Man Makes, Spends Over $400,000 In Fake Money Sentenced

TYLER, Texas (AP) — A North Texas man who meticulously made and spent more than $400,000 in fake money has been sentenced to nearly six years in prison.

A federal judge in Tyler on Tuesday sentenced 58-year-old Cloyd Ray Knight III of Arlington in a case involving bogus $100 bills.

Knight in May 2013 pleaded guilty to passing counterfeit bills. He fled but was recaptured in January.

Prosecutors say Knight since 2004 developed a counterfeiting process that included using newspaper print paper, painting the paper with acrylic, printing simulated watermarks and security threads on the paper and spraying the fake notes with a dulling coat.

Knight operated in Texas and Louisiana by using counterfeit bills to purchase goods and receiving legitimate cash as change.

Knight was sentenced to 69 months behind bars.

(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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