Selbyville woman charged with the production of counterfeit money

The Delaware State Police recently charged a 31-year-old Selbyville woman with the production of counterfeit money.

Troop 4 detectives identified Jennifer Balascio as the suspect during their investigation. Investigators said they learned that Balascio possessed counterfeit denominations of $5, $10 and $20 bills, as well as forgery devices used to produce counterfeit money.

On Wednesday, Feb. 13, investigators obtained a search warrant. Shortly after, the Delaware State Police Sussex County Drug Task Force Unit, Financial Crimes Unit and the United States Secret Service responded to a home in Mallard Lakes and arrested Balascio without incident.

During a search of the suspect’s residence, police said, detectives seized counterfeit money and computer equipment allegedly used to produce counterfeit money.

Balascio was charged with the following criminal offenses: two counts of Possession of Forgery Devices, Capable of Adapting Forgery (felony); and 52 counts of Forgery 1st Degree/Alters Written Instrument of Another Person Without Authority (felony).

Balascio was arraigned and released on $27,000 unsecured bond.