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New York Man Pleads Guilty to Counterfeiting Charge
Alexandria, VA – In a shocking turn of events, Johnny Elegante Lee, 45, of Roosevelt, New York, pleaded guilty yesterday to participating in a racketeering conspiracy as part of a large-scale counterfeiting operation.
Lee was one of 13 alleged members of the operation, which manufactured, produced, and distributed millions of dollars in counterfeit $100 Federal Reserve Notes across the eastern United States.
The operation, which was based in Israel and the United States, used high-quality off-set printing presses to produce the counterfeit currency. Lee admitted to being a member of the enterprise from 2004 until his arrest in June 2014.
As part of his plea agreement, Lee also admitted to having a previous counterfeiting conviction in Richmond, Virginia in 2004, which was also part of his participation in the enterprise.
Lee faces a maximum penalty of 20 years in prison when he is sentenced on January 9, 2015.
The case was investigated by the United States Secret Service, and Assistant United States Attorneys Kimberly R. Pedersen and Gordon L. Kromberg are prosecuting the case on behalf of the United States.
This case is a stark reminder of the dangers of large-scale counterfeiting operations and the importance of vigilance in preventing such crimes.
Key Facts
- State: Virginia
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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