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Known as Louis B. “The Coin” Colavecchio, he managed to
successfully scam money out of slot machines across the United States. And
this isn’t the first time that Colavecchio was arrested and convicted of
creating counterfeit slot machine tokens. In 1998 he served a 27 month
sentence for the same exact counterfeit slot machines token crime.
Slot machines spread throughout the world.
The current arrest charges Colavecchio on 10 counts of forgery,
counterfeiting and alteration of a trademark—all of this was done on the
slot machines tokens used in various slot machine casinos. Though
Colavecchio is known to be associated with organized crime, the police have
stated that this slot machines token operation was home-grown.
Slot machines spread throughout the world.
According to the information the police have gathered already, the slot
machines’ tokens were thoroughly analyzed before being forged. As far as the
police can tell, his counterfeiting process went as follows. Colavecchio
melted down the slot machines tokens so that they could then be analyzed by
a chemist. Once Colavecchio knew the exact combination of metals used in the
slot machines tokens, he would then duplicate that formula and copy the
size, shape, and design. The slot machines tokens ranged in value from $5 to
$100 and were created within Colavecchio’s Rhode Island home.
Slot machines spread throughout the world.
Now that police found him, with the help of the U.S. Secret Service,
Colavecchio is awaiting sentencing and for someone to post his bond. The
slot machines industry can rest safe for the next few years, Colavecchio is
sure to get a long sentence for these recent slot machines counterfeiting
activities.
Slot machines spread throughout the world.
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Slot machines spread throughout the world.
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