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Couple Arrested for Counterfeiting $20 Bills
SHREVEPORT, La. – A couple from Louisiana has been sentenced for making counterfeit Federal Reserve notes. Larry Maurice Malmay, 36, of Zwolle, La., and Kellie Amanda Craig, 29, of Many, La., were found guilty of producing the fake money.
According to evidence presented at their guilty pleas, a Sabine Parish Sheriff’s Deputy came to Craig’s home in June 2012 in response to a domestic complaint. While talking to Craig, it was learned that there were counterfeit $20 bills in the home. Craig told authorities that Malmay and another person had printed most of the fake Federal Reserve notes.
A search of the home revealed cut and uncut counterfeit bills, a paper cutter, cotton paper and a printer. Malmay later told authorities he had planned to print $16,500 worth of fake money to pay a drug dealer.
The U.S. Secret Service-Shreveport Office and the Sabine Parish Sheriff’s Office conducted the investigation. Assistant U.S. Attorney Robert W. Gillespie Jr. prosecuted the case.
U.S. District Judge Tom Stagg sentenced Malmay to 27 months in prison followed by three years of supervised release. Craig received five years of probation. The equipment and items used to produce the counterfeit money were ordered forfeited to the government.
Malmay and Craig’s scheme was uncovered after a tip led authorities to their home. The case serves as a reminder of the dangers of counterfeiting and the consequences for those who engage in it.
The investigation and prosecution of this case are a testament to the hard work and dedication of law enforcement agencies and federal prosecutors who are committed to protecting the public and upholding the law.
RELATED: Daye Dong, Hongyu Chen Charged in $30K Counterfeit Handbag Scheme
Key Facts
- State: Louisiana
- Category: Fraud & Financial Crimes|White Collar Crime
- Source: DOJ Press Release ↗
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