Man Accused Of Money Scam At Library 5-10-2010 - WSMV Channel 4

Man Accused Of Money Scam At Library 5-10-2010

Reported By Larry Flowers
LaVERGNE, Tenn.A man has been arrested on suspicion of ordering fake money from Nigeria and selling it for real cash on the streets of LaVergne. He was using the public library's computer for his money scam, said LaVergne police.

Video: Police Say Library Computer Used For Scam


The bogus bills are only a small part of evidence against 23-year-old Olamide Oladinni. For months, LaVergne police have set up deals ordering counterfeit money from Oladinni using an undercover officer.
"When we order like we did in six months just on a hit-and-miss basis and you get over $254,000, a quarter of a million dollars, we don't know what somebody else got," said LaVergne police Chief Ted Boyd.
LaVergne police said they aren't sure how widespread this fake money scheme reaches. And it wasn't just bogus bills, you could also order fake money orders from Oladinni, up to $950 each.
"He was bringing those over already printed out," Boyd said. "All you had to do was sign them go to the bank and cash them in and they were good; these notes were good."
Police were surprised to find out just where Oladinni was placing the orders. He used computers at the LaVergne Public Library.
"He felt more comfort inside the library, when he was talking to a undercover agent, he felt more comfortable there," Boyd said. "He went on the computer there and told the officer that's what he was doing, ordering the money."
The money looked so real it even fooled LaVergne police at first. That was, until they noticed one of the serial numbers was not in line, so they called Secret Service.
Thursday, Oladinni's fake money ring came to an end. He was arrested in the parking lot of a KFC by LaVergne police, Secret Service and U.S. Immigration and Customs Enforcement officers. Police said this was an elaborate operation and that most of the fake bills passed the pen mark test.
"This was no fly-by-night stuff; this was good stuff. It took some time to do this. And I believe the Secret Service believes it was pressed, not printed," said Boyd.
Oladinni was arrested in 2008 for trying to use a counterfeit $100 bill.

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