Counterfeit money operation in the Comox Valley

Comox Valley, BC – One man is in custody after several reports of counterfeit currency being passed at businesses in the Comox Valley.

There were several reports about the counterfeit in January which lead frontline officers to gather surveillance footage and ultimately identify their suspect. The Comox Valley RCMP Bike Unit took conduct of the investigation and arrested the suspect on January 20, 2021 – but they didn’t stop there.

File Photo - Counterfeit Currency Arrest
File Photo – Counterfeit Currency Arrest

The investigation culminated with the execution of a search warrant at a hotel room which yielded a small counterfeit operation including a printer, paper, and some additional manufactured bills.

“When a business accepts counterfeit bills, they are not reimbursed by anyone and they lose all of that money. This is particularly unfortunate during a time that small businesses are working hard to stay open through the pandemic,” said Cst. Monika Terragni, Comox Valley RCMP Media Relations Officer. “We appreciate the businesses who assisted with the investigation so the production and distribution of this counterfeit could be stopped she added.”

50-year old Pedro Cisneros is facing charges of making counterfeit money, uttering counterfeit money, possession of counterfeit money, and possession of instruments for counterfeiting.

For more information about Counterfeit Prevention, please visit the Bank of Canada website.

File # 2021-791

Comox Valley RCMP

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