TYLER, Texas (AP) – A North Texas man who meticulously made and spent more than $400,000 in fake money has been sentenced to nearly six years in prison.
A federal judge in Tyler on Tuesday sentenced 58-year-old Cloyd Ray Knight III of Arlington in a case involving bogus $100 bills.
READ MORE: Plane Veers Off McKinney National Airport Runway Into Ditch, Pilot Suffers Minor InjuriesKnight in May 2013 pleaded guilty to passing counterfeit bills. He fled but was recaptured in January.
Prosecutors say Knight since 2004 developed a counterfeiting process that included using newspaper print paper, painting the paper with acrylic, printing simulated watermarks and security threads on the paper and spraying the fake notes with a dulling coat.
Knight operated in Texas and Louisiana by using counterfeit bills to purchase goods and receiving legitimate cash as change.
Knight was sentenced to 69 months behind bars.
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