Third-Generation Counterfeiter Pleads Guilty

Arthur Williams III arrested last year for passing off fake Benjamins

Friday, Mar 26, 2010  |  Updated 2:45 PM CDT
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Chicago Oddities: A Collection of Weird News Tales

Businesses say counterfeiters are getting better, and more active.

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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.

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