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Counterfeit $50 Notes Circulating in the Region

Parkes Police have recently issued a warning to local retailers and the general public to be aware of the discovery of a number of $50 counterfeit bills in the Parkes and Forbes areas.

Detective Sergeant Steve Howard said three retail stores in Parkes and one in Forbes were targeted last month.

“All of the counterfeit $50 notes were of a very reasonable quality and had been presented to shop assistants working in major retail chains. The events in Parkes and Forbes were similar to that which occurred recently in Young” Detective Sergeant Howard said.

“My warning to retailers and the public generally is to be mindful that these $50 forged notes are floating around in the community.”

Loss of goods through fraudulent purchase using counterfeit currency is generally excluded under the Property, Burglary/Theft and Money sections of your business insurance, so essentially your business is unlikely to have any insurance coverage in place for such events.

Anyone with information regarding the issuing of the forged notes should immediately contact the police.

Source: Parkes Champion Post 27/3/14

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