This story is free to read because readers choose to support LAist. If you find value in independent local reporting, make a donation to power our newsroom 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
You come to LAist because you want independent reporting and trustworthy local information. Our newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our connected community. We are free to tell the full truth, to hold power to account without fear or favor, and to follow facts wherever they lead. Our only loyalty is to our audiences and our mission: to inform, engage, and strengthen our community.
Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive from readers like you will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Your tax-deductible donation keeps LAist independent and accessible to everyone.
Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive from readers like you will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Your tax-deductible donation keeps LAist independent and accessible to everyone.
Senior Vice President News, Editor in Chief
