Amanda Cangelosi, a 39-year-old New Orleans woman, has been indicted for conspiracy to make and pass counterfeit United States currency, in violation of Title 18, United States Code, Section 371, and passing counterfeit one hundred dollar bills, in violation of Title 18, United States Code, Section 472.
According to the indictment, Cangelosi conspired with others to manufacture counterfeit one hundred dollar bills and used the counterfeit bills to pay for goods and services. Cangelosi and her co-conspirators used genuine $1 bills to create the counterfeit $100 bills, all in an effort to deceive merchants into believing the currency was a genuine $100 bill.
Cangelosi is charged with knowingly passing three counterfeit $100 bills to pay for a hotel stay at a hotel in Metairie, LA. The counterfeit bills were used to pay for a hotel stay, and it is alleged that Cangelosi knew the bills were fake at the time of the transaction.
If convicted of conspiracy, Cangelosi faces up to five years’ imprisonment and up to 20 years’ imprisonment if convicted of passing counterfeit currency. If convicted of both counts, she also faces up to a $500,000 fine, up to three years of supervised release, and a mandatory $200 special assessment fee. Cangelosi may also be ordered to pay restitution.
Acting U.S. Attorney Michael M. Simpson reiterated that an indictment is merely a charge and that the guilt of the defendant must be proven beyond a reasonable doubt. Simpson praised the work of the United States Secret Service and the Jefferson Parish Sheriff’s Office in investigating this matter.
Assistant U.S. Attorney Tiwana Wright of the Financial Crimes Unit is in charge of the prosecution. The case is a significant example of the ongoing efforts to combat financial crimes in the New Orleans area. The use of counterfeit currency can have serious consequences for businesses and individuals, and law enforcement agencies are working to prevent and prosecute these types of crimes.
The investigation and prosecution of Cangelosi serve as a reminder of the importance of being vigilant when accepting cash payments. Businesses and individuals are encouraged to take steps to verify the authenticity of currency and to report any suspicious activity to the authorities. By working together, law enforcement and the community can help to prevent and combat financial crimes.
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Key Facts
- State: Louisiana
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes
- Source: Official Source ↗
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