U.S. Secret Service investigating counterfeit money scheme

Local News

The U.S. Secret Service is involved in the investigation of five people, arrested for passing counterfeit money at Shreveport businesses.

Sheriff Steve Prator says an investigation by the Caddo-Shreveport Financial Crimes Unit led to the recovery of more than $4,000 in counterfeit money.

Between March 5th and 12th, the suspects attempted to pass six counterfeit $100 bills at three different businesses on North Market Street.   

An investigation by Caddo Sheriff’s Det. Jeremy Edward led to the arrests of Annette Schoen, Christopher Gipson Jr., and Calvin Phillips.

Det. Edward says, “It is a serious offense.  The Secret Service is actually getting involved in this investigation as well and federal charges will be pending for all of the individuals involved.  It is very serious.”

Upon further investigation, detectives were led to a room at the Ramada Inn on Financial Plaza, where they recovered two laptop computers, printing paper, a printer, four cell phones, cutting devices and approximately $4,000 in printed counterfeit $100 bills.  A small amount of methamphetamine was also seized from the room.

Edward DeYoung and Antonia Hernandez were staying in the hotel room and were both arrested.  The counterfeit money seized from the room also linked DeYoung and Hernandez to the other arrested suspects and the six counterfeit $100 dollar bills that were passed on North Market Street.

Both DeYoung and Hernandez were arrested on 45 counts of monetary instrument abuse and one count each of possession of schedule II narcotics. 

Schoen, Gipson, and Phillips were each charged with one count of monetary instrument abuse.

All were booked into the Caddo Correctional Center.  Additional federal charges are still pending.

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