Men indicted in elaborate counterfeit scheme - Cincinnati News, FOX19-WXIX TV

Men indicted in elaborate counterfeit scheme

Hilde Brando Uscategui (Source: U.S. Department of Justice) Hilde Brando Uscategui (Source: U.S. Department of Justice)
CINCINNATI, OH (FOX19) -

A federal grand jury here has charged two Florida men with passing hundreds of counterfeit $100 bills in the Cincinnati area.

Hilde Brando Uscategui, 41, and Stuart J. Rodriguez, 21, are named in the four-count indictment. 

Rodriguez was arrested by Secret Service agents in Miami, Florida on Wednesday. Uscategui remains at large.

The indictment alleges that between January and September 2010, the two men obtained counterfeit $100 bills from South America and took "road trips" to pass the counterfeit U.S. currency in hundreds of stores across the United States, including the Cincinnati area, in order to obtain genuine currency as change for the purchase of merchandise, primarily store gift cards.

The indictment alleges that each road trip occurred over the course of a two- to three-week period, with the defendants passing approximately $5000 in counterfeit U.S. currency each day of the trip. On some of the trips, Uscategui allegedly hid counterfeit U.S. currency in one or more of the cars he rented for the road trips by cutting the bottom of the seat headrests, removing the foam inside and stuffing the headrests with counterfeit U.S. currency.

They allegedly passed about 100 counterfeit notes in the greater Cincinnati area in a two-day period in July 2010, including swapping two of the counterfeit $100 bills at home improvement stores in Cincinnati for $10 gift cards and real currency in July 2010. They also conspired to launder the money when they attempted to wire a $3000 payment from a cash advance store in Cincinnati in July 2010.

Passing counterfeit currency and conspiracy to launder money are each punishable by up to 20 years in prison. Conspiracy to pass counterfeit currency is punishable by up to five years in prison. Each of the four counts against them also carries a maximum possible fine of $250,000.

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