OAKLAND (KPIX 5) – Federal agents raided homes in the Bay Area on Wednesday over an alleged multi-million dollar operation involving counterfeit cash.
KPIX 5 was there when agents searched three homes in the East Bay connected to the investigation.
The Secret Service told KPIX 5 counterfeiters have printed and distributed $5 million in counterfeit money, the majority in $100 bills. Authorities said the year-long investigation centered in the Bay Area and that the counterfeiters used a sophisticated printing method.
At 6 a.m., agents with the Secret Service and the Department of Justice raided a home on Lacy Street in Oakland, confiscating evidence in the case. A family lives at the home, but wouldn’t disclose who they are and what they confiscated.
A few hours later, another raid linked to the investigation took place at a home on Douglas Street, also in Oakland. One man was taken into custody on charges related to evidence found at the home.
Agents also raided a home in Castro Valley, searching the property and cars for nearly six hours. No one was arrested at the Castro Valley home, but evidence was taken.
Officials said additional information about the counterfeiting case will be released in the coming days.