Monday, February 20, 2012

Arrests made in Italy after discovery of $6 trillion in fake U.S. bonds


Italian authorities on Friday arrested eight people in possession of an estimated $6 trillion in counterfeit U.S. Treasury bonds, according to Italian paramilitary police and an Italian news agency.
The discovery of the fake bonds -- made to look as if they were printed by the U.S. Federal Reserve in 1934 -- came about as part of an investigation into a local mafia association.
The arrest order for the alleged criminals was issued by a preliminary investigative judge in the southern Italian city of Potenza, police noted.

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