JPD Breaks Up Counterfeit Ring

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.

(Copyright 2006 by The Associated Press.  All Rights Reserved.)