A federal grand jury in the Western District of Wisconsin returned a 32-count indictment against two Madison men accused of passing counterfeit money.
Cornelius Stewart, 30, and Alex J. Stubbs, 26, both of Madison, Wisconsin, are charged with conspiring to pass counterfeit obligations of the United States and with passing counterfeit $100 bills with intent to defraud.
The indictment alleges that the two men passed counterfeit bills and attempted to pass counterfeit bills at businesses in Dane, Monroe, and Jefferson Counties between July and December 2023.
If convicted of the conspiracy charge, Stewart and Stubbs face maximum penalties of 5 years in prison. They face maximum penalties of 20 years on each of the charges involving passing or attempting to pass counterfeit bills.
The charges against Stewart and Stubbs are the result of an investigation by the United States Secret Service and police departments from Madison, Verona, Fitchburg, Shorewood Hills, Cottage Grove, Marshall, Sun Prairie, Tomah, and Oconomowoc. Assistant United States Attorney Robert Anderson is handling the prosecution.
As the investigation continues, Grimy Times will provide updates on this developing case. In the meantime, residents are advised to be cautious of counterfeit currency and to report any suspicious activity to the authorities.
Related Federal Cases
- Counterfeit Kingpins Busted in Madison Crackdown · Wisconsin
- Spice Kings: Six Nabbed in Nationwide K2 Ring · Indiana
- Madison Narc Drug Dealer Boatner Gets 10-Year Federal Sentence · Wisconsin
- Madison Gunman Gets 7 Years for Stop-N-Go Heist · Wisconsin
- Madison Man Convicted of Covid-Relief Fraud, Money Laundering · Wisconsin
Key Facts
- State: Wisconsin
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes
- Source: Official Source ↗
🔒 Get the grimiest stories delivered weekly. Subscribe free →
Browse More
MORE FEDERAL CRIME NEWS
US NewsUS NewsUS NewsUS News