A scheme commonly known as a “black money scam” has resulted in a Buffalo man pleading guilty to a misdemeanor charge of using paper as money.
Eugene Cooper, 38, admitted selling fake U.S. currency that he claimed had been dyed black or white to a government informant for $10,000 in July of last year.
Assistant U.S. Attorney Russell T. Ippolito, Jr. said Cooper told the informant the money was intended for CIA operations in Africa and was dyed to avoid detection by opposition forces. He said Cooper also claimed the dye could be removed with special chemicals.
Cooper and his co-defendant, Gooding Vincent, 38, of Syracuse, face up to six months in prison when sentenced by U.S. Magistrate Judge H. Kenneth Schroeder.
Their guilty pleas are the result of an investigation by the U.S. Secret Service and Immigration and Customs Enforcement, Homeland Security Investigations.