United States Attorney Brendan V. Johnson announced that a Sioux Falls, South Dakota, man has been indicted for Dealing in Counterfeit Securities and Possession of Counterfeit Securities, and a Chicago, Illinois, man was indicted for Possession of Counterfeit Securities.
Charles Earl Davis, a/k/a “Feno,” age 26, of Sioux Falls, and Travis Cornelius Maberry, a/k/a “Cozo”,” age 27, of Chicago, Illinois, were indicted by a federal grand jury on August 13, 2013. Both men appeared before U.S. Magistrate Judge John E. Simko on August 20, 2013, and pled not guilty to the indictment.
The maximum penalty upon conviction is up to 20 years in custody, a $250,000 fine, or both; 5 years of supervised release; and $100 to the Federal Crime Victims Fund. Restitution may also be ordered.
The charges are merely accusations and both men are presumed innocent until and unless proven guilty.
The investigation is being conducted by the Sioux Falls Police Department and the U.S. Secret Service. Assistant U.S. Attorney Jeffrey C. Clapper is prosecuting the case.
Davis and Maberry were remanded to the custody of the U.S. Marshals Service. A trial date has not been set.