Peel Regional Police (PRP) have charged a 24‑year‑old Kitchener man in connection with two alleged scams involving counterfeit currency used to purchase precious metals from private sellers on online marketplaces.
The Fraud Bureau launched the investigation after two sellers reported being defrauded during arranged meetups for gold and silver sales.
Police say the first incident happened in January, when the accused contacted a seller through Facebook Marketplace and arranged to buy gold bars valued at roughly $8,500. The meetup took place at a residence in Brampton, where the suspect handed over a stack of $100 bills.
As the seller counted the cash, the suspect allegedly grabbed the gold bars and fled. The victim later discovered $8,300 of the money was counterfeit.
A second victim came forward in March, reporting a similar scheme. Investigators allege the accused arranged to purchase $5,700 worth of gold and silver bars, again paying in cash. After the transaction, the seller determined $5,600 of the bills were counterfeit.
Officers arrested Terran Miller, 24, of Kitchener. He is charged with two counts of fraud over $5,000, two counts of possession of counterfeit currency, two counts of uttering counterfeit currency and one count of failing to comply with a release order.
At the time of his arrest, Miller was wanted by multiple agencies across Ontario for similar alleged offences and was already on a judicial release for other fraud‑related charges before the courts.
The investigation remains ongoing. These allegations have not yet been proven in court.
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