Haitian Artist Jean Losier forged $4.5Millions in counterfeit bills

WATCH VIDEO: Jean Losier Art

Unlike his real artwork, demand for his counterfeit $50 and $100 bills were high. Losier used a simple technic by bleached authentic $1 bills and then printed $50 and $100 on those bills. He had some some business partners who bought the fake bills at 10 cents on the dollar, In another way, they will purchase a pack of $10,000 fake bills $1,000.

Investigators also reported that most of these fake bills were used at malls, stores and restaurants in Florida.

Counterfeiter Jean Losier to Serve Concurrent Sentences

Artist Jean Losier has been charged with printing and distributing counterfeit money, totaling $4.7 million.

He was indicted in a Jacksonville federal court. He may serve a prison sentence up to 20 years. Already in prison for another counterfeiting scheme he will serve both sentences concurrently.

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