He resembles Mr. Krabs, but wears a monocle, a fancy hat and suit, and has a white mustache. His eyes are also yellow instead of white.
Role in episode
When SpongeBob and Ideal Plankton are spotted, he, Off Model SpongeBob, and Gnarly Squid appear to take them out. When Money Krabs is eliminated, he turns into Krabs Coins. The coins look similar to pennies but have Money Krabs' face on them. When SpongeBob picks one up, it bites him on the finger.