Historic Bust: Massive Counterfeit Coin Operation Exposed, Unveiling Unprecedented Scale of Fake Toonies in Canada.
In a groundbreaking development, a Quebec man, Jean-Francois Généreux, faces charges after a massive counterfeit currency operation was exposed, involving the importation of thousands of fake Canadian $2 coins, colloquially known as “Toonies,” from China. This case is believed to be the largest of its kind in Canadian history.
The investigation, led by Canada Border Services Agency (CBSA) officer Caroline Landry, unfolded when a package from China arrived at a FedEx warehouse in Montreal-Mirabel International Airport in January. The package, declared as containing 10,000 “metal badges” from a clothing company, raised suspicions as CBSA officials discovered approximately 12,000 counterfeit $2 Canadian coins inside.
Subsequent analysis by forensic specialist Jennifer Merritt of the RCMP’s National Anti-Counterfeiting Bureau confirmed the coins’ alleged inauthenticity, citing “differences in graphical detail and quality when compared to genuine Royal Canadian Mint $2 coins.”
'Companies in China are pumping out thousands of fake Canadian $2 coins and selling them to buyers here in North America through online web e-commerce platforms.' https://t.co/h40X2rCwnL
— Stewart Bell (@StewGlobal) November 21, 2023
Further scrutiny revealed that Généreux, identified as the recipient, had received two prior shipments of similar “metal badges” in December 2022. CBSA, suspecting Généreux of being involved in a broader counterfeit money smuggling scheme, placed him under surveillance.
A subsequent raid on Généreux’s home and a storage unit in February led to the seizure of an additional 14,581 allegedly fake Toonies. Combined with the January discovery, this marks the largest known seizure of counterfeit Toonies for any individual in Canada.
Généreux, with a history of prior convictions related to counterfeit money and fake documents, now faces charges in connection with this elaborate counterfeit coin operation. The CBSA’s allegations, though unproven in court, underscore the unprecedented scale of this counterfeit currency scheme.
“This is the largest known seizure of (allegedly) fake Toonies for any one individual in Canada,” commented counterfeit coin expert Mike Marshall, highlighting the significance of this historic bust.
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