INDIANAPOLIS — An Indianapolis man was arrested after he reportedly created counterfeit tickets and parking passes for the Indianapolis 500 for two seasons in 2022 and 2023. Fred Dewey Bear Jr., 54, was charged with the following: Two counts of Theft, a Level 5 Felony One count of counterfeiting, a Level 6 Felony According to court documents, authorities were alerted on March 14, 2023, that a man entered a local printer shop to make 200 Indy 500 parking passes. The printing company later called the IMS ticket office about a person possibly printing off counterfeit passes. The fraudulent passes printed by Bear ended up being resold by All Seats, documents reveal. Bear made exactly $60,695 in his deal with All Seats. Items sold included Snake Pit Wristbands, Carb Day Wrist bands, and Silver Badges. According to the documents, Bear was able to get fraudulent passes to look authentic by having an inside man at IMS. The insider was a security guard and the pair exchanged several calls and text messages. In one of the messages the security guard said, "Hope you can make money at the Big 10. Let’smeet next Tues sometime for me to give you your summer items." The guard also stated when he should sell specific items because they were ship out by IMS at different times. In another text sent to Bear's mom, he sent a picture of the passes and said, "400 snake pit arm bands mom. I’m the only person in the world with these besides the ticket office which they don’t mail out until March 27th. Crazy ug." To which his mom replied, "Awesome." The conversation continued: Bear: 400 of these paid $10,700.00. If I sell them all for $75.00. That gives me $30k for all. Mom: You need to get on that. Bear: I can’t sell any of them until March or my guy will get into trouble The value of all the items from IMS that Mr. Bear sold to All Seats was $152,600. It was determined that Vivid Seats, SeatGeek, and StubHub were found selling counterfeit IMS parking passes. There was also a booth near the Indy 500 selling fake passes. Further, it was found that Bear may have defrauded several other events in the area. Bear was previously arrested last month for theft and money laundering, both felonies, for defrauding Mays Chemicals. According to court documents, an agreement was made that Mays Chemical would receive the funds from the proceeds of the sale minus a $10,000 commission. However, on Dec. 27, 2021, Bear sold those items to Ticket Exchange, Inc. for $75,000 and had those funds routed through another individual's bank account. Bear has never paid Mays Chemical any funds from that ticket sale. Further, Ticket Exchange, Inc. allowed Bear to sell the tickets, but Ticket Exchange, Inc. has never received any funds for the sale of those tickets nor the return of the tickets. This is an active investigation. Information will be updated as it becomes available.