Altoona Man Charged With Making Counterfeit Money
JOHNSTOWN, Pa. - A resident of Altoona, Pa., has been indicted by a federal grand jury in Johnstown on a charge of violating counterfeit laws, United States Attorney David J. Hickton announced today.
The one-count indictment named Michael W. Elvey, II, 24.
According to the indictment presented to the court, from Dec. 2010 to Feb. 1, 2011, Elvey, with intent to defraud, did falsely make, forge and counterfeit approximately $5,000 in Federal Reserve notes in various denominations.
The law provides for a maximum total sentence of 20 years in prison, a fine of $250,000, or both. Under the Federal Sentencing Guidelines, the actual sentence imposed would be based upon the seriousness of the offense and the prior criminal history, if any, of the defendant.
Assistant U.S. Attorney Stephanie L. Haines is prosecuting this case on behalf of the government.
The United States Secret Service and the Altoona Police Department conducted the investigation leading to the indictment in this case.
An indictment or information is an accusation. A defendant is presumed innocent unless and until proven guilty.
Protect yourself from fraud, and report suspected cases of financial fraud to local law enforcement.