|Chiswick Pensioner Pleads Guilty To Making Counterfeit Money|
83 year old resident housed printing machine in his Bolton Road home
A Chiswick pensioner has admitted to being part of a gang that manufactured millions of pounds worth of counterfeit notes.
83 year old Dennis Hancox kept the printing machine used to produce the fake money in his Bolton Road home.
The court heard how officers recovered £600,000 in forged £20 notes and more than 6,000,000 in 50 Euro notes from the address after the gang was arrested in 2007.
The counterfeiting operation began in Glasgow in October 2006 before the decision was made to move production to Hancox's Chiswick home a month later.
Hancox pleaded guilty to conspiracy to deliver counterfeit notes, along with eight other members of the gang. Three other men deny the charges.
The trial continues.
February 11, 2009