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Police offer tips to outsmart Craigslist counterfeiters

Police offer tips to outsmart Craigslist counterfeiters
Hundreds of fake $100 bills seized
Dan Burritt Jul 27, 2011 14:38:50 PM
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VANCOUVER (NEWS1130) - Can you tell if you've been handed counterfeit Canadian money?

Vancouver Police, the RCMP and the Bank of Canada are offering tips after a slough of phony bills were seized in Metro Vancouver since the spring.

Police have grabbed 500 fake $100 bills and say they have been used by people agreeing to buy stuff on Craigslist.

Farid Salji with the Bank of Canada says to check at least two security features on a bill.

"In the white portrait, there's a watermark," he explains. "This is going to be the same portrait of the individual with the denomination there on the shoulder.

"The second security feature is the irregular marks beside the large denom and on the back of the bill beside the security thread."
        
There are also four stitches in the back of a bill that form a thread and a solid line when held up to light.

Sgt. Jim Scott with the VPD's Financial Crime Unit held up an authentic bill alongside a counterfeit one.
        
"If I just twist [the real bill] a little bit, I can see the puzzle piece makes a full one hundred.  I can see the little image and I can the line," Scott says.  "When I take my counterfeit money, I twist it.  There's no line, the puzzle piece does not fill in and there's nothing in the hologram," he says.

The Better Business Bureau says employees working alone and young workers are favourite targets of counterfeiters.


VPD Sgt. Jim Scott with the Financial Crime Unit explains that if you twist a real $100 bill (top), a holographic puzzle piece makes a full one hundred. On a fake bill, there's nothing in the hologram.

Farid Salji with the Bank of Canada says to check at least two security features on any bill. A watermark should appear in the white portrait, as well as irregular marks beside the large denom and on the back, beside the security thread.
http://www.bankofcanada.ca/
http://vancouver.ca/police/organ ... inancial-crime.html
http://mbc.bbb.org/

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