An Ontario man has been charged after circulating approximately 10,000 counterfeit toonies and will appear in court on June 2.
According to RCMP, an investigation launched in the summer of 2021 after the Royal Canadian Mint discovered an “ongoing counterfeit currency issue through their random sampling process.”
Police said through the investigation, the RCMP seized approximately 10,000 counterfeit toonies, which had been placed into the Canadian banking system. There may be additional counterfeit coins still in the currency system.
The coins can be distinguished by their primary characteristic flaw of having a “split-toe” on the right front paw of the Polar Bear, which resembles a “claw.”