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Largest counterfeit bust in 20 years

by Rob Peters | June 9, 2008 at 05:28 pm | 550 views | 1 comment

A pair of 20-somethings have been charged in a counterfeit scheme worth more than $4 million (in fake Canadian twenties).

Whoever says "crime doesn't pay" has never tried making bank notes.

But Police say that's just what two Toronto area suspects did. 

Two people were charged in what's being called the largest counterfeit bust in 20 years: a 24-year-old Torontonian named Rehan Bawania, and Markham resident Kusan Rasanayagam, 26.

After what's described as an "intensive investigation," police took action on May 30th, seizing the alleged fraudulent cash and printing equipment.

The accused are said to have had rather lofty ambitions: counted in the capture was over $4 million in counterfeit Canadian twenty dollar bills.

The Greater Toronto Area Commercial Crime Section of the Royal Canadian Mounted Police teamed up with the York Regional Police to capture and dismantle the alleged money printing plant in Markham.

But your wallet should be safe for now.  It's believed the notes were found before any were distributed.

Still, the Bank of Canada reminds you to give close attention to bills as they're handed over, so you don't unwittingly accept fraudulent payment.

Distribution is said to happen when criminal organizations purchase the funds and pass them into general circulation.  Unsuspecting merchants lose out on the full value of the bills.  Inspector Brian Verheul, officer in charge of the RCMP's Greater Toronto Area Commercial Crime Section, says this affects our nation's overall business operations.

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liamssoft
good stuff:

Rob Peters, I like this story. It's good stuff. We have had a spate in the UK of counterfiet £20. Very hard to spot.

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June 9, 2008 at 05:28 pm by Rob Peters, 550 views, 1 comment

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