Chapel Hill police arrested Cumun Tramane Fearrington, 27, of Sunset Drive, on charges of counterfeiting and drug possession.
Fearrington was arrested Thursday following the investigation of a hit and run accident, and is also cited with careless and reckless driving and hit and run, reports state.
Fearrington is also charged with felony possession of marijuana with intent to sell, misdemeanor forgery, felony drug possession and misdemeanor drug paraphernalia possession.
He was found with $6,025 of counterfeit U.S. currency and more than a quarter pound of marijuana, according to a Chapel Hill Police Department press release.
Fearrington is being held in the Orange County Jail on a $250,000 bond.
The counterfeiting investigation has been turned over to the U.S. Secret Service for further investigation.
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