Counterfeiting has landed Reginald Jake Farrow, 31, of Richmond, behind bars for five years. Farrow was sentenced today for conspiracy to make, forge, counterfeit and pass federal reserve notes.
The sentence, handed down by U.S. District Judge Henry E. Hudson, also includes three years of supervised release and an order to pay full restitution. Farrow pleaded guilty to the charges on July 11.
According to court documents, Farrow conspired with 11 other individuals to make and pass counterfeit $50 and $100 Federal Reserve Notes from May 2015 through February 2016. The counterfeiting operation was run out of a residence in Henrico, where the defendants would produce the fake bills and then pass them off at local merchants.
The merchants, unaware that the bills were counterfeit, would accept them as payment and give the defendants genuine currency as change, along with merchandise. This scheme allowed the defendants to acquire goods and real money using the fake bills.
Dana J. Boente, U.S. Attorney for the Eastern District of Virginia, and Douglas F. Mease, Special Agent in Charge of the U.S. Secret Service’s Richmond Field Office, announced the sentencing. Assistant U.S. Attorney S. David Schiller prosecuted the case.
The investigation and prosecution of Farrow and his co-conspirators demonstrate the commitment of law enforcement to combat counterfeiting and other financial crimes. The U.S. Secret Service and the U.S. Attorney’s Office will continue to work together to protect the integrity of the nation’s currency and financial systems.
A copy of the press release can be found on the website of the U.S. Attorney’s Office for the Eastern District of Virginia. Related court documents and information can be found on the website of the District Court for the Eastern District of Virginia or on PACER by searching for Case No. 3:16-CR-56.
The sentencing of Reginald Jake Farrow serves as a reminder of the serious consequences of engaging in counterfeiting and other financial crimes. The five-year prison sentence and order to pay full restitution reflect the severity of the offense and the commitment of law enforcement to hold perpetrators accountable.
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Key Facts
- State: Virginia
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes
- Source: Official Source ↗
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