2 Japanese carrying $134 bil worth of U.S. bonds detained in Italy

[Peter Lemkin]

Well, there are so many factual errors in that story, I don't want to have to list. And I don't think the UN nor Moon are involved in any any major crimes, less so with the other named defendants. That all said, if this lawsuit is real, it would be interesting what it brings out in its discovery etc.....but I fear it will get tossed out of court almost immediately, as things like this* [both good and bad] are.

*like this = conspiracies involving powerful people and that don't follow the standard mythology / progaganda lines.

[Peter Lemkin]

'Allo 'allo 'allo what 'ave we 'ere then?

Italy confiscates euro20 billion in fake US bonds

Carabinieri on travel break nab 6 carrying counterfeit US bonds worth euro20 billion

On Wednesday January 26, 2011, 10:15 am EST

ROME (AP) -- Italian authorities have confiscated $20 billion in counterfeit U.S. government bonds.

Authorities say the bonds were of a quality that theoretically could have defrauded financial institutions.

But a stop at a highway rest area where a group of Carabinieri military police were taking a break proved to be the undoing of the group.

A Carabinieri statement said officers did a routine search of the vehicles after the "suspicious" behaviour of the men and found "to their surprise" a briefcase with 40 bonds 0each valued at $500 million.

Officials said Wednesday that U.S. officials confirmed the bonds were counterefeit. The six men are under investigation for receiving stolen goods.

http://finance.yahoo.com/news/Italy-conf...3.html?x=0

None of this story is plausible.

Carabinieri (Italian rozzers) on a "break" make a routine search and discover $20 billion in counterfeit US bonds.

"US officials" have already confirmed the bonds are "counterfeit".

The six men are under investigation for "receiving stolen goods".

Stolen from whom precisely?

So, just like the original story, the stage fades to black, the curtain closes and the audience is none the wiser. In the second act the same happens. Gee....I wonder what the final act of the play is like?!?! The POINT is not whether these [set 1 or set 2] are 'real' or not, but if they were used [alone or with other 'bonds'] for the exchange of funds [rather large sets of funds, I'd imagine] - and who is making them [or making up the stories about them]! Anyway, it seems clear that either no investigations are going on, or they are going on sub rosa, neither of which make me feel any more secure about our financial house of cards, worldwide. Whether real or fake bonds, whether true events or invented, I somehow sense these two acts are just the tip of some iceberg about to hit the Titanic.

N.B. Any chance this could be solved by combining it with the solution to the crytoptography expert who was murdered then put in a North Face travel bag?......both are equally bizarre and both stories just vanished from view after a few stories of inept investigations....just a thought and worth a laugh.

[Carsten Wiethoff]

One thing I know for sure. The 10 alleged "Kennedy Bonds", worth One Billion each (currency unspecified!), which were on the photo published by the Italians, are just nice colored paper.
If Mr Dal Bosco, or anybody else, has an idea about how to cash them, I will make them a good price for the specimen that I own.

[Ed Jewett]

One thing I know for sure. The 10 alleged "Kennedy Bonds", worth One Billion each (currency unspecified!), which were on the photo published by the Italians, are just nice colored paper.
If Mr Dal Bosco, or anybody else, has an idea about how to cash them, I will make them a good price for the specimen that I own.

If you will send your specimen by certified snail mail along with a BIS-certified check for $50,
I will gladly take it off your hands. :attention:

[Magda Hassan]

http://www.rumormillnews.com/pdfs/11%20c...plaint.pdf

[Peter Lemkin]

http://www.rumormillnews.com/pdfs/11 civ...plaint.pdf

Pretty strange....one must admit. The Dragon Family v. a slew of important people and institutions over phony certificates, it seems. Hmmmmmm. Right out of a James Bond film. Would be interesting to see all those defendants in one courtroom at one time...not to mention the Dragon Family Somehow, I don't think this one will last that far, even if it has some validity in facts. Time will tell. Given what we learned during the recent CDS and related financial instrument lies, NOTHING would surprise me....i.e. that most or all financial instruments are really not what they say they are...or even fakes completely.

[Jan Klimkowski]

Context: last time I checked, Rumourmills news was the site of Rayelan Russbacher, the ex of the mysterious Gunther Russbacher.

Gunther was either a key mechanic in events such as the October Surprize or a Manchurian Red Herring.

And both.

[David Butler]

Remember this story from a while ago ? More fake bonds worth $6 trillion found in Switzerland story in the news today I see

Fake US bonds worth trillions seized

I like this line - "Prosecutors are not sure what the gang was planning, but think they intended to sell the counterfeit bonds."

Seems an epidemic of faking US debt going on these days

http://www.bbc.co.uk/news/business-17076378

[Magda Hassan]

Beat me to it Dave!

Record $6 Trillion of Fake U.S. Bonds Seized

By Elisa Martinuzzi - Feb 18, 2012 5:01 AM ET

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• Counterfeit U.S. bond confiscated in Switzerland shown on Feb. 17, 2012. Photograph: Carabinieri/APItalian anti-mafia prosecutors said they seized a record $6 trillion of allegedly fake U.S. Treasury bonds, an amount that's almost half of theU.S.'s public debt.
  
