Lebanese national Louay Ibrahim Hussein arrived in the United States ttoday to appear in court for distributing large amounts of fake money believed to be used in markets all over the world. This happened after a large sum of the counterfeit money was sold to an under cover agent posing as someone working in the US as a criminal. The investigation revealed that he as well as others were a part of an organization, and led him to be extradited to face trial in the United States.
Key Takeaways:
- On July 22, Louay Ibrahim Hussein had his initial appearance at the federal courthouse in Brooklyn, New York, before U.S. Magistrate Judge Lois Bloom.
- The investigation has revealed that Hussein and his co-defendants are members of a multinational criminal network engaged in the production and distribution of counterfeit U.S. currency.
- “This investigation highlights the immeasurable effectiveness of law enforcement partnerships in combatting fraud,” said Secret Service Special Agent in Charge Beach. “We will continue to work closely with our domestic and international partners to defeat criminal enterprises and protect the Nation’s financial infrastructure.”
“The investigation has revealed that Hussein and his co-defendants are members of a multinational criminal network engaged in the production and distribution of counterfeit U.S. currency. In conversations with the undercover agent and others, Hussein claimed to have access to as much as $800 million in high-quality counterfeit U.S. currency for sale to clients based in Iran and elsewhere, and offered to procure weapons, narcotics and counterfeit currency and to have them shipped through U.S. ports.”
