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Topic: So much money it's not even funny... (Read 2368 times)
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pxib
Terracotta Army
Posts: 4701
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$134.5 Billion in US bearer bonds seized in Italy. It's either the world's largest securities smuggling operation or the world's largest counterfeit scheme. Interestingly: In order to stop money laundering Italian law sets a ceiling of 10,000 euros per person for importing or exporting money without declaring it. The penalty for violating the law is 40 per cent of the money seized.
If the certificates were real, for Italy it would be like hitting the jackpot. The fine alone would amount to US$ 38 billion, five times the estimated cost of rebuilding quake-devastated Abruzzi region. It would help Italy eliminate its public deficit.
If the certificates are fakes the two Japanese nationals could get a very lengthy jail sentence for fraud.
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if at last you do succeed, never try again
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Oban
Terracotta Army
Posts: 4662
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...or it could be some very unfortunate Japanese government employees attempting to get a better flight out of Italy...
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Palin 2012 : Let's go out with a bang!
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rattran
Moderator
Posts: 4258
Unreasonable
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Or it could be a made-up news story. Every article I can find uses almost the exact same wording, with no attribution except the AsiaNews story. Either it's an amazing scoop, or someone is creative.
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Abagadro
Terracotta Army
Posts: 12227
Possibly the only user with more posts in the Den than PC/Console Gaming.
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US bearer bonds
 Guess he won't be sitting on a beach earning his 20 percent. |
"As democracy is perfected, the office of president represents, more and more closely, the inner soul of the people. On some great and glorious day the plain folks of the land will reach their heart's desire at last and the White House will be adorned by a downright moron.”
-H.L. Mencken
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Azazel
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Anything on this in the local media, Falc?
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Venkman
Terracotta Army
Posts: 11536
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US bearer bonds
Guess he won't be sitting on a beach earning his 20 percent.  That was exactly what my first thought was too! |
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Broughden
Terracotta Army
Posts: 3232
I put the 'shill' in 'cockmonkey'.
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The wave of the Reagan coalition has shattered on the rocky shore of Bush's incompetence. - Abagadro
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Lantyssa
Terracotta Army
Posts: 20848
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...or it could be some very unfortunate Japanese government employees attempting to get a better flight out of Italy...
Ha ha ha. |
Hahahaha! I'm really good at this!
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pxib
Terracotta Army
Posts: 4701
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Bloomberg quotes Italian authorities:The bonds, with a face value of more than $134 billion, are probably forgeries, Colonel Rodolfo Mecarelli of the Guardia di Finanza in Como, Italy, said today. If the notes are genuine, the pair would be the U.S. government’s fourth-biggest creditor, ahead of the U.K. with $128 billion of U.S. debt and just behind Russia, which is owed $138 billion.
The seized notes include 249 securities with a face value of $500 million each and 10 additional bonds with a value of more than $1 billion, the police force said on its Web site. Such high denominations would not have existed in 1934, the purported issue date of the notes, Mecarelli said. Moreover, the “Kennedy” classification of the bonds doesn’t appear to exist, he said. So a big clumsy fraud? Bizzare.
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if at last you do succeed, never try again
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Triforcer
Terracotta Army
Posts: 4663
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All life begins with Nu and ends with Nu. This is the truth! This is my belief! At least for now...
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Oban
Terracotta Army
Posts: 4662
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So it turns out they are known Filipino scammers,  |
Palin 2012 : Let's go out with a bang!
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