Five New Milford (New Jersey) high school students are facing charges stemming from a counterfeiting scheme.
Counterfeit $20 bills with the same serial numbers began surfacing at local businesses over a four-week period. Police reviewed security video and identified the students.
Police Chief Frank Papapietro tells The Record newspaper officers discovered the bogus bills were made by a student on his home printer and were given to the others who distributed them.
Two of the students are charged with passing forged bills, possession of forgery equipment and theft by deception. The others are charged with theft by deception.
Police say all were charged as juveniles and released to their parents. Their names have not been released because they are minors.