Longview man pleads guilty to silver counterfeiting scheme
Longview, Texas (KETK) — A Longview man will spend time behind bars after he pleaded guilty to his involvement in a silver counterfeiting scheme.
According to the U.S. Attorney's Office, James Leroy Frattarola, 47, of Longview, was accused of possessing 90 one-ounce silver bars, stamped with the impression ".999 FINE SILVER" AND "NORTHWEST TERRITORIAL MINT" with to defraud another person.
Frattarola admitted to possessing the counterfeit bars in Longview and to engaging in similar criminal conduct on other occasions involving a total of nine victims. Frattarola was indicted by a federal grand jury on Oct. 23, 2013.
Frattarola faces up to 15 years in federal prison at sentencing. He must also submit to forfeiture of the sized bars and over 100 counterfeit coins. Frattarola will also be ordered to pay a total of $28,720.40 in restitution to be divided among nine victims. A sentencing date has not been set.
This case is being investigated by the Longview Police Department, the Kingsville Police Department, the Grand Prairie Police Department, the Brazoria County Sheriff’s Office, and the U.S. secret Service and prosecuted by Assistant U.S. Attorney Jim Noble.