One year ago, Congress defunded public media. Now that we're 100% community funded, please become a sustaining member or increase your existing membership today.
This is an archival story that predates current editorial management.
This archival content was written, edited, and published prior to LAist's acquisition by its current owner, Southern California Public Radio ("SCPR"). Content, such as language choice and subject matter, in archival articles therefore may not align with SCPR's current editorial standards. To learn more about those standards and why we make this distinction, please click here.
SoCal Counterfeit Ring Busted
One of the largest counterfeit currency rings in Southern California has been broken up after a three-month investigation leading federal agents to arrest five people. One of the caught suspects is a 35-year-old Sherman Oaks man, "who who allegedly cut the counterfeit bills and glued them together," according to the Daily News.
The ring allegedly made and distributed between $5 and $6 million in twenty and hundred fake bills. ABC7 on-air news said the operation's machinery took up a whole room in a single family home in Lawndale at the residence of the alleged main printer:
Those arrested in recent days included Albert Edward Talton, 44, of Lawndale, who is accused of being the main printer of the counterfeit money; David Goldberg, 35, of Los Angeles [Sherman Oaks], who allegedly cut the counterfeit bills; and Paul Tracy McCorry, 45, of West Covina, who is accused of acting as a broker of the money and helped print the bills. Two others have been arrested and a sixth suspect charged in the case was being sought. [Associated Press]
Photo by Damian Dovarganes/AP
One year ago, Congress voted to defund public media, eliminating a critical $1.7 million from our budget every year going forward. But they couldn’t silence us, and we’re not going anywhere. LAist is now 100% community funded and that means we’re taking our future into our own hands and turning to you to keep local reporting strong.
You come to LAist because you want independent reporting and trustworthy local information. Our nonprofit newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our communities. We are free to follow facts wherever they lead and to hold power to account without fear or favor. Our only loyalty is to our readers and listeners and our mission: to inform, engage, and strengthen Southern California’s communities.
If this story helped you, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
You come to LAist because you want independent reporting and trustworthy local information. Our nonprofit newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our communities. We are free to follow facts wherever they lead and to hold power to account without fear or favor. Our only loyalty is to our readers and listeners and our mission: to inform, engage, and strengthen Southern California’s communities.
If this story helped you, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Senior Vice President News, Editor in Chief
