Colonie police investigate phony funds

Winn said there is no guarantee the money was produced locally, and it is even possible the money could have been made outside the U.S.

He said area stores have noticed several instances where phony $50 and $100 bills were used, but the smaller bills were a change of pace.

"Most business are carefully scrutinizing those bills," he said of the larger ones, but said the smaller ones get lost in the shuffle.

The repeating serial numbers was a tell tale sign of fakes, he said, but he also pointed out that the paper, lack of water marks and raised printing and other missing security features also give them away.

"The bills, upon first glance, look real," he said. "They passed the initial mustard check."

Comparing them to real bills though, the differences are evident. Winn said retailers who take in fake bills are not legally at fault, but do suffer the loss of selling merchandise and not getting paid for it.

Goddard and Midyette were arraigned and sent to the Albany County Correctional Facility.


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