After about 10,000 counterfeit toonies were discovered circulating in Canada, an Ontario man was charged.
An inquiry was initiated in the summer of 2021 when the Royal Canadian Mint detected a “ongoing counterfeit currency issue through their random sample method,” according to the RCMP.
The RCMP seized about 10,000 counterfeit toonies that had been inserted into the Canadian banking system, according to police.
According to officials, there could yet be more counterfeit coins in circulation.
The key distinguishing feature of the recovered counterfeit two-dollar coins, according to police, is a “split-toe” on the right front paw of the Polar Bear, which resembles a “claw.”
“The unique characteristics on Canada’s circulation coins make them among the most secure in the world,” James Malizia, Vice-President of Corporate Security at the Royal Canadian Mint, said in a statement on Monday. “To safeguard the integrity of Canada’s coin supply, the Royal Canadian Mint will continue to work closely with financial institutions and the RCMP.”
Daixiong He, 68, of Richmond Hill, has been charged with uttering counterfeit money and possessing counterfeit money, according to the RCMP.
He was arrested and freed on an undertaking, according to police. On June 2, he will appear in a Newmarket court.
In court, the charges were not proven.
WHAT SHOULD YOU DO IF YOU GET FAKE MONEY?
If you feel you’ve been given a counterfeit note, the Bank of Canada provides some advice.
During a business transaction
If you think you’re being offered a fake note, examine the circumstances to make sure you’re not in danger. Then take the following steps:
Refuse the note politely and explain that you feel it is phony.
Request another note (and check it too)
Advise the individual to check the note with the local police department.
Notify your local police department about a probable attempt to pass counterfeit money.
Be respectful. Keep in mind that the individual holding the bill could be an unwitting victim who is unaware that the message is odd.
Following a transaction,
Give it to the local police if you feel you’ve received a counterfeit note.
You’ll receive it back if it’s genuine.
Ted Raymond of CTV News Ottawa contributed files.