Suspect wanted after toonies fraud costs B.C. banks $30,000

Each roll of 25 coins was worth $50 and the Mounties say they were exchanged between March and May

Police say 17 banks in British Columbia were defrauded of more than $30,000 over a three-month period by a suspect who allegedly passed off washers as toonies hidden in coin rolls.

North Vancouver RCMP say the alleged scam involved the exchange of bills for more than 600 rolls of what were presented to the banks as $2 coins.

Each roll of 25 coins was worth $50 and the Mounties say they were exchanged between March and May.

Although the rolls appeared legitimate, police allege only the toonies at the end of each roll were real and the remainder of the roll contained metal washers.

After an investigation that spanned several municipalities, the RCMP say a report was submitted and the B.C. Prosecution Service issued an arrest warrant on Sept. 19.

Police say 43-year-old Terrelle Talbot, who is of no fixed address but is originally from Nova Scotia, is wanted on 17 counts of criminal fraud over $5,000.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Regional District of Nanaimo’s waste diversion plan endorsed by province

Target is achieving 90 per cent waste diversion from landfill

Iconic white raven returns to Parksville Qualicum Beach area

Photographer John Domovich: ‘It blew me away when I first observed it’

Parksville’s Summer by the Sea event starts June 30

‘We are looking forward to providing a vibrant market’

Vancouver Island’s current COVID-19 case count officially hits zero

Of the 130 recorded Island Health cases, five people have died, 125 recovered

VIDEO: B.C. dentist gets grand welcome home after two months in hospital fighting COVID-19

Michael Chow was given a surprise send off by hospital staff and ‘welcome home’ from neighbours

‘Like finding a needle in a haystack’: Ancient arrowhead discovered near Williams Lake

The artifact is believed to be from the Nesikip period between 7,500 BP to 6,000 BP

Indigenous families say their loved ones’ deaths in custody are part of pattern

Nora Martin joins other Indigenous families in calling for a significant shift in policing

Facing changes together: Your community, your journalists

The COVID-19 pandemic has changed the world in ways that would have… Continue reading

Friends, family mourn Salt Spring Island woman killed in suspected murder-suicide

A GoFundMe campaign has been launched for Jennifer Quesnel’s three sons

PHOTOS: Anti-racism protesters gather in communities across B.C.

More protests are expected through the weekend

Indigenous chief alleges RCMP beat him during arrest that began over expired licence plate

Athabasca Chipewyan Chief Allan Adam calling for independent investigation

‘I’m pissed, I’m outraged’: Federal minister calls out police violence against Indigenous people

Indigenous Minister Marc Miller spoke on recent incidents, including fatal shooting of a B.C. woman

UPDATED: Pair accused of ‘horrific’ assault at Vancouver’s Oppenheimer Park arrested

Police say Jason Tapp, 30, and Nicole Edwards, 33, did not show up to meet their bail supervisor this week

Most Read