Brokers arrested Adrian Jean Pineda after he allegedly counted and sealed real money into baggage for switch and deposit at a Wells Fargo financial institution earlier than changing it along with his personal counterfeit money between January 2018 and January 2022, in keeping with the Secret Service.
“The Secret Service was initially fashioned in 1865 to implement federal legal guidelines towards counterfeiting,” U.S. Secret Service Phoenix Subject Workplace Particular Agent in Cost Frank Boudreaux Jr. stated in a Friday assertion. “This case illustrates the continued dedication of the Secret Service and the US Legal professional’s Workplace to investigating and prosecuting counterfeit violations.”
He added that Pineda’s “arrest and search warrant operation marked the fruits of a strategic investigation enacted by Phoenix particular brokers, Dwelling Depot safety personnel and Wells Fargo Financial institution.”
Pineda was a vault affiliate on the residence provides retailer, that means he was answerable for making ready money for deposits. The Dwelling Depot recorded $387,500 in losses on account of Pineda’s scheme.
Throughout his Jan. 31 arrest, Secret Service brokers additionally seized $5,000 in counterfeit foreign money and recovered $5,300 in real foreign money. In addition they found $22,000 in real foreign money whereas executing on a search warrant at Pineda’s residence.
Pineda is about to look in district courtroom on Feb. 7.