In May 2012, Canadian police seized $1 million worth of fake US $20 bills and arrested four suspects in Trois-Rivieres, Quebec.
The officers on the scene were immediately struck by the quality of the counterfeit notes.
“It’s highly sophisticated, no doubt about that,” Sergeant Andre Bacon of Canada’s federal police force, the RCMP, told CBC news at the time.
Police described the fake notes as “virtually undetectable to the naked eye,” in an archived press release from 2014. As well a looking just right, the counterfeit twenties felt identical to real notes, and came with a “dark vertical stripe,” which perfectly imitated the security thread on real twenties. The way banknote paper feels is a large part of currency security – it is made in only one mill, which only makes money.
Local man Francois Bourassa was immediately charged with the “production, possession and distribution of counterfeit currency” and is the only suspect named in the CBC report.
However, due to the remarkable quality of the counterfeit cash, police assumed it was the work of a large and sophisticated criminal gang. Perhaps that’s one reason why Bourassa served only six weeks in prison and paid a fine of around £1,000, after handing in $200 million in counterfeit $20 bills before facing trial.
Bourassa says he made $250 million of fake notes in total. A question Frank often gets asked is, where’s the rest, the missing $50 million? The missing stack of bills weighs about 2.5 tonnes and, if stacked on top of eachother, would reach 250 metres high.
“You would have to ask my accountant about that … it implies complex mathematical questions,” Bourassa, who refers to himself as the “Counterfeit God,” told Business Insider.
The following account of Frank’s story comes directly from an interview we conducted with Bourassa, as well as contemporary media reports, and a small number of press releases relating to the case, known by police as “Operation CRANIUM.”
Key dates of the case have been confirmed to Business Insider by theTrois-Rivieres courthouse. The US Secret Service and Interpol did not respond to requests from Business Insider for comment.
The story appeared here
Feature image courtesy techinsider
