SAPD: Suspect part of ring that cashed $36k in bogus checks
SAPD: Michael Ferguson's fingerprints found on some checks
A 22-year-old man is believed to be part of a group that cashed more than $36,000 worth of counterfeit checks, drawn on the account of a local business. Michael Ferguson was arrested Friday on two counts of forgery.
San Antonio police said during questioning, Ferguson admitted that he was part of a counterfeit check ring, and that he was paid $200 for every check he cashed.
An arrest warrant affidavit stated that the case first came to light in December when the account manager for a local business told them about 16 counterfeit checks that had been cashed at a local bank.
The checks were drawn on the account of the business and totaled more than $36,000, the affidavit stated. Detectives investigated and said they found Ferguson's fingerprints on one check.
They tied him to three checks, totaling more than $2,500, the affidavit stated. Police believe there were seven people, in all, working as part of the ring. There's no word on whether anyone else has been arrested.
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