Toonie fraud costs banks $30K, Canada-wide warrant issued

A 43-year-old man is facing a Canada-wide arrest warrant after defrauding 17 banks in British Columbia of more than $30,000.

Terrelle Robert Talbot, who has no fixed address but is originally from Nova Scotia, where there is an outstanding warrant for him for the similar offences, is alleged to be the perpetrator of a three-month crime spree involving various banks throughout the Vancouver Lower Mainland.

Investigators with the Royal Canadian Mounted Police (RCMP) said Talbor requested various bank tellers exchange rolled $2 coins for banknotes. The rolls of coins looked authentic with a real toonie on either end, but unbeknownst to the tellers, all the other “coins” inside the roll were actually metal washers.

Terrelle Robert Talbot is wanted in a Canada-wide arrest warrant on 17 counts of criminal fraud over $5,000. (Photo by North Vancouver RCMP)

$30K OVER THREE MONTHS

Each roll had 25 pieces in them—two real toonies and 23 metal washers—and was exchanged for $50.

Collectively, Talbot obtained more than $30,000 in cash over a three-month period from March to May. After an extensive multijurisdictional investigation by the North Vancouver RCMP, a Crown report was submitted to BC Prosecution Service, which issued an arrest warrant for Talbot this September.

He is now wanted for 17 counts of criminal fraud over $5,000 related to fraudulently exchanging steel washers for real currency.

Talbot is six feet tall and 201 pounds and has black hair and brown eyes.

Anyone with information on the whereabouts of Talbot is asked to contact the North Vancouver RCMP at 604-985-1311. If you wish to make an anonymous report please contact Crime Stoppers at 1-800-222-TIPS or solvecrime.ca.

Leave a Reply

Keep up to date with the numismatic community

Sign up to receive our newsletter.

Canadian Coin News

Canada

Canadian Coin News is Canada's premier source of information about coins, notes and medals.

Although we cover the entire world of numismatics, the majority of our readers are Canadian, and we concentrate on the unique circumstances surrounding collecting in our native land.

Send Us Your Event

Running an event? Send it to us and we will display it on Canadian Coin News!

Submit Event →

Subscribe To 26 Issues For Just $47.99/year

Subscribe today to receive Canada's premier coin publication. Canadian Coin News is available in both paper and digital forms.

Subscribe Now

We acknowledge the financial support of the Government of Canada through the Canada Periodical Fund of the Department of Canadian Heritage.