Cops issue counterfeit money warning
VPD Sgt. Jim Scott of the financial crime unit holds up real (top) and counterfeit (bottom) $100 bills during a press conference in Vancouver Wednesday. (CARMINE MARINELLI, 24 HOURS)
Police are warning that counterfeit money has flooded the city, with more than 500 $100 bills seized by them and banks in the last four months.
"A lot of the suspects we have are under 30 - to them this is a lot of money if they can scam someone for their iPod and sell it," said Vancouver police Sgt. Jim Scott said Wednesday.
Counterfeiters have focused on two different scams to get the fake bills into circulation. Sellers on Craigslist have been targeted, with the crooks using the phony money to buy electronics.
The less common scam has seen counterfeiters target young employees at restaurants and gas stations who are inexperienced at detecting fake bills.
"We are asking the public if they are going to be dealing in large cash transactions that they have some education on what a counterfeit note looks like," added Scott.
The Bank of Canada suggests people hold the bill to the light and look for a watermark in the white section of the bill.
A real bill held up to a light also reveals a thread that runs along right-hand side of the bill's face. The thread is easily visible, and is embedded into the paper.