Two men suspected of printing and circulating counterfeit money in the Quincy area were arrested Thursday.
Quincy residents Christopher Adam Hale, 30, and Guy Lane Martin, 35, were arrested at separate locations, according to the Plumas County Sheriff.
Both men were taken to the Plumas County jail on charges of being in possession and passing counterfeit money, and possession of the equipment used to manufacture counterfeit bills.
According to Sheriff Greg Hagwood and Investigations Sergeant Steve Peay, the arrests followed several months of investigation by the sheriff’s office.
“It was a very lengthy and well-done investigation by Sergeant Steve Peay and his staff,” Hagwood said. “This was very important to us. Numerous local businesses have been victimized.”
Peay said there may have been “thousands of dollars” in fake bills printed over time. He said the counterfeit bills came in “just about every common denomination.”
“There were fives, tens, twenties, fifties and hundreds,” Peay said. He added that the bills were of “very good quality.”
Peay said the counterfeiting operation was likely related to the sales of methamphetamine.
The sheriff said the first arrest was made about 9 a.m. when a search warrant was served at 1750 Lee Road #24. Hale was arrested at that location after computerized equipment used in the printing process was discovered.
About three hours later, Martin was arrested at Room 10 in the Spanish Creek Motel at 223 Crescent Street.
Quincy banks and area merchants began receiving counterfeit bills over the summer.
Peay said the investigation was complicated because most of the people using the bogus bills didn’t know where they got the money.
“There were a lot of innocent people involved,” Peay said. “... a lot of innocent victims.”
Peay said the investigation is still ongoing. He said that merchants should continue to look closely when receiving cash.”
More details will be reported in the Wednesday, Nov. 14, editions of Feather Publishing newspapers.
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