An Arlington man has been indicted by a federal grand jury for using counterfeit bills in several East Texas stores.
Cloyd Ray Knight III, 57, is charged with making and passing counterfeit one-hundred dollar bills. If he's convicted, he faces up to 20 years in federal prison.
According to the indictment, Knight used counterfeit one hundred dollar bills at the Target and Lowe's stores in both Tyler and Texarkana, on the same day.
Then he used a fifth counterfeit one hundred dollar bill a few days later, again at the Target in Tyler.
Authorities seized nearly two hundred items from him that are related to making counterfeit bills, including ink, paper, more than 30 printers, treasury seals, sheets of watermark security strips, and money plates.
KLTV 7 spoke with agent Robert Caltabiano with the Dallas office of the Secret Service. As part of the U.S. Treasury Department, they handle counterfeit cases.
Caltabiano couldn't offer specifics on this case, because Knight hasn't been tried yet. But, he says as a general rule, criminals aren't counterfeiting the "old" one hundred dollar bills anymore.
Caltabiano says stores put too much faith in the marker used to test large bills. All that marker checks is the paper the money is printed on, and criminals often wash real bills, then use the real paper to print fake money, so the marker won't catch those notes.
He says stores should pay more attention. If someone tries to buy an inexpensive item, or multiple gift cards, with a single one hundred dollar bill, there could be a problem.
Tuesday, June 18 2013 9:23 AM EDT2013-06-18 13:23:30 GMT
A 5-year-old girl set up a lemonade stand across the street from the Westboro Baptist Church compound, and now the group is targeting her. Jayden Sink raised nearly $200 on Friday while she sold lemonadeMore >>
A 5-year-old girl set up a lemonade stand across the street from the Westboro Baptist Church compound, and now the group is targeting her.More >>
Monday, June 17 2013 7:31 PM EDT2013-06-17 23:31:17 GMT
According to a Smith County Sheriff's Office arrest affidavit, the man accused of shooting and killing his father told investigators he had just returned home from camping at the lake with his childrenMore >>
According to a Smith County Sheriff's Office arrest affidavit, the man accused of shooting and killing his father told investigators he had just returned home from camping at the lake with his children when he got into an argument with his father.More >>
Tuesday, June 18 2013 12:10 PM EDT2013-06-18 16:10:14 GMT
From the Texas Department of Public Safety: AUSTIN, TX - Robert Anthony Lopez, 48, a Texas 10 Most Wanted Fugitive and Tango Blast gang member, is now in custody after being arrested on Friday in SanMore >>
Lopez has an extensive criminal history that includes aggravated sexual assault of a child, assault causing bodily injury, injury to a disabled person, violation of protective order and prohibited weapons.More >>