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1/22/2020 12:12:56 PM
Posted: 9/18/2009 8:46:18 AM EST

http://www.bloomberg.com/apps/news?pid=20601092&sid=afX0BWHToC1g

U.S. Authorities Probing $100 Billion of Bonds Seized in Italy

By Sonia Sirletti and Elisa Martinuzzi



Sept. 18 (Bloomberg) –– The U.S. Secret Service is examining more than $100 billion of U.S. government bonds confiscated in northern Italy in August, just two months after $134 billion of allegedly fake securities were seized in a nearby town.

The Secret Service is analyzing whether the bonds taken in August may be counterfeit, said a spokeswoman for the U.S. embassy in Rome. Italy’s financial police in Varese, north of Milan, arrested two individuals carrying the securities in a briefcase, according to a person involved in the case.

The two men currently are in custody as prosecutors in the town of Busto Arsizio carry out their investigation, the person said. The seized notes include securities with face values of $500 million and $1 billion, Italian daily MF reported today, without saying where it got the information.

“There must be a well-organized group behind these alleged crimes,” Fabio Polimeni, a Milan lawyer specializing in counterfeiting cases, said.

Italian authorities seized U.S. treasuries on June 4 with a face value of more than $134 billion from two Japanese travelers attempting to cross into Switzerland. The two men later disappeared and the case is still under investigation. The U.S. government bonds found in the false bottom of a suitcase carried by the men were fake, a U.S. Treasury spokesman said June 18.

“As financial markets become more sophisticated, creative and bigger, we can expect criminal activity to go with it and it’s happening everywhere,” Livia Oglio, a Milan lawyer, said. “The amount seized is phenomenal.”

Since the beginning of the year the police at border stations in Italy have seized 1.7 million euros of genuine money and bonds, and have confiscated more than 100 million euros of bonds that have been determined to be false, according to an Italian finance police statement in July.

To contact the reporter on this story: Sonia Sirletti in Milan at ssirletti@bloomberg.net
Link Posted: 9/18/2009 8:49:04 AM EST
Originally Posted By usptac:

http://www.bloomberg.com/apps/news?pid=20601092&sid=afX0BWHToC1g

U.S. Authorities Probing $100 Billion of Bonds Seized in Italy

By Sonia Sirletti and Elisa Martinuzzi



Sept. 18 (Bloomberg) –– The U.S. Secret Service is examining more than $100 billion of U.S. government bonds confiscated in northern Italy in August, just two months after $134 billion of allegedly fake securities were seized in a nearby town.

The Secret Service is analyzing whether the bonds taken in August may be counterfeit, said a spokeswoman for the U.S. embassy in Rome. Italy’s financial police in Varese, north of Milan, arrested two individuals carrying the securities in a briefcase, according to a person involved in the case.

The two men currently are in custody as prosecutors in the town of Busto Arsizio carry out their investigation, the person said. The seized notes include securities with face values of $500 million and $1 billion, Italian daily MF reported today, without saying where it got the information.

“There must be a well-organized group behind these alleged crimes,” Fabio Polimeni, a Milan lawyer specializing in counterfeiting cases, said.

Italian authorities seized U.S. treasuries on June 4 with a face value of more than $134 billion from two Japanese travelers attempting to cross into Switzerland. The two men later disappeared and the case is still under investigation. The U.S. government bonds found in the false bottom of a suitcase carried by the men were fake, a U.S. Treasury spokesman said June 18.

“As financial markets become more sophisticated, creative and bigger, we can expect criminal activity to go with it and it’s happening everywhere,” Livia Oglio, a Milan lawyer, said. “The amount seized is phenomenal.”

Since the beginning of the year the police at border stations in Italy have seized 1.7 million euros of genuine money and bonds, and have confiscated more than 100 million euros of bonds that have been determined to be false, according to an Italian finance police statement in July.

To contact the reporter on this story: Sonia Sirletti in Milan at ssirletti@bloomberg.net


WTF?
Link Posted: 9/18/2009 8:49:56 AM EST
Originally Posted By wmounts:
Originally Posted By usptac:

http://www.bloomberg.com/apps/news?pid=20601092&sid=afX0BWHToC1g

U.S. Authorities Probing $100 Billion of Bonds Seized in Italy

By Sonia Sirletti and Elisa Martinuzzi



Sept. 18 (Bloomberg) –– The U.S. Secret Service is examining more than $100 billion of U.S. government bonds confiscated in northern Italy in August, just two months after $134 billion of allegedly fake securities were seized in a nearby town.

