5 high school students arrested in counterfeit money case - WBTV 3 News, Weather, Sports, and Traffic for Charlotte, NC

5 high school students arrested in counterfeit money case

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Five students are accused of printing phony cash and spending it at school and other places. (Source: NEWS 12 NEW JERSEY/CNN) Five students are accused of printing phony cash and spending it at school and other places. (Source: NEWS 12 NEW JERSEY/CNN)

NEW MILFORD, NJ (NEWS 12 NEW JERSEY/CNN) – Five New Jersey teens stand accused of a counterfeit money scheme that has landed them in big trouble.

Police say, instead of getting jobs, the New Milford High School students decided to make money at home by printing it themselves.

Investigators say one teen printed more than $1,000 in phony cash using resume paper and an inkjet printer.

The student shared the fake fortune with friends.

The group spent the $5 and $20 bills at several retailers before a Dunkin Donuts spotted the counterfeit cash and reported it to police.

"Detectives reviewed surveillance and noticed the offenders had the Milford attire on," New Milford, NJ Police Chief Frank Papapietro said.

School officials say the teens even passed off one of the phony bills at the cafeteria.

Now, the school is conducting its own internal investigation.

All of the teens involved will face disciplinary action.

Copyright 2014 News 12 Jersey via CNN. All rights reserved.

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