A Fort Walton man was arrested in Troy Friday after police reportedly found meth in his vehicle when he attempted to use a counterfeit bill at a local bank.

Walter Conley Walker, 41, is charged with first-degree possession of a forged instrument and possession of a controlled substance with intent to distribute in connection with the crime.

“Walker attempted to exchange a torn counterfeit $100 bill for a better one,” said Troy Police Chief Randall Barr. “Bank employees immediately recognized the bill given to them by Walker as counterfeit and notified police. When interviewed by investigators, Walker gave multiple accounts of how he came to be in possession of the bill.”

Walker had three outstanding alias warrants on him issued by the Troy Municipal Court. Walker was taken into custody on the warrants and his vehicle was impounded.

“Prior to the wrecker arriving to pick up the vehicle, officers inventoried Walker’s vehicle and located a plastic bag containing a significant amount of a crystal-like substance under the driver’s seat,” Barr said. “The contents of the bag field tested positive for methamphetamine.”

Walker was booked into the Pike County Jail on the charges, both Class B Felonies, on a $10,000 bond. Class B Felonies are punishable by up to 20 years in prison.