A Craig teenager who police say was involved in a rash of counterfeit $100 bills last year has waived his right to a preliminary hearing.
Raymond Siqueiros, 19, of Craig, was scheduled to have a preliminary hearing before Moffat County Judge Mary Lynne James on Tuesday.
But Siqueiros waived his right to the hearing, and his case has been sent to 14th Judicial District Court, said Chief Deputy District Attorney Amy Fitch, who is prosecuting the case.
Siqueiros is charged with forgery and committing a fraudulent financial transaction.
His next hearing is scheduled for Feb. 8 in district court.
If convicted of both felony charges, Siqueiros faces as many as six years in jail.
Fitch said prosecutors are discussing a plea bargain with Siqueiros' attorney, public defender Sheryl Uhlmann.
Siqueiros was one of three people arrested last month on counterfeiting charges.
Since his arrest, Siqueiros has been in Moffat County Jail. His bond is $80,000.
The arrests came after 20 fake $100 bills were passed at Craig retailers during two months.
Craig police arrested Siqueiros on Dec. 21 at a home on Third Street. Police also arrested Aaron Gallegos, 18, of Olathe, at the home on charges of possession of tools used to commit forgery.
Police say they seized money from the home, a computer, several printers, drug paraphernalia and suspected stolen mail, credit cards and checks.
Police also reported finding tools they think were stolen in a previous burglary, according to a statement by the department.
Police arrested a third suspect the next day, Sandra L. Gallosa, 32, of Craig, after a traffic stop near Sixth and Stout streets.
Gallosa faces a felony charge of possession of a forged instrument after officers say they found fake $100 bills and forged checks in the car with her.
Brandon Johansson can be reached at 824-7031, ext. 213, or email@example.com.