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    Italy confiscates $6 trillion in fake US bonds

    MILAN (AP) — Swiss authorities have confiscated $6 trillion in counterfeit U.S. bonds at the request of Italian prosecutors, authorities in Italy said Friday.

    Eight people were arrested in Italy and placed under investigation for fraud and other crimes.

    The bonds, carrying the false date of issue of 1934, had been transported in 2007 from Hong Kong to Zurich, where they were transferred to a Swiss trust, according to prosecutors in the southern Italian city of Potenza.

    Authorities said that U.S. officials had confirmed the bonds were counterfeit.

    Prosecutors said the fraud had not been completed, but it appeared that the suspects intended to try to sell the fake bonds to a developing nation, directly or through an intermediary bank.

    Prosecutors refused to say anything more. But the Italian news agency ANSA, citing unidentified investigative sources, said phone taps indicated that there had been some interest from the suspects in acquiring plutonium from unidentified Nigerians. The report from Potenza quoted investigators as saying no such deal had ever materialized.

    Recently, Carabinieri police, carrying out a routine search at a highway rest in Italy, stop found a briefcase containing $20 billion in fake bonds.

     

    48 comments

    • Stupid Monkey  •  Fayetteville, Georgia  •  3 mths ago
      Humm MADE IN CHINA ?????? Wonder how many thet have not been noticed ??
    • Jlb  •  3 mths ago
      Why isn't this a major news story?
    • Hello  •  Midlothian, Virginia  •  3 mths ago
      Not a big deal. This was Bernake's lost toilet paper.
      • Joe 3 mths ago
        I'd like to take Bernakes toilet paper away and replace it with sandpaper. Not that it could wipe away the large stain growing beneath his back end as he tries to figure out how to put out the flames in Rome/Greece.
    • Marvin Martian  •  3 mths ago
      Transported from Hong Kong, eh? What: China doesn't have enough of our worthless bonds, so those #$%$ suckers are printing their own to cause our complete financial collapse?
    • The one who didn't go ...  •  Houston, Texas  •  3 mths ago
      Supplied by Goldman-Sachs and Wall Street's Associates.
    • stevie  •  Akron, Ohio  •  3 mths ago
      This would have made Madoff (the Libertarian) look like small time LOL.
    • Anonymous  •  3 mths ago
      anyone care?
    • Anonymous  •  3 mths ago
      Anyone even care?
    • John  •  3 mths ago
      Wait! That's our down payment to China. Give it back!
    • Xe  •  3 mths ago
      Turns out they were worth more than the real US bonds.
      • Buster Deekatt 3 mths ago
        Xe - You get 2 chopsticks AND a thumbs up for that! FUNNY
      • Joe 3 mths ago
        China will own the U.S. if they can't get their money back.

        They have nuclear weapons like Iran, so why aren't we picking on them?
    • Truth Hurts  •  3 mths ago
      China doesn't even have 6 trillion of our bonds. They only have about 1.5 trillion.
    • Sloth Machine  •  Las Vegas, Nevada  •  3 mths ago
      $6 trillion - wow that could have kept Congress in #$%$ for at least a month.
    • Bob  •  3 mths ago
      Billion dollar bonds dated 1934, and trillions of them?
      Who the hell were they fooling, as that's worth more than the US ever had back then!
    • MichaelK  •  Cleveland, Ohio  •  3 mths ago
      If they're fake they're not worth $6 trillion. They're worth $0.
      • Michael 3 mths ago
        The most logical comment, MK. You'll never get a job in media.
      • THETIMEISNOW 3 mths ago
        FANCY WALL PAPER FROM WALL STREET---
      • Anonymous 3 mths ago
        They are real...wake up!
    • R C Cola  •  Schenectady, New York  •  3 mths ago
      A real life White Collar crime!

      Where's Neal Caffrey? Go check his anklet!
      • Couple 3 mths ago
        Lol! I love that show! Somehow I think that $3 Trillion is out of even Neal's league!
    • Joe  •  3 mths ago
      The Derivatives the top banks are holding are fake as well.

      ARREST AND INDICT THEM ALREADY.
    • Keith N  •  Richardson, Texas  •  3 mths ago
      Secure your future while having fun, learn to print money in your spare time.
    • MCMAN  •  3 mths ago
      Useless paper just like our real money
    • iCleopatra  •  3 mths ago
      Why such a discreet note for something so huge? What are the names and faces of this 8 people? White colors criminal are very protected by Media and the Justice System, even thou the damage is way larger than others crimes with a huge number of victims, this people, who are extremely educated, always get away.
    • Gassalasca  •  3 mths ago
      Only 6 trillion? Who'd notice the fake counterfeits from the real ones?
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