Tuesday, 16 October 2018
BREAKING NEWS

Not-so funny money: Police concerned as counterfeit $50 notes reported to be in use

Not-so funny money: Police concerned as counterfeit $50 notes reported to be in use
04 Oct
2:33
DODGY NOTES: Fake $50 notes were circulated in Orange earlier this year. The darker note at the top is the counterfeit.

DODGY NOTES: Fake $50 notes were circulated in Orange earlier this year. The darker note at the top is the counterfeit.

CENTRAL West Police District officers are warning business owners and staff to keep an eye out for counterfeit notes after one was used in Orange on the long weekend.

On Saturday a counterfeit $50 note was passed at a business in north Orange.

As such, police are asking people who accept and handle cash in their employment – especially in the food, service station and licensed premises sectors – to check all $50 notes during exchanges of goods.

SPOTTING A FAKE: There are some telltale signs a bank note is a counterfeit. Photo: CENTRAL WEST POLICE DISTRICT

SPOTTING A FAKE: There are some telltale signs a bank note is a counterfeit. Photo: CENTRAL WEST POLICE DISTRICT

They advise the fake notes are generally poor in quality and should be easy to identify upon inspection.

If a counterfeit note is found, police ask that it be seized and handed to police.

While businesses or individuals who hand in counterfeit cash aren’t entitled to compensation when handing in the notes, Central West Police District Chief Inspector Dave Harvey had previously said he hoped people would still reach out to police to help them clamp down on the fake bills. 

To date, Orange police have charged one person with manufacturing, possessing and disposing of counterfeit currency.

That person was sentenced to 12 months in jail, but possessing large quantities of fake money can lead to up to 10 years in prison or a $50,000 fine, while creating the cash can lead to a 14-year jail term or $75,000 fine.

Source: https://www.blayneychronicle.com.au/story/5682576/not-so-funny-money-police-concerned-as-counterfeit-50-notes-reported-to-be-in-use/

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