HOUSTON, Texas – A 34-year-old Houston man has been convicted for his role in a conspiracy to distribute counterfeit $100 bills, announced United States Attorney Kenneth Magidson.
Clinton Walker, 34, of Houston, participated in the scheme between January and March 2016. He admitted he agreed and conspired with others to bring counterfeit U.S. Federal Reserve Notes from Nigeria to the U.S. to be sold, exchanged, transferred, received and delivered.
These counterfeit notes were sold at a price of 40 cents on the dollar and were distributed to multiple individuals. Specifically, Walker knowingly sold and delivered at least 11 counterfeit notes to a female minor in January 2016.
At the time of his arrest March 3, 2016, authorities found more than 300 counterfeit notes which Walker admitted he intended to sell as well. He knew they were counterfeit and intended them to be passed or used as genuine monies. In total, Walker distributed, or aided in the distribution of, at least $400,000 in counterfeit monies.
Walker faces up to 20 years for dealing in counterfeit securities as well as 5 years in prison for the conspiracy. He also faces the possibility of up to a $250,000 fine on both counts.
U.S. District Judge Sim Lake, who accepted the guilty plea, has set sentencing for November 9, 2016. Walker will remain in custody pending that hearing.
The Secret Service conducted the investigation. Assistant U.S. Attorney Julie Searle is prosecuting the case.
Defendant/Respondent: Clinton Walker
Criminal Charges: Dealing in Counterfeit Securities, Conspiracy
City and State: Houston, Texas
Arrest Date: March 3, 2016
Sentence or Outcome: Walker faces up to 20 years in prison and a $250,000 fine.
Dollar Amounts: $400,000 in counterfeit monies
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Key Facts
- State: Texas
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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