COLONIE On Wednesday, April 16, Sheriff Craig D. Apple reported the arrests of Levar J. Vanhosen and David C. King for their alleged involvement in a counterfeiting operation. The counterfeiting charges stem from a seven-month investigation into the making and distribution of forged United States currency.
Levar J. Vanhosen, 37, of 754 Third Street, Albany, who is currently on parole for a similar conviction in 2007, was charged with conspiracy in the fourth and was arraigned in the Town of Colonie Court and remanded to the Albany County Correctional Facility without bail.
Also involved in the incident was David C. King, 44, of 754 Third Street, Albany. He was charged with 30 counts of criminal possession of forged instrument in the first degree, a class E felony. He was arraigned in the Town of Colonie Court and remanded to the Albany County Correctional Facility without bail.
Investigators assigned to the Albany County Sheriff’s Criminal Investigation Unit who were conducting surveillance on two subjects, observed their vehicle on Central Avenue in the Town of Colonie. The vehicle was stopped for a violation of the New York State Vehicle and Traffic Law, and, upon interview, Vanhosen and King were found to have in their possession a quantity of counterfeit United States currency. In all, the pair was in possession of $1,440 in bogus cash in denominations of $10, $20 and $100 bills. Also located were receipts for numerous gift certificates believed to have been purchased with the counterfeit funds.
With the assistance of the United States Secret Service, a search of the defendants’ residence was conducted and a quality printer and printing supplies was recovered.
The investigation is ongoing.