Counterfeit Suspects Plead Guilty

Two San Diego men were producing counterfeit money from their homes

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    Between the two men, thousands of counterfeit dollars were forged in San Diego.

    Two San Diego men were arraigned Thursday for producing counterfeit money, according to the U.S. Attorney’s office.

    Kevin Cave, 21, was forging $5, $10 and $20 bills from his house in San Diego. Cave printed the fake money from electronic images of genuine bills that he scanned onto his computer.

    Woman Duped by Counterfeit Money

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    Cathy Deary from La Jolla found out the hard way what happens when you end up with fake cash. Consumer Bob reports. (Published Thursday, Sep 15, 2011)

    While working in a San Diego retail store, 32-year-old Erik Wallen passed roughly $31,500 worth of fake money through the business. Wallen printed images of $100 using his computer.

    Cave is scheduled to be sentenced on Dec. 5 and is in custody of U.S. Marshals. Wallen is currently on pre-trial release and will appear in January.

    Both men pled guilty and face a maximum of 20 years in prison with a potential $250,000 fine.

    The cases are being investigated by federal agents with U.S. Secret Service.