RCMP warn of counterfeit money scam

(Submitted/RCMP)

The Southeast District RCMP is urging business owners to be on the lookout for counterfeit bills after receiving reports of fake $50 Canadian bills circulating in Shediac.

Police say the first counterfeit bills were reported on July 25 by a local bank that had a fake $50 deposited at their institution.

Two other incidents involving counterfeit $50 bills have been reported, and investigators believe purchases are being made with the fake bills in order to receive real currency in exchange.

RCMP say all of the bills have similar characteristics indicating they are fake:
- The bills are smaller than usual;
- There is partial or no lifted brail on the bill;
- The Canadian leaf found on the corner if the bill is white instead of transparent as it appears on legal currency;
- 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;

Police are reminding local merchants and employees to examine and verify all currency that is given to them, and to report any suspicious bills to their local RCMP detachment.