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Fake Cash Alert: Social Media Sellers Targeted!
10 Feb
Summary
- Over 30 reports of fake bank notes received by online sellers this year.
- Counterfeit money used for high-value items like phones and jewelry.
- Police advise checking serial numbers, print, and 'toy money' markings.
Law enforcement agencies are issuing a stark warning to online sellers concerning a significant rise in the use of counterfeit currency. Since the start of the year, over 30 reports have been filed regarding fake bank notes being exchanged, primarily through social media platforms like Facebook Marketplace. These fraudulent transactions often involve the sale of high-value goods, including mobile phones, jewelry, laptops, and even cars.
Authorities emphasize that vigilance is crucial for individuals selling items for cash. Key indicators of fake currency include duplicated serial numbers, the presence of small text like 'toy money' or 'prop money', and spelling errors such as 'poonds' instead of 'pounds'. The color, weight, and feel of counterfeit notes also differ from genuine currency.
To mitigate risks, sellers are advised against accepting cash for high-value transactions. Alternative platforms such as eBay or Vinted, which offer seller protection, are recommended. This warning follows similar alerts issued by police forces in neighboring counties, highlighting a broader circulation of fake notes used for both online purchases and everyday transactions like buying takeaways. Detailed guidance on spotting fake notes involves checking serial numbers, foil features, microtext, UV light indicators, and raised print.
