An American citizen by the name of Ryan Gustafson has been arrested and charged with conspiracy and counterfeiting in Uganda.
The 27-year-old, believed to be leading a large international counterfeiting ring, had been using the money for several American businesses in Pittsburg, Pennsylvania, which eventually traced the illegal act to a postal box nearby.
Authorities then traced the address postal box to Uganda, with a fingerprint leading them specifically to the culprit, Mr. Gustafson.
The U.S. Secret Service, with assistance from the Ugandan government set up a fake undercover operation to purchase counterfeit currency from Mr. Gustafson.
He was arrested, and during a search in his home, authorities discovered fake Ugandan shillings, Congolese francs, Ghanaian cedis, Indian rupess, and euros. It is estimated that he flooded the market with nearly $2 million in counterfeit currencies.
A U.S. Citizen from Texas, Mr. Gustafson faces 25 years in prison.
In a statement US Attorney for the Western District of Pennsylvania David Hickton, said “We will hold cyber criminals accountable and bring them to justice no matter where they reside.”