Phillip Noyce is in negotiations to direct The Art of Making Money, a DreamWorks project about a notorious counterfeiter who printed more than $10 million in fake bills.

According to The Hollywood Reporter, The DreamWorks project centers on Art Williams, the alias of an audacious Chicago counterfeiter who printed fake $100 bills using cutting-edge techniques and continued to do so even after he had been caught by the FBI. Last year, he was sentenced to seven years in federal prison.

The project is based on Jason Kersten's 2005 profile of Williams in Rolling Stone, with Kersten and Williams also under contract to write a book about the counterfeiter's colorful life.

Frank Baldwin is attached to write the screenplay.