Denver man pleads guilty to using counterfeit bills at Silverthorne Outlets |

Denver man pleads guilty to using counterfeit bills at Silverthorne Outlets

Gary Migliaccio, 29, pleaded guilty on Wednesday to using counterfeit $50 bills at nine Oulets at Silverthorne stores. The Secret Service later found more fake currency at Migliaccio's Front Range residence after local authorities discovered out-of-state ties.
Silverthorne Police Department |

A Denver man charged with using counterfeit money in several Silverthorne Outlet stores pleaded guilty to charges of forgery and theft on Wednesday. Gary Migliaccio, 29, allegedly used fake $50 bills to purchase $10 gift cards, asking for $40 cash in change. He made his way thorough nine different stores before he was caught on Jan. 9, 2015.

“They arrested the guy while he was on the premises,” Fifth Judicial District Attorney Bruce Brown said. “One of the store keepers detected it and made a call.”

Silverthorne police were dispatched to the Red Village at the Outlets of Silverthorne that day, after a store manager for Jockey reported the suspicious currency. During the arrest, police seized a large amount of the counterfeit money, which had odd coloring, unusual print type and was rough to the touch.

“Merchants should closely inspect the money given to them by unknown customers,” Brown said in a statement. “It is easy to compare a suspicious bill with a known genuine one of the same dollar amount and look closely for the differences.”

“It is easy to compare a suspicious bill with a known genuine one of the same dollar amount and look closely for the differences.”Bruce BrownFifth Judicial District Attorney

The U.S. Secret Service reports that counterfeit money can be identified by blurred or faint lines on the portraits or borders of the bill, as well as serial numbers that do not match the color of the treasury seal, or bills that lack a portrait watermark when held in front of a light.

“They’ll target outlets because it’s a lot of different vendors in one location so it’s easy for them to try to pass the currency,” said Kerry O’Grady, acting special agent in charge of the U.S. Secret Service Denver Field Office. “The best thing for the public to protect themselves is to educate themselves on what genuine currency looks like and know the security features.”

The Secret Service assisted local law enforcement with the multi-jurisdictional case to help sort through state charges. Summit County Sheriff’s Office spokeswoman Taneil Ilano said the county sees few counterfeit currency cases, with this being the only one this year.

During a later investigation of Migliaccio’s Front Range home, law enforcement discovered $850 in counterfeit $50 bills and 65 gift cards totaling an undisclosed amount. Following a court ordered pre-investigation sentencing evaluation, Migliaccio was released on a $2,500 bond.

“He’s been out of custody for an extended period of time, and will be out until sentencing,” Brown said. He does not expect Migliaccio will serve jail time, given his lack of a criminal background and the fact that he took responsibility for the crime.

Migliaccio’s sentencing will take place July 8, at 2:30 p.m. at the Summit County Justice Center.

For more information on identifying genuine currency and signs of counterfeit bills, visit

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