Six people were arrested in the Vancouver area Thursday in connection to what police say is a counterfeit cash ring accounting for 80 per cent of the phony notes in use in B.C.
Police believe the suspects are responsible for producing and passing about $300,000 worth of counterfeit money across western Canada.
The suspects were arrested after two separate searches of a home in the 1900-block of Dawes Hill in Coquitlam and a business in the 4200-block of Dunbar Street in Vancouver.
Police say they seized a "substantial" number of phony Canadian bills, blank credit cards and computers and equipment used to make counterfeit money and credit cards.
On Friday, police said they had counted at least $150,000 worth of counterfeit bills in the haul, and they weren't through yet.
Matthieu Flynn, 24, Michael McIntyre, 23, Michel Mieszkowski, 22 and 20-year-old Bradley Voykin have been charged with numerous counterfeiting offences. Investigators say they are known to police.
Two women in their 20s were also arrested and have been released on a promise to appear in court.
