Saturday, March 30, 2002
Six accused of counterfeiting
Indictments come out of Secret Service investigation
The Associated Press
LONDON, Ky. A federal grand jury in London has returned indictments against alleged members of two counterfeiting rings in eastern Kentucky.
Six people are named in the indictments, which stem from investigations by the U.S. Secret Service of the two money-manufacturing outfits, one in Harlan with $1,550 in fake bills and one in Manchester with more than $200,000.
The investigation in Harlan began after one of the men who worked at a Save-A-Lot grocery store exchanged $1,550 of the store's real currency for 31 fake $50 bills from one of his associates, said Rich Ferretti, a Secret Service special agent in Lexington.
The associate had acquired the fake bills from a third man who worked at the Sears store in Harlan and used a company computer to produce them, Agent Ferretti said.
The three were caught because they exchanged all the money on one day and the bank noticed it and called the Secret Service.
Agents then went to the Save-A-Lot and confronted the employee, Tommy Jordan, 28, of Mary Alice. He confessed, Agent Ferretti said. Both Mr. Jordan and the go-between, Michael Saylor, 27, of Harlan, were indicted on one count each of distribution of counterfeit money, Agent Ferretti said. He said the Sears employee, Juan Landa, 22, of Harlan, was indicted on a count of manufacturing counterfeit money.
The case in Manchester involved men who passed $1,000 to $2,000 in fake bills at local fast-food outlets and supermarkets, Agent Ferretti said.
In July, agents seized more than $200,000 at the home of Wade Rice, 71, of Manchester, he said.
Agent Ferretti said Hubert Goins, 44, of Annville was indicted Thursday on one count each of manufacturing and distribution of counterfeit money; Mr. Rice was indicted on a count of passing and possession of counterfeit money and a count of distribution; and Clayton Napier, 35, of Manchester was indicted on a count of passing and possession of counterfeit money.
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