Import of counterfeit currency; A native of Quebec was sentenced to prison

 

A Quebec man has been arrested for importing 26,630 counterfeit $2 coins made in China. This is the second time a Canadian has been convicted in a counterfeit currency case.

Jean-Francois Genereux, from Sorrel, Que., about 70 kilometers from Montreal, was sentenced to nine months in prison after pleading guilty to two criminal charges, including importing and bringing counterfeit money into Canada.
He was not given. Under Canadian law, money laundering is punishable by up to 14 years in prison.

Genereux also received 30 days in jail for possession of illegal marijuana. He has pleaded guilty to multiple charges including fraud, theft, identity theft, mail theft and repeated probation violations. He has served three prison terms, including 12 months in 2012.

It was learned that he bought fake coins from a Chinese manufacturer in Quanzhou, China. Similarly, in January 2023, Canada Border Services Officer seized fake $2 coins at Montreal-Mirabell International Airport.

Canadian banks will not compensate traders who are looking for fake tooni or unknowingly try to deposit counterfeit money and fail.