Press Releases
LOCAL MAN PLEADS GUILTY TO FEDERAL COUNTERFEITING CHARGES
July 23, 2008
FOR IMMEDIATE RELEASE
COLBY D. PHILLIPS, age 19, of Waggaman, Louisiana, pled guilty yesterday before U. S. District Judge Jay Zainey to one count of Possessing Counterfeit Obligations of the United States, announced U. S. Attorney Jim Letten.
According to the Factual Basis filed in court records, Special Agents with the U. S. Secret Service and Jefferson Parish Sheriff’s Office Deputies executed a search warrant at the defendant’s residence in Waggaman, Louisiana on May 23, 2007. PHILLIPS was found with eighty seven (87) counterfeit $20 bills and eight (8) counterfeit $5 bills at his residence. A bill of information was filed on May 29, 2008. PHILLIPS faces a maximum possible sentence of twenty (20) years imprisonment, a fine of $250,000 and three (3) years of supervised release. He is scheduled to be sentenced on October 21, 2008, at 9:30 A.M.
The case was investigated by the Unites States Secret Service with the assistance of the Jefferson Parish Sheriff’s Office and is being prosecuted by Assistant U.S. Attorney Edward J. Rivera.
)
