Suspect arrested in counterfeit cash case | Crime

On Thursday a judge found probable cause to charge Matthew James Price with 1st Degree Forgery.

According to court records, on November 28, 2012, Price attempted to purchase $80 in gas and $20 in lottery tickets from the Kum & Go Store on East Johnson.

Detective Chad Hogard of the Jonesboro Police Department says Price handed the clerk five $20 bills.  When “she noticed they were fake and told him she could not accept them,” Hogard reported Price “pulled out some more money,” paid for the items and left the store.

During a police interview on January 9, Price reportedly told Detective Hogard he received $200 in phony $20 bills when he bought “some hydros and Xanax.” 

Price reportedly told the detective it took him three or four attempts at different stores to get rid of all the counterfeit bills. 

Detective Hogard said he asked Price if he continued to pass the bills even after he knew they were fake.  Price reportedly answered “yes.”

According to Hogard, “I asked him if he went back to the individual who gave them to him and he said ‘yes’ and all he said was he was sorry.”

Price is due back in court on February 28.