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Press Release

Pittsburgh Man Pleads Guilty in Counterfeit Currency Scheme

For Immediate Release
U.S. Attorney's Office, Western District of Pennsylvania

PITTSBURGH - A resident of Pittsburgh, Pennsylvania, pleaded guilty in federal court to charges of conspiracy and making counterfeit currency, United States Attorney David J. Hickton announced today.

William Perry Bagley, 32, pleaded guilty to two counts before Senior United States District Judge Gustave Diamond.

In connection with the guilty plea, the court was advised that from in and around May 2013 to June 20, 2013, Bagley made counterfeit currency and Bagley and others conspired to make and pass counterfeit currency.

Judge Diamond scheduled sentencing for May 3, 2016 at 10 a.m. The law provides for a total sentence of 25 years in prison, a fine of $500,000, or both. Under the Federal Sentencing Guidelines, the actual sentence imposed is based upon the seriousness of the offenses and the prior criminal history, if any, of the defendant.

Assistant United States Attorney Shardul S. Desai is prosecuting this case on behalf of the government.

The United States Secret Service conducted the investigation that led to the prosecution of Bagley.

Updated January 21, 2016

Financial Fraud