The Secret Service is analyzing whether the bonds taken in August may be counterfeit, said a spokeswoman for the U.S. embassy in Rome. Italy’s financial police in Varese, north of Milan, arrested two individuals carrying the securities in a briefcase, according to a person involved in the case.

The two men currently are in custody as prosecutors in the town of Busto Arsizio carry out their investigation, the person said. The seized notes include securities with face values of $500 million and $1 billion, Italian daily MF reported today, without saying where it got the information.

“There must be a well-organized group behind these alleged crimes,” Fabio Polimeni, a Milan lawyer specializing in counterfeiting cases, said.

Italian authorities seized U.S. treasuries on June 4 with a face value of more than $134 billion from two Japanese travelers attempting to cross into Switzerland. The two men later disappeared and the case is still under investigation. The U.S. government bonds found in the false bottom of a suitcase carried by the men were fake, a U.S. Treasury spokesman said June 18.

“As financial markets become more sophisticated, creative and bigger, we can expect criminal activity to go with it and it’s happening everywhere,” Livia Oglio, a Milan lawyer, said. “The amount seized is phenomenal.”

Since the beginning of the year the police at border stations in Italy have seized 1.7 million euros of genuine money and bonds, and have confiscated more than 100 million euros of bonds that have been determined to be false, according to an Italian finance police statement in July.

To contact the reporter on this story: Sonia Sirletti in Milan at ssirletti@bloomberg.net


WTF?





Yakuza
Link Posted: 9/18/2009 8:51:58 AM EST

Originally Posted By Loki41872:
Originally Posted By wmounts:
Originally Posted By usptac:

http://www.bloomberg.com/apps/news?pid=20601092&sid=afX0BWHToC1g

U.S. Authorities Probing $100 Billion of Bonds Seized in Italy

By Sonia Sirletti and Elisa Martinuzzi



Sept. 18 (Bloomberg) –– The U.S. Secret Service is examining more than $100 billion of U.S. government bonds confiscated in northern Italy in August, just two months after $134 billion of allegedly fake securities were seized in a nearby town.

The Secret Service is analyzing whether the bonds taken in August may be counterfeit, said a spokeswoman for the U.S. embassy in Rome. Italy’s financial police in Varese, north of Milan, arrested two individuals carrying the securities in a briefcase, according to a person involved in the case.

The two men currently are in custody as prosecutors in the town of Busto Arsizio carry out their investigation, the person said. The seized notes include securities with face values of $500 million and $1 billion, Italian daily MF reported today, without saying where it got the information.

“There must be a well-organized group behind these alleged crimes,” Fabio Polimeni, a Milan lawyer specializing in counterfeiting cases, said.

Italian authorities seized U.S. treasuries on June 4 with a face value of more than $134 billion from two Japanese travelers attempting to cross into Switzerland. The two men later disappeared and the case is still under investigation. The U.S. government bonds found in the false bottom of a suitcase carried by the men were fake, a U.S. Treasury spokesman said June 18.

“As financial markets become more sophisticated, creative and bigger, we can expect criminal activity to go with it and it’s happening everywhere,” Livia Oglio, a Milan lawyer, said. “The amount seized is phenomenal.”

Since the beginning of the year the police at border stations in Italy have seized 1.7 million euros of genuine money and bonds, and have confiscated more than 100 million euros of bonds that have been determined to be false, according to an Italian finance police statement in July.

To contact the reporter on this story: Sonia Sirletti in Milan at ssirletti@bloomberg.net


WTF?


Yakuza ninja


Link Posted: 9/18/2009 8:52:14 AM EST
Is it time to sink Sicily yet?
Link Posted: 9/18/2009 8:53:31 AM EST
Yeah the first time this happened, it was counterfeiters...organized crime. Yeah...sure....
Link Posted: 9/18/2009 8:54:13 AM EST
Originally Posted By Loki41872:


Yakuza


Oh...

Then they really WERE disappeared.
Link Posted: 9/18/2009 8:55:10 AM EST
Link Posted: 9/18/2009 9:12:24 AM EST
If they're real, wtf is going on?

If they're fake, what's the point? What market is being deceived, to the tune of 100's of billions, with fake bonds?
Link Posted: 9/18/2009 9:23:15 AM EST
Originally Posted