Barrie police seized approximately $1.5 million in counterfeit currency during a search warrant executed at a home in Whitby, Ont. as part of a fraud investigation. (Image supplied - Barrie Police Service)
Barrie police say a business deal gone bad has led to two arrests and a massive counterfeit cash bust.
Investigators say this started late last year, when police were alerted to a private business sale in which the owner accepted a large cash down payment in Canadian currency, only to discover later the money was fake.
Police began an investigation, which led officers to a home in Whitby last Friday.
Authorities executed a search warrant last Friday that resulted in the seizure of counterfeit currency with a face value of about $1.5 million.
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A 51-year-old man has been charged with the following:
- fraud over $5,000
- possession of counterfeit money (x2)
- making or having or dealing in instruments for counterfeiting
- making counterfeit currency
A 32-year-old woman has been charged with:
- possession of counterfeit money (x2)
- making or having or dealing in instruments for counterfeiting
- making counterfeit currency
The investigation is ongoing.
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