Fake toonies seized in Canada: How to tell if you have one & More News Here

An Ontario man has been charged after roughly 10,000 counterfeit toonies had been found circulating in Canada.

According to the Royal Canadian Mounted Police (RCMP), an investigation was launched in the summer season of 2021 after the Royal Canadian Mint found an “ongoing counterfeit currency issue through their random sampling process.”

Police stated via the investigation, the RCMP seized roughly 10,000 counterfeit toonies, which had been positioned into the Canadian banking system.

According to police, there could also be extra counterfeit cash nonetheless in the foreign money system.

Police stated the seized counterfeit two-dollar cash may be distinguished by their main attribute flaw of getting a “split-toe” on the correct entrance paw of the Polar Bear, which resembles a “claw.”

“The unique features on Canada’s circulation coins make them among the most secure in the world and allowed these counterfeit pieces to be identified and removed from circulation quickly,” James Malizia, Vice-President of Corporate Security on the Royal Canadian Mint, stated in a press release Monday. “The Royal Canadian Mint will continue to work closely with financial institutions and the RCMP to ensure the integrity of Canada’s coin supply.”

The RCMP stated they arrested 68-year-old Richmond Hill man Daixiong He, who has been charged with uttering counterfeit cash and possession of counterfeit cash.

According to police, he was arrested and launched on an endeavor. He will seem in a Newmarket court docket on June 2.

The prices have not been confirmed in court docket.

WHAT SHOULD YOU DO IF YOU GET FAKE MONEY?

The Bank of Canada has tips about what to do if you suspect you’ve been given a counterfeit.

During a transaction

If you suspect that you’re being supplied a counterfeit be aware, assess the state of affairs to be certain that you usually are not in danger. Then, do the next:

• 
  Politely refuse the be aware and clarify that you suspect it could be counterfeit
• 
  Ask for an additional be aware (and verify it too)
• 
  Advise the individual to verify the be aware with the native police
• 
  Inform your native police of a doable try to go suspected counterfeit cash
• 
  Be courteous. Remember that the individual in possession of the invoice might be an harmless sufferer who doesn’t notice that the be aware is suspicious

After a transaction

• 
  If you suspect that you’ve acquired a counterfeit be aware, give it to the native police
• 
  If it is actual, you’ll get it again

With information from CTV News Ottawa’s Ted Raymond

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