Prescott Valley couple arrested in counterfeiting scheme

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Edwin Jaramillo and Erica Pimentel By Jennifer Thomas Edwin Jaramillo and Erica Pimentel By Jennifer Thomas
Edwin Jaramillo By Jennifer Thomas Edwin Jaramillo By Jennifer Thomas
Erica Pimentel By Jennifer Thomas Erica Pimentel By Jennifer Thomas

PRESCOTT, Ariz. -- Prescott police have arrested a couple in an alleged counterfeiting scheme.

Today police took 47 year old Edwin Manual Jaramillo and his 29 year old fiancee Erica Shay Pimentel into custody. Investigators say the Prescott Valley couple has been passing fake $20 bills at several area locations, including restaurants, grocery stores and both Walmarts in Prescott. 

Prescott Police first got wind of the counterfeiting scheme last month, when they connected Jaramillo and his vehicle to scene of several counterfeiting crimes. Over the past few weeks, detectives uncovered more information about the pair.

Then late last night, Prescott Valley officers located Jaramillo's car being driven by his fiancee. Police stopped Pimentel, and discovered she was driving on a suspended Arizona drivers license.  She was arrested and the vehicle was towed.  

Evidence of the counterfeiting was located inside the vehicle. And police say Pimentel was also in possession of several fake $20 bills. A search warrant was served on the home that the two suspects share in Prescott Valley. More evidence related to the counterfeiting scheme was recovered inside the home, including equipment to make the bills. 

Jaramillo was also reportedly found in possession of heroin and drug paraphernalia.  He was arrested and booked into Yavapai County Jail on charges of fraud, money laundering, forgery and several other charges related to the illegal drugs. Pimentel was also charged with fraud, money laundering, forgery and operating a motor vehicle on a suspended license. She was also booked into Yavapai County Jail.

Police believe that the couple passed the counterfeit bills in several different cities in Yavapai County, including Cottonwood and Camp Verde. They also believe they have additional victims in the Phoenix and the surrounding cities. They’ll continue to investigate the counterfeiting scheme, and say that more charges possible.