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Israeli Counterfeiter Nabbed in Maryland

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    Reisterstown man pleads guilty to counterfeiting He admits to importing $120,000 in phony bills from Israel By a Sun Reporter January 19, 2007
    Message 1 of 1 , Feb 5 8:58 AM
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      Reisterstown man pleads guilty to counterfeiting
      He admits to importing $120,000 in phony bills from Israel
      By a Sun Reporter
      January 19, 2007
      http://www.baltimoresun.com/news/local/baltimore_county/bal-counterfeit0119,0,3305965.story?coll=bal-local-baltimorecounty


      A 57-year-old Reisterstown man pleaded guilty today in federal court
      to charges related to an international counterfeiting ring, the
      Maryland U.S. Attorney's office announced.

      Mordechai Mizrahi admitted in court to importing $120,000 in
      counterfeit $100 bills from co-conspirators in Israel, prosecutors
      said. The bills were smuggled into Maryland and used primarily in the
      Baltimore area in 2003. Prosecutors said Mizrahi paid $32,500 in
      legitimate money for every $100,000 of the counterfeit currency.

      U.S. Secret Service agents tracked 11 of the counterfeit bills to a
      transaction at a Randallstown grocery store, where they were used to
      purchase money orders that Mizrahi deposited into a bank account. The
      bills were also exchanged for legitimate currency through cashiers at
      Atlantic City casinos and at various department stores -- where he
      would purchase merchandise and return it for legitimate currency,
      prosecutors said.

      Howard County police arrested Mizrahi in October 2003 for using
      several of the bills at a Marriottsville golf course.

      Mizrahi faces a maximum prison sentence of five years followed by two
      years' probation and a $250,000 fine. Sentencing has been scheduled
      for April 27.

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