  
  

The bonds were found hidden in makeshift compartments of three safety deposit boxes in Zurich, the prosecutors from the southern city of Potenza said in an e-mailed statement. The Italian authorities arrested eight people in connection with the probe, dubbed "Operation Vulcanica," the prosecutors said.
The U.S. embassy in Rome has examined the securities dated 1934, which had a nominal value of $1 billion apiece, they said in the statement. "Thanks to Italian authorities for the seizure of fictitious bonds for $6 trillion," the embassy said in a message on Twitter.
The financial fraud uncovered by the Italian prosecutors in Potenza includes two checks issued through HSBC Holdings Plc (HSBA) in London for 205,000 pounds ($325,000), checks that weren't backed by available funds, the prosecutors said. As part of the probe, fake bonds for $2 billion were also seized in Rome. The individuals involved were planning to buy plutonium from Nigerian sources, according to phone conversations monitored by the police.
The fraud posed "severe threats" to international financial stability, the prosecutors said in the statement. HSBC spokesman Patrick Humphris in London declined to comment when contacted by telephone. The U.S. Secret Service assisted the Italian authorities, spokesman Edwin Donovan said.

Money Laundering

Creating fake Treasuries is a "common scam, especially in Italy," he said. The tipoff was the "astronomical" face value of each bond, he said. Fake bonds in high denominations are more common in Europe, where people are less familiar with the face value of U.S. Treasury bonds than in the U.S., he said.
Zurich's public prosecutor's office provided material to their Italian counterparts in Potenza in 2011, according to Corinne Bouvard, a spokeswoman for the senior public prosecutor's office of the canton of Zurich. The Swiss part of the investigation ended on July 22, she said.
The Italian investigation initially focused on a Sicilian who was living in Potenza and was "already known for money laundering and exporting currency abroad," according to the statement from the Potenza prosecutor's office.
Phony U.S. securities have been seized in Italy before and there were at least three cases in 2009. Italian police seized phony U.S. Treasury bonds with a face value of $116 billion in August of 2009 and $134 billion of similar securities in June of that year.
The U.S. Secret Service averages about 100 cases a year related to bonds and other fictitious instruments.

http://www.bloomberg.com/news/2012-02-17...rland.html

[Peter Lemkin]

What synergy...you two beat me to it!

Brother, Can You Spare $6 Trillion?
By RACHEL DONADIO
Published: February 17, 2012

ROME Italian police on Friday arrested eight people on charges related to the seizure of $6 trillion in fake United States Treasury bonds, in a mysterious scam that stretched from Hong Kong to Switzerland to the southern Italian region of Basilicata.

The value of the seized bonds is in the neighborhood of half of the entire United States public debt of $15.36 trillion, but they were never intended to be passed off as real securities. Rather than counterfeit, they were what law enforcement officials call fictitious, printed in 6,000 units of $1 billion each a unit that does not exist the bond equivalent of $3 bills, American officials said.

In a statement on Friday, the United States embassy in Rome said its experts had examined the bonds, which were dated 1934, and determined they were fictitious and allegedly part of a scam intended to defraud Swiss banks. There is no evidence the bonds were ever used for that purpose.

Italian police arrested eight people across Italy on Friday on fraud and related charges as part of a broader investigation into organized crime in the southern Basilicata region, the instep of Italy's boot, prosecutors in Potenza said in an e-mailed statement.

They said they had found the bonds along with a fake copy of the Treaty of Versailles, signed by European powers at the end of the First World War in special compartments in metal crates in a Swiss vault, which Swiss authorities had sent them last fall following a request for cooperation.

"We had heard that they weighed a lot, but frankly we didn't expect to find that kind of material," Giovanni Colangelo, the chief prosecutor of Potenza, said in a telephone interview on Friday.

He said that prosecutors had heard about the fake bonds after picking up chatter in wiretapped phone conversations. In 2010, authorities in the Lazio region seized four fake bonds, each printed with the value of $500 million, but he said the mother lode was found in the vaults moved from Switzerland last fall.

One of the eight men arrested had moved the $6 trillion in fictitious bonds from Hong Kong to a Swiss deposit in 2006, Mr. Colangelo said. He said the origins of the bonds was unknown, but added that authorities had also seized a fake will, allegedly part of a scam in which a suspect would claim to have inherited the bonds and try to use them to open up credit lines at a bank.

Prosecutors said they had also picked up wiretapped phone conversations in which the suspects talked about buying plutonium from Nigerian sources. They did not provide further details, but Mr. Colangelo said their efforts did not come to fruition

In the statement, Potenza prosecutors said that the false bonds "posed concrete and grave dangers for the stability of the international credit system."

But American officials said the phony bonds were fairly routine. "This is just a scam, very frequent, very common," said Brian Leary, a spokesman for the United States Secret Service. "Our agents provided Italian authorities with expertise that these notes are fictitious instruments, as we refer to them, which are commonly used as collateral, say for a loan."

According to the Federal Reserve, such scams, known as fictitious instrument fraud, are increasingly common and have victimized unwitting investors to the tune of nearly $10 billion in recent years.

In a common ploy, "criminals present fictitious financial instruments such as Federal Reserve notes, standby letters of credit, prime bank guarantees, or prime bank notes in order to fraudulently collateralize loans," the Federal Reserve says on its Web site.

In 2009, Italian police seized phony United States Treasury bonds with a face value of $250 million.