• iconNews
  • videos
  • entertainment
  • Home
  • News
    • UK News
    • US News
    • Australia
    • Ireland
    • World News
    • Weird News
    • Viral News
    • Sport
    • Technology
    • Science
    • True Crime
    • Travel
  • Entertainment
    • Celebrity
    • TV & Film
    • Netflix
    • Music
    • Gaming
    • TikTok
  • LAD Originals
    • Say Maaate to a Mate
    • Daily Ladness
    • Lad Files
    • UOKM8?
    • FreeToBe
    • Extinct
    • Citizen Reef
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube

LAD Entertainment

YouTube

LAD Stories

Submit Your Content
Fraudster Jailed Following Largest Seizure Of Fake Cash In UK History

Home> News

Published 16:56 30 Apr 2022 GMT+1

Fraudster Jailed Following Largest Seizure Of Fake Cash In UK History

A fraudster who helped print £12 million of fake banknotes has been jailed

Joe Harker

Joe Harker

A gang member who helped print £12 million in counterfeit money has been jailed following the largest seizure of fake cash in UK history.

61-year-old Andrew Ainsworth was handed a five-and-a-half year prison sentence at Woolwich Crown Court after being found guilty of conspiring to produce counterfeit currency.

Three other members of the gang are already in prison with their combined sentences standing at 22-and-a-half years after they were convicted in January last year.

Ainsworth's gang used a specialist printing machine to churn out fake £20 notes, but investigators were alerted to their presence after the Bank of England discovered £1.8 million in fake cash entering circulation in January 2019.

Advert

Investigators were able to uncover a London-based industrial unit owned by one of the gang members after tracking materials used in the process of printing the counterfeit notes.

About £5 million of the fake cash was found dumped by the side of a road by a dog walker. Credit SWNS/Kent Police
About £5 million of the fake cash was found dumped by the side of a road by a dog walker. Credit SWNS/Kent Police

Police raided the site in May 2019, finding two men along with printing equipment and more than £5 million worth of fake money at the scene.

Another £5 million worth of fake notes was found dumped on a residential road in southeast London by a dog walker in October of that year, while three months later a further £200,000 was picked up on a railway line between Farningham and Longfield.

Andrew Pritchard, assistant chief constable of Kent Police, said: "The printing press our officers raided in Beckenham was supposed to produce magazines, leaflets and flyers but instead contained the largest face-value quantity of counterfeit cash ever discovered in the UK.

Advert

"This was a professionally run operation but those involved were naïve if they thought they could carry on undetected."

The gang used a machine to print out fake £20 notes. Credit SWNS/Kent Police
The gang used a machine to print out fake £20 notes. Credit SWNS/Kent Police

Neil Harris of the National Crime Agency praised the outcome and was glad that police had prevented millions more notes worth of counterfeit cash from entering circulation.

He said: "Had the conspirators remained undetected, the effects would have been felt by innocent people across the UK going about their day-to-day business, particularly retailers who would have lost most of that value.

"As well as convicting those involved in the actual printing of the notes, this investigation resulted in the convictions of those who supplied finance and would have been involved in the wholesale distribution of the counterfeit notes."

Advert

If you do think you've got a counterfeit note, the Bank of England is keen to stress it's not worth anything and that you should take it to your nearest police station so they can investigate it.

The switch from paper to polymer bank notes has been one of the key steps in cracking down on counterfeiters, with the old paper notes being taken out of circulation.

Featured Image Credit: SWNS/Kent Police

Topics: Money, UK News

Joe Harker
Joe Harker

Joe graduated from the University of Salford with a degree in Journalism and worked for Reach before joining the LADbible Group. When not writing he enjoys the nerdier things in life like painting wargaming miniatures and chatting with other nerds on the internet. He's also spent a few years coaching fencing. Contact him via [email protected]

X

@MrJoeHarker

Advert

Advert

Advert

  • Mounjaro price to almost triple in UK following Donald Trump demand
  • Doctors explain fake Mounjaro jab warning as prices hiked amid Trump pressure
  • Millions of Nationwide customers in UK will be given free money from this week
  • Barber of ‘Ibiza final boss’ speaks out following viral video

Choose your content:

3 hours ago
4 hours ago
5 hours ago
  • 3 hours ago

    Viral judge Frank Caprio passes away aged 88

    He passed away after a battle with pancreatic cancer

    News
  • 4 hours ago

    Teacher made eerie warning about Bryan Kohberger weeks before quadruple murder of students

    The revelation was made in a newly surfaced police report

    News
  • 5 hours ago

    Missing woman from US discovered alive thousands of miles away after joining tribe in Scottish woodland

    The American woman was found to be a handmaiden in a three-person tribe

    News
  • 5 hours ago

    Drake and Adin Ross to cover funeral costs after streamer dies on live stream following 'ten days and nights of torture'

    French police are currently investigating the death of streamer Raphaël Graven, aka Jean Pormanove

    News