2 Brothers Plead Guilty To Counterfeiting
GREENBELT, Md. (AP) — Prosecutors say two brothers have pleaded guilty to running a currency counterfeiting scheme.
Twenty-nine-year-old Glendon Reid and 27-year-old Sheldon Reid, both of Glenn Dale, entered their pleas this week after their trial got under way. They will be sentenced on March 14.
According to their plea agreement, the Reid brothers removed ink from genuine $1 and $5 bills and used digital images to print fake $100 notes on the bleached lower-denomination bills.
The Reids sold the counterfeit bills for about 40 percent of face value and also passed the fake notes to merchants.
Law enforcers have recovered more than $4.5 million in counterfeit currency across the country that was produced as a result of the Reids’ crimes.
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