Third-Generation Counterfeiter Pleads Guilty

Arthur Williams III arrested last year for passing off fake Benjamins

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    NEWSLETTERS

    TK
    Businesses say counterfeiters are getting better, and more active.

    Like father like son?

    Arthur Williams III, of Chicago, pleaded guilty on Thursday to making counterfeit money, the Chicago Tribune reports.

    He was arrested last year after selling fake $100 bills for $20 each.  Their serial numbers matched fake currency that had been circulating around the country, authorities said.

    Williams' father, Art Williams Jr., is three years into a seven year prison sentence for counterfeiting.  He picked up the art of counterfeiting from his stepfather, making the crime a true family business.