Easthampton Man Pleads Guilty to Counterfeiting $20 Bills
36-year-old Shayne Pancione pleaded guilty to manufacturing and distributing counterfeit United States currency in 2011.
He appeared before U.S. District Judge, Michael Ponsor today in Springfield.
Between August 28 and September 6, 2011, Pancione made and distributed counterfeit $20 bills in Easthampton and Southampton.
His sentencing is scheduled for April 1, 2013. The maximum sentence under the statute is 20 years in prison, followed by five years of supervised release and a $250,000 fine.
The announcement comes from Easthampton Police Chief Bruce McMahon, United States Attorney Carmen Ortiz, and the Secret Service.