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Two plead guilty to counterfeit money charges in San Diego

In this down economy, people are looking for ways to make money. But when you make your own, the U.S. Secret Service comes knocking.

Two men have pleaded guilty this week in San Diego federal court to manufacturing counterfeit money by scanning real bills into their computers. Each faces a maximum of 20 years in prison and a $250,000 fine when sentenced.

Kevin Cave, 21, admitted in court Thursday that he made phony $5, $10 and $20 bills by scanning real bills.

On Monday, Erik Wallen, 32, pleaded guilty to a similar scheme, using a real $100 bill, according to federal prosecutors. Wallen passed about $31,500 in phony bills at a retail store where he worked as a cashier, prosecutors said.

Cave is in custody, Wallen is free on $30,000 bail.


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--Tony Perry in San Diego

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