New York Man Charged With Passing Counterfeit Money
ERIE, Pa. - A former resident of Binghamton, New York, has been indicted by a federal grand jury in Erie on a charge of violating federal counterfeiting laws, United States Attorney David J. Hickton announced today.
The one-count indictment named Larry Patterson, 58, as the sole defendant.
According to the indictment presented to the court, Patterson passed counterfeit federal reserve notes to another individual who then distributed them to various individuals to pass.
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 United States Attorney Marshall J. Piccinini is prosecuting this case on behalf of the government.
The United States Secret Service and the Pennsylvania State Police conducted the investigation leading to the indictment in this case.
An indictment is an accusation. A defendant is presumed innocent unless and until proven guilty.