Everybody's got a new scam. According to this CBC News article, counterfeiters in Canada are faking $100 bills using the holograms taken from real five or 10 dollar
Police are warning Albertans to watch out for phony Canadian bills, particularly the $50 and $100, which fraudsters are splicing together in a "frankenstein"
creation – using the holograms of real five or 10 dollar bills.
"What they're doing is, what we're calling Frankenstein-ing the notes," he said. "They're taking a legitimate five dollar bill and cutting out the
five dollar bill hologram, taking that hologram and taping it into a counterfeit $50."
The phony bills are easily spotted with the naked eye, Stubbs told the Calgary Eyeopener – but most people aren't looking.
If you're curious, hold it up – a 50 dollar bill will have a 50 inside the translucent maple leaf. This is what the fraudsters are trying to replicate.
They cut a No. 5 out of a real $5 bill and paste it onto the hologram of the fake $50, he said. Most people wouldn't notice the zero is missing.
Stubbs says quick transaction business, like gas stations or retail outlets, are more likely to be targeted, because the customer can leave quickly after paying.
To read the complete article, see:
Keep an eye out for counterfeit 'Frankenstein' bills: RCMP
Wayne Homren, Editor
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