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Two men jailed following counterfeit currency scam

News   •   Jun 13, 2018 16:06 BST

[Image of counterfeit bank note]

Two men who were involved in a conspiracy to distribute £640,000 of counterfeit Bank of Scotland notes throughout the south of England have been jailed.

Dean Evans, 36 (05.05.82) of Brockley Park, Forest Hill, and Samuel Alexander, 25 (11.02.93) of Duncombe Hill, Forest Hill, were sentenced at Croydon Crown Court on Monday, 11 June after they pleaded guilty of conspiracy to pass a counterfeit currency note (Contrary to section 1/1 of the Criminal Law Act 1977).

Evans was sentenced to four years and three months’ imprisonment and Alexander was sentenced to two years and eight months’ imprisonment.

The court heard Evans and Alexander were part of a conspiracy to distribute counterfeit Bank of Scotland £50 and £100 notes.

The counterfeit notes were used to purchase low value goods in able to maximise the amount of legitimate currency received in change.

In total, more than 200 uses of the counterfeit cash were identified in London and surrounding counties during a period from March 2016 to October 2017.

Evans was identified as the main organiser of the conspiracy. He used a team of people dressed in suits who presented themselves as businessmen newly returned from Scotland, to trick retailers into giving them value for the notes.

To keep him one step removed from the criminality, Evans would often be in a second vehicle; the first would be used by the distributors, and he would collect the profits from the use of the counterfeit notes.

Alexander was identified as the person who supervised the distribution of the profits from the counterfeit currency from the support vehicle on several occasions.

The investigation was led by officers from the Met’s Organised Crime Command, who were assisted by the National Counterfeit Currency Unit (UKNCO) at the National Crime Agency, which helped to provide intelligence about the method used by the defendants.

Detective Inspector Andy Durham, of the Met’s Organised Crime Command, said: “These defendants attempted to use hundreds of thousands of fake Scottish banknotes. The arrest of the individuals behind the conspiracy has disrupted the supply of these bank notes and, recent intelligence, suggests very few are left in circulation. 

“This case demonstrates how criminals can often create a convincing back story to explain the use of large amounts of cash. Incidents of counterfeit notes being used are low but retailers are urged to check banknotes carefully, people trying to use a counterfeit note will often use it to buy a low value item.”

For more information about how to check if a banknote is counterfeit go to www.scotbanks.org.uk