New York City Police Commissioner Raymond W. Kelly, U.S.
Secret Service Special Agent-in-Charge A.T. Smith and United States Attorney,
Eastern District Roslynn Mauskopf today announced the arrest of three
individuals * a father and his two sons * for operating a counterfeit money ring
specializing in fake $100 bills. The three participated in the passing of an
estimated $9.5 million in phony United States currency over the last six
All three, Uzbekistan nationals residing in Queens, were arrested
at their home after disembarking at JFK International Airport from a commercial
airliner bound from Israel. The suspects previously resided in Israel and
maintained ties there.
Approximately $7 million in the counterfeit bills
has been confiscated since 1999, while an estimated additional $2.5 million in
the bogus currency remains in circulation.
"Money doesn't grow on trees
or anywhere legally outside of the Bureau of Engraving and Printing,"
Commissioner Kelly said. "It's essential to crush any tampering with so
fundamental an underpinning of the nation's economy. Congratulations to the
outstanding work by all of the NYPD's Brooklyn North Narcotics and Intelligence
Division detectives, as well as the Secret Service agents who safeguard
America's currency here and abroad."
This investigation was initiated in
November 2003 when detectives from the Intelligence Unit received information
stemming from a counterfeit DVD/CD operation. The source maintained that a group
was selling counterfeit $100 bills from a video store located at 87-79 Parsons
Blvd. in Queens.
The Intelligence Division's investigation was augmented
by Brooklyn North Narcotics Division, Major Case Unit and the United States
Secret Service. The suspects were identified and, at the Secret Service's
request, the Police Department provided undercover detectives to infiltrate the
group and make purchases.
Those arrested this morning are Yakub Yusupov
(born 10/27/60) and his two sons, Eduard (born 11/22/81) and Pinchas (born
4/28/86). All three are residents of Queens where they operate the video store.
Among the prior arrests for these three men are one charge for statutory rape
and three charges of possession of a forged instrument.
States Attorney Gurbir Grewal, Eastern District of New York is prosecuting the
case on behalf of United States Attorney Roslyn Mauskopf.