OCTOBER 19, 2006 - Posted at 11:08 a.m. CDT
JONESBORO, AR - Jonesboro police have begun arresting people in a counterfeit money investigation. Two women and a man were arrested yesterday after police say the three tried to pass fake $100 bills. Police say they expect more arrests will be made.
Among the reports of fake money circulating in the city, a bail bondsman reported he received a counterfeit $100 bill from an inmate he had bailed out of jail. Also, employees of a restaurant, a bank and a grocery store say they were given phony cash.
Police think the suspects are using an ink-removing substance to remove the dollar amount on a $5 bill, then somehow replace the figure with the image of a $100 bill.
Police are advising local businesses to inspect money closely during the next few days and to report any suspicious findings.