100s over the past two years.
Laserjet printers were apparently used to make the money, and it all happened within a residential home in Lawndale, California.
According to an Associated Press article, those arrested in included:
- Albert Talton, accused of being the main printer;
- David Goldberg, who allegedly cut the bills; and
- Paul McCorry, who is accused of helping to print and brokering the fake money
Two others and a sixth suspect have not yet been named.
In the same article, Ray Maytorena, an agent of the Secret Service, was quoted as saying:
“This case illustrates the merging of traditional crimes such as counterfeiting with advanced technologies that criminals so often use to commit financial crimes today.”
For more of a local flavor to this story, including an interview of neighbors of the home with the counterfeit notes and equipment, watch the embedded Los Angeles based CBS KCAL story.
