Man facing 10 years in jail for printing fake banknotes in Lanzarote
A man from Tías, near Puerto del Carmen, is facing up to 10 years in prison and a fine of €88,500 after allegedly printing nearly €9,000 in counterfeit banknotes in Lanzarote.
The Sixth Section of the Audiencia Provincial de Las Palmas will sit in Arrecife tomorrow, Monday 4th May, to hear the case against the accused, who is charged with currency forgery.
Printed with a Home Inkjet Printer
According to the prosecution, the defendant produced fake banknotes between 2011 and 2020 using a basic domestic multifunction inkjet printer.
Investigators allege he printed a total of 131 counterfeit notes with the intention of introducing them into general circulation “knowing it was illegal”.
The breakdown includes:
- 46 fake €100 notes — all bearing the same serial number
- 85 fake €50 notes — printed across various serial series
The total face value of the counterfeit money amounts to €8,850.
The offence falls under Spain’s Criminal Code provisions relating to currency forgery.
Heavy Fine and Possible Additional Prison Time
In addition to the requested 10-year prison sentence, prosecutors are seeking absolute disqualification and a financial penalty set at ten times the value of the forged money.
If the €88,500 fine is not paid, the defendant could face an additional year in prison under subsidiary personal liability rules.
The prosecution’s statement also notes that the accused has a prior conviction from January 2024 for threats in a domestic violence case. However, this does not count as repeat offending in relation to the current forgery charges.
The trial will take place at the courts in Arrecife, where the case will now be examined in full.
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