Counterfeit money found in Panama City

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PANAMA CITY, Fla. (WJHG/WECP) — Three Georgia people have been charged after they allegedly attempted to purchase $12,000 worth of merchandise using counterfeit money.

On Saturday, Panama City police were contacted by a business in the 400 block of East 23rd Street about people buying items with counterfeit invoices.

Police say Quintus Riley, 51, and Frederick Stephens, 51, were seen selecting items in the store and checking out, paying for more than $1,200 worth of goods with counterfeit $50 bills. They say the men then took the items to a car driven by Brandon Frazer, 45.

Detectives arrived and said that during their investigation they found a cloth bag in the vehicle containing 86 counterfeit $100 bills and 72 counterfeit $50 bills.

Riley was charged with issuing a counterfeit bill, continuing a fraud scheme and grand larceny, along with possession of more than 10 counterfeit bills. Stephens was charged with issuing a counterfeit note, an ongoing fraud scheme, petty theft and possession of more than 10 counterfeit notes. Frazier was charged with issuing a counterfeit bill, an ongoing scheme to defraud, a petty larceny, a grand larceny and possession of more than 10 counterfeit bills.

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