Fredericton police have issued a warning to local businesses about a noticeable increase in counterfeit currency being used for transactions. According to authorities, several reports have emerged in recent weeks involving fake $100 bills that have been passed off as genuine at various establishments across the city.
Rise in Counterfeit Activity
Police officials stated that the counterfeit notes are of varying quality, with some being easily detectable while others are more sophisticated. The fraudulent bills have been used to purchase items ranging from small goods to larger transactions, causing financial losses for unsuspecting business owners.
“We are urging all retailers and employees to be extra vigilant when handling cash, especially larger denominations,” said a spokesperson for the Fredericton Police Force. “If you suspect a bill is counterfeit, do not accept it and contact police immediately.”
How to Spot Fake Bills
Authorities have provided tips for identifying counterfeit currency, including checking for the raised ink on the shoulder of the portrait, the watermark visible when held to light, and the security thread embedded in the paper. Businesses are also encouraged to use counterfeit detection pens or UV lights.
Police are investigating the source of the counterfeit bills and have not yet made any arrests. They are asking anyone with information to come forward.
Impact on Local Businesses
Local business owners have expressed concern over the trend, with some reporting multiple incidents. “It’s frustrating because we work hard for our money, and then someone comes in and steals from us with fake bills,” said one shopkeeper. The police are collaborating with the Royal Canadian Mounted Police and other agencies to track the origin of the counterfeit currency.
Residents and business owners are advised to report any suspicious activity or counterfeit bills to the Fredericton Police Force at their non-emergency number.
