Fake $50 bills circulating Shediac: Know what to look for in funny money
Shediac businesses are the latest to have been hit with fake Canadian bills in the province — RCMP have received reports of counterfeit $50 Canadian bills being circulated in the lobster capital.
The first counterfeit bills were reported on July 25, when a local bank contacted police after getting a counterfeit $50 deposited at their institution. Since then, two other incidents involving counterfeit $50 bills have been reported.
Investigators believe purchases are being made with the counterfeit money in order to receive real currency in exchange.
All of the bills have similar identifying marks indicating they are fake:
- The bills are smaller than usual
- There is partial to no lifted braille on the bill.
- The Canadian leaf found on the corner of the bill is white, on legal currency it should be transparent.
- The hologram on the bill has been removed from other Canadian currency and attached to the counterfeit bill.
- The contour around the hologram part of the counterfeit bill is ‘cut out’ in order to insert a hologram from a real Canadian dollar bill.
- The hologram part of the bill has the number 5 on it instead of 50
- Some of the counterfeit bills have the same serial number
The RCMP is reminding local merchants and their employees to examine and verify all currency that is given to them, and to report any suspicious bills to their local RCMP detachment.
For more information on detecting counterfeit bills and what to do if you receive one, visit the RCMP’s webpage about counterfeit activity in Canada.