News reports out of New York City and Nassau County on Long Island reports that a 49 year old suspect has been passing bogus $50 and $100 bills in the area. Another suspect was arrested in Manhattan. Although suspects have been arrested, the New York Field Office of the US Secret Service is warning those in the metropolitan New York area that there may be more suspects and phony money in circulation. Secret Service has issued fliers showing the public what the fake bills look like.
- Click here to view the flier describing the counterfeit $100 bill
- Click here to view the flier describing the counterfeit $50 bill
In an unrelated story, a Buffalo man plead guilty to charges for his role in transmitting fake Toronto Transit Tokens into Canada. Tokens were made at an American token manufacturer and were to be sold in multiple shipments to Canadian dealers. These tokens have a face value of C$2.50. The real tokens were minted by the Royal Canadian Mint.
The Toronto Transit Commission (TTC) estimates that 40 percent of its tokens were counterfeit. To prevent further counterfeiting, TTC introduce a two-toned token and stopped accepting the old tokens on February 1.