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Winnipeg police warn of gold bar fraud

Winnipeg police are warning about an ongoing fraud investigation regarding gold bars similar to the one seen above. Winnipeg Police Service / Handout

WINNIPEG — Police are warning anyone considering buying a gold bar similar to the one above that it may be counterfeit.

Officers noticed a number of “suspicious transactions” regarding a one-ounce gold bar at multiple pawn shops across Winnipeg on Nov. 30 that prompted an investigation. Police soon learned that similar incidents were being investigated in other Canadian cities.

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Six one-ounce gold bars were exchanged for just under $5,000. They were stamped with either Perth Mint or Produits Artistiques Mateaux Precieux from Switzerland.

Police warn that the bars are “very high-quality counterfeits” and caution anyone considering buying one to take extra steps to make sure they’re real.

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