By ROBIN SHANNON

L’Observateur

LAPLACE – A LaPlace man accused of producing fake currency was charged Thursday in Federal Court with making counterfeit obligations of the United States.

A Federal Grand Jury in New Orleans charged Michael Sly, 40, in a one-count indictment, according to a release from U. S. Attorney Jim Letten.

According to court documents, at some time prior to April 17, 2009, Sly produced three counterfeited $100 Federal Reserve Notes. Sly faces a maximum term of 20 years in prison, a fine of $250,000 and three years of supervised release following any term of imprisonment.

The case is being investigated by special agents of the U.S. Secret Service and detectives from the St. John the Baptist Parish Sheriff’s Office.