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January 9, 2009 Friday
Updated
Jan 9, 2009
Look out for fake $50 notes
More than 30 cases of counterfeit notes reported, say police.
By Esther Tan
Police said that the scam usually involves using a counterfeit $50 note, with the serial number 2EY322725, to pay for purchases. -- PHOTO: MAS
MORE than 30 cases of counterfeit notes have been reported in the last few months, said police.

This a huge jump from the 11 cases reported in the first nine months of 2008last year, and the largest number of reported counterfeit note cases in the last three years.

In a press statement handed out earlier this week, police said that pubs, restaurants, petrol kiosks and betting (ie. 4D) outlets had fallen victim to the scam, which usually involves using a counterfeit $50 note, with the serial number 2EY322725, to pay for purchases, said police.

Sometimes, the person with a fake note may also ask to change it into smaller denominations, saying they need small change urgently.

Retailers who spoke to The Straits Times said that they were aware of the recent increase in the number of counterfeit notes being used.

Miss Lovie Wong, 27, said she received a text message from a friend on Friday warning her about fake $50 notes that were being circulated.

Read the full report in Saturday's edition of The Straits Times.

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