Man confesses role in smuggling fake $100 billion
Clinton Walker, 34, confessed to his role in the conspiracy to bring in at least $400,000 in fake U.S. Federal Reserve notes into America from Nigeria.
The fake $100 bills were sold at a price of 40 cents on the dollar and were distributed to several people. Walker sold and delivered at least 11 counterfeit notes to a female minor in January, federal prosecutors said.
Walker was arrested in March. Investigators found more than 300 counterfeit bills that he admitted intending to sell as well.
In addition to the prison sentence for one count each of dealing in counterfeit securities and conspiracy, Walker could be fined up to $250,000 for his part in the counterfeit ring.