Authorities Crack Down on Counterfeit Currency Operations Across US and Europe

A series of coordinated investigations has led to the arrest of several individuals linked to counterfeit currency operations in the US and Europe. In Pennsylvania, Anthony D. Reynolds was charged with forgery, identity theft, and possession of instruments of crime after police found sheets of counterfeit money during a traffic stop.

Reynolds admitted to copying checks and money, calling it a hobby. Investigators seized 22 sheets of employee information from a local hotel, 38 pages of counterfeit $10, $20, and $50 bills, and forged checks during the stops.

In Arizona, Carlos Cazelly and Morgan Gargiulo were arrested on August 31 following a traffic stop related to an ongoing forgery investigation involving counterfeit bills. Authorities also found counterfeit money, a printer used for counterfeiting, and forgery tools at a rental property.