Milan woman arrested; accused of cashing counterfeit savings bonds
According to the criminal complaints, the defendant, identified as Dannatta Binion, 37, knowingly cashed a counterfeit U.S. Savings Bond at TBK Bank on Jersey Ridge Road in Davenport on October 18, 2024. Binion cashed the counterfeit bond for a total of $2,073.60. The bond was returned as counterfeit to TBK Bank on December 10, 2024.
Binion allegedly deposited four counterfeit United States Savings Bonds at TBK Bank on Kimberly Road in Davenport on October 28, 2024, for a total of $8,294.40 or $2,073.60 per bond. All four bonds were returned as counterfeit to TBK Bank on November 20-21, 2024. All the bonds were marked as issued on June 19, 1992, which is consistent with the dates on other counterfeit bond cases in the area. The bonds were made out to Binion with an address where she lived in 2016. That would have been impossible to have printed on the bonds in 1992.
The complaint says Binion opened the checking account with TBK Bank the same day she began to cash and deposit the counterfeit bonds. She is accused of cashing similar counterfeit bonds at other TBK Bank locations in Bettendorf and Milan. Binion admitted in a post-Miranda interview to cashing and depositing the bonds.
A warrant was issued for Binion's arrest on March 18, and she was arrested on March 25 on seven counts of felony forgery and two counts of felony second-degree theft. She is being held in the Scott County Jail on a combined secured and cash-only bond of $10,000 while she waits for an initial court appearance.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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