Title: Your Guide to U.S. Federal Counterfeit Money Laws — iTestCash.com
Headings: Your Guide to U.S. Federal Counterfeit Money Laws
Your Guide to U.S. Federal Counterfeit Money Laws
Content: Counterfeiters are given up to 20 years in prison or up to $250,000 fine. If by any chance any other person other than the defendant makes a financial loss or gain, the sentence becomes heavier and the person caught can get up to 25 years in prison. Those who counterfeit gold coins or gold bars can get up to 15 years in prison. The sentence varies depending on the specifics of the crime. How harsh the sentence is actually depends on the amount of money that was counterfeited. If one did not have the intention to defraud and they plead innocent, then they cannot be charged. For example, if you print money as a joke and the currency is of poor quality and you argue that it cannot pass off as legal currency, you cannot be charged. This type of defense can only be accepted in selected cases. One can be charged with counterfeiting even if only one side of the fake note was printed. For one to be convicted of the crime of counterfeiting, the person ought to be proven to be aware that the money was not genuine.