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Suspect arrested in counterfeit gold bar investigation

After purchasing a gold bar in December, the buyer became suspicious and had the bar tested, which verified it was counterfeit
2017-12-22 Fake Gold Bar Barrie Police
Photo provided by Barrie Police Service

The Barrie Police have arrested and charged a 49-year-old Barrie man with fraud under $5,000 following an incident in December of 2017.

The accused had posted an ad on Orilliajiji selling a 1oz Royal Canadian Mint gold bar. The buyer purchased the gold bar for $1,200 assuming the packaged gold bar was genuine. The following day the buyer became suspicious of his purchase and had the bar tested, which verified the bar was counterfeit.

The victim attempted to contact the seller and upon no avail contacted police. Further investigation led police to identifying the accused, and on Thursday, Jan. 11, 2018, the accused was located at his residence on Dunlop Street and arrested.

The accused is scheduled to appear in a Barrie Court of Justice in February of 2018.

For further information on counterfeit gold bars and how to protect your investment click here.