Penalties for Forgery. Counterfeit Currency.One common criminal offense involving forgery is possessing or usage of fake currency. Additionally, Consumer Affairs advises businesses how to comply with the Consumer Fraud Act to avoid consumer complaints and possible fines. In some cases, fraud on real property is not discovered for years; this service helps to notify property owners in a more timely fashion. Do you need a lawyer for a fake ID charge at Rutgers University in Piscataway? Forgery is a serious crime that carries the possibility of a state prison sentence upon conviction.