Counterfeit money used at Silverthorne Outlets results in two years probation | SummitDaily.com
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Counterfeit money used at Silverthorne Outlets results in two years probation

After pleading guilty to charges of forgery and theft last May, a 29-year-old Denver man was sentenced to two years of probation and 10 days in jail for forgery, a class five felony. Gary Migliaccio of Denver was accused of passing counterfeit bills at nine Silverthorne Outlet stores on Jan. 9, 2015.
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After pleading guilty to charges of forgery and theft last May, a 29-year-old Denver man was sentenced to two years of probation and 10 days in jail for forgery, a class five felony. Gary Migliaccio of Denver was accused of passing counterfeit bills at nine Silverthorne Outlet stores on Jan. 9, 2015.

Migliaccio will concurrently serve two years of supervised probation for theft, a class two misdemeanor. As part of his probation orders, he will serve 120 hours of community service, undergo a mental-health evaluation and refrain from using alcohol or illegal drugs.

Police reported the man used fake $50 bills to purchase gift cards that he claimed were for family members, keeping both the change and the gift card after each transaction. However, when a store manager noticed some inconsistencies in the currency, Silverthorne police were able to detain the man in the parking lot, seizing a large amount of rough-textured bills with odd coloring and unusual print type.

“Technology improvements have made counterfeiting much easier and more difficult to detect,” District Attorney Bruce Brown said in a statement. “We recommend that merchants examine currency, particularly larger bills, to make sure that they are legitimate.”

He added that while Migliaccio will be on probation for two years, his jail sentence was based on his lack of criminal background and the fact that he took responsibility for his actions.

Silverthorne police detective Theresa Barger said that when state investigators obtained a search warrant for Migliaccio’s Denver home, they found several counterfeit bills at his residence.

“He actually taught other people how to do it,” Barger said. “One other person who was taught pled and went to prison.”

She added that while the counterfeits are less common than credit card fraud or theft, police saw a small spike following January’s incident.

“When I first started here, we had tons of counterfeit. Now, it’s more plastic than it is the cash,” Barger said. “But the cash is kind of rearing its head again. After (Migliaccio) was caught, there were other people passing counterfeit bills around here.”

She said the counterfeiters keep using the bills until they are caught or realize they’re pushing their luck. The Silverthorne police work with the outlets every year to train employees to check cash for texture, print, lack of watermarks and other defining features that could give away a fake.


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