ERIE, Pa. – The grimy streets of Erie, Pa., are once again under the shadow of a financial scam, as Larry Patterson, a 58-year-old former resident of Binghamton, New York, has been hit with federal charges for passing counterfeit cash.
Patterson is accused by a federal grand jury of violating counterfeiting laws, according to United States Attorney David J. Hickton. The indictment names him as the sole defendant in this sordid affair.
The court heard that Patterson passed off counterfeit federal reserve notes to another individual, who then disseminated them among various unsuspecting victims. The potential impact of such crimes on local commerce is staggering, and authorities are taking the situation seriously.
Under federal law, Patterson faces a maximum sentence of 20 years in the clink, a fine of $250,000, or both. His actual punishment will depend on the severity of the offense and any prior criminal history he may have.
Assistant United States Attorney Marshall J. Piccinini is leading the charge against Patterson, representing the interests of the government in this case. The investigation was conducted by the United States Secret Service and the Pennsylvania State Police, showcasing a collaborative effort to combat financial fraud.
It’s important to note that an indictment is merely an accusation, and Patterson is presumed innocent until proven guilty. The courts will determine his fate, but for now, the community of Erie, Pa., awaits justice.
Related Federal Cases
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Key Facts
- State: Pennsylvania
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes
- Source: Official Source ↗
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