Waterloo man busted for selling counterfeit coin to Niagara collector

Niagara Police have busted a Waterloo man for selling a counterfeit coin to a Niagara collector for $25,000.

Back in January, the Niagara Police Fraud Unit started to investigate the case after a local collector purchased what was supposed to be a rare 1921 Canadian 50 cent coin in December.

Had the coin been authentic, depending on its condition, its value could have far exceeded $25,000. However, shortly after the purchase, it was determined to be counterfeit.

After investigating, the police located the suspect and yesterday (May 17), they arrested Jeffrey J. Thomson, 61, of Waterloo on charges of fraud over $5000 and uttering (selling) counterfeit money.

He was released pending a future court and fingerprint date.

Anyone with information regarding this investigation can contact 905-688-4111 / option 3 / extension 1009487.