Two Arrested For Alleged TTC Token Scam2010/11/12 | CityNews.ca StaffPolice say they’ve uncovered a token counterfeiting scam that is costing the TTC millions of dollars.
Two Toronto men – Paul Kim and Vincent Ham – were arrested on Nov. 1 while allegedly picking up a shipment of 4,000 fake coins shipped from China. They were charged with fraud and attempting to bring in property obtained by crime.
“The Canadian Border Services Agency intercepted a package with allegedly fraudulent TTC tokens in it,” said Const. Wendy Drummond. “The package was destined for a mailbox here in Toronto.”
The TTC brought in the gold and silver token back in 2006, on the heels of a counterfeiting scam that robbed the system of $10 million. The two tones were supposed to make the coin more difficult to copy.
The new fakes have subtle differences from real tokens, including a less-defined outer edge, inconsistent spacing between letters, and the second “T” in Toronto appears cut off. They only work in fare boxes, where collectors must visually check for authenticity.
"When the system is being bled of 2,000 tokens a day, it is significant,” said the TTC’s Brad Ross. “So we are grateful that police are making arrests.”
Source:
City NewsToronto