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Canadian counterfeiter free after less than two months in prison

A Canadian citizen that printed around $250 million in fake U.S. currency is free after turning over a large batch of fake $20 bills

| Hacking & Security News | Posted: May 10, 2014 12:19 am

Canadian resident Frank Bourassa is the self-proclaimed currency counterfeiting king, recently released from prison after turning over a large amount of fake $20 bills of U.S. currency. For his crimes, Bourassa spent just one and a half months in jail, paid a $1,500 fine, and won't be extradited to the United States to face charges.

 

TweakTown image news/3/7/37619_01_canadian_counterfeiter_free_after_less_than_two_months_in_prison.jpg

 

During his counterfeiting spree, Bourassa reportedly printed upwards of $250 million in fake currency, which cannot be detected by the naked eye. He spent more than two years reading the U.S. Secret Service website, and no additional security features have been added since 2003, giving Bourassa time to perfect his craft.

 

He purchased the cotton and linen paper from suppliers in Switzerland and Germany, then purchased ink and security features from China. A batch of $1 million in fake currency was sold for $300,000, and the money quickly flowed in for the Canadian citizen.

 

"I'm safe, absolutely," Bourassa recently told ABC News in an interview. "They can't do nothing about that."

 

"It was important to get this right away, get this off the street, get this off the market," said Tasha Adams, Roycal Canadian Mounted Police Integrated Counterfeit Enforcement Team (ICET) member.

NEWS SOURCESAbcnews.go.com, Upload.wikimedia.org

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