Two brothers from Prince George’s County pleaded guilty in a nearly $5 million counterfeit bills scheme.
According to prosecutors, Glendon Reid, 29, and Sheldon Reid, 27, both of Glenn Dale, “bleached” and removed ink from $1 and $5 bills, and used digital images to print counterfeit $100 bills on the newly blank lower-demonation bills.
The Reid brothers sold their bills for about 40 percent of face value and defrauded businesses by using the counterfeit notes to purchase merchandise, which they would return for cash refunds, prosecutors said.
Authorities say they have recovered more than $4.5 million in counterfeit currency nationwide that was produced by the Reid brothers or by others who had learned the illicit trade from them.
