Edmonton police warning public about fake gold bars
EDMONTON — The Edmonton Police Service is warning the public about a counterfeit gold scam in the city after an investigation uncovered thousands of dollars in fake gold bars, which have been found elsewhere in western Canada.
Police began investigating after receiving information late last year regarding the sale of suspected counterfeit gold bars to various merchants in Edmonton, determining the bars sold were merely copper bars plated with gold.
Police said they have recovered a total of 220 grams of counterfeit gold with a market value of $10,000. The bars appeared to be professionally packaged and authentic.
The counterfeit gold bars are being sold in various weight denominations and range in price. They weigh between 10 and 31 grams per piece and suspects are selling them for anywhere between $300 and $800 each.