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TAMPA, FL — United States Attorney Maria Chapa Lopez announced the return of an indictment charging Eugene Stephan Cole, 30, of Tampa with possession of credit card manufacturing equipment and producing counterfeit credit cards.
If convicted on both counts, Cole faces a maximum penalty of 25 years in federal prison and payment of restitution to the victims that he defrauded. The indictment also notifies Cole that the United States intends to forfeit various items of equipment and computer media used by Cole to produce counterfeit credit cards.
Cole was arraigned in federal court Monday in Jacksonville. His trial is set for March 1.
According to the indictment, on March 4, Cole possessed items related to manufacturing counterfeit credit cards, including a credit card encoder/recoder, a card embosser, an Apple iPad and multiple Apple iPhones.
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