New Jersey Man Pleads Guilty To Running Counterfeit Currency Operation

PHILADELPHIA – Derrick Knight, 41, of Linden, New Jersey, pleaded guilty today to one count of manufacturing counterfeit currency, three counts of possessing counterfeit currency, and three counts of dealing in counterfeit currency.  U.S. District Judge C. Darnell Jones scheduled a sentencing hearing for June 13, 2016. 

Between August 2014 and August 2015, Knight manufactured over $125,000 in counterfeit United States currency, and thereafter sold and dealt thousands of dollars of counterfeit United States currency to buyers in exchange for legitimate United States currency. 

Knight faces a period of incarceration followed by up to three years of supervised release, a possible fine, and a special assessment of $700. 

The case was investigated by the Secret Service Philadelphia and Newark Field Offices and the Lehigh County Drug Enforcement Task Force.  It is being prosecuted by Assistant United States Attorney James Petkun.