This week, it was announced that an Anderson, South Carolina man had pleaded guilty in federal court to Manufacturing Counterfeit Federal Reserve Notes. United States Attorney Beth Drake announced that 49-year-old Kenneth Bearden of Anderson, South Carolina had pleaded guilty. United States District Judge Timothy M. Cain accepted the guilty plea.
A sentence will be imposed after the judge has reviewed the presentence report. Evidence presented explained how Kenneth Bearden learned how to manufacture counterfeit currency from Crystal Hudson, a co-defendant who previously pled guilty in the case. Bearden distributed counterfeit to other co-conspirators to pass. He also passed the currency himself around the Upstate.
At the time of sentencing, Bearden will face a maximum of twenty years in prison and a fine of $250,000.