Man Caught With Counterfeit Money In Albany Area

One man from Troy has been arrested for allegedly distributing counterfeit money.

It’s also believed that there may be others involved.

In a press release from the East Greenbush Police Department, 21-year-old Quincy B. Michael has been accused of using his employment as a retail checkout cashier to hide the scheme. He allegedly accepted the phony money at his checkout line from other people that may be involved in the crime ring. They would walk away with whatever they were buying. More than five-thousand dollars of counterfeit money was exchanged as payment for store merchandise.

Michael has been charged with Grand Larceny In The Third Degree, Possession Of Forged Instruments In The First Degree and Conspiracy In The Fourth Degree. The investigation of this case also has the United States Secret Service involved.

Michael was arrested and arraigned in East Greenbush Town Town Court back in December and sent to the Rensselaer County Jail. This wasn’t announced until now because federal agents and police have attempted to identify the other members of the organized crime ring that may be responsible for printing the bogus bills.

Authorities are asking for information from anyone who may know anything about this this crime ring, by calling 518-479-2525.