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Longview Man Guilty in Counterfeit Silver Scheme

Posted/updated on: March 6, 2014 at 1:08 pm
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frattarolagreggcountyTYLER – A Gregg County man has pleaded guilty in Tyler federal court to counterfeiting violations. James Leroy Frattarola, 47, of Longview, pleaded guilty Wednesday to possessing counterfeit silver bars with the intent to defraud. He appeared before U.S. Magistrate Judge K. Nicole Mitchell. Federal prosecutors say on September 13, 2013, Frattarola possessed approximately 90 one-ounce silver bars, stamped with the impression “.999 FINE SILVER” and “NORTHWEST TERRITORIAL MINT” with intent to defraud. Frattarola admitted to possessing the counterfeit bars in Longview and to engaging in similar criminal conduct on other occasions involving a total of nine victims. Frattarola was indicted by a federal grand jury on October 23, 2013.

Frattarola faces up to 15 years in federal prison at sentencing. He must also submit to forfeiture of the sized bars and over 100 counterfeit coins. Frattarola will additionally be ordered to pay a total of $28,720.40 in restitution to be divided among the nine victims. A sentencing date has not been set.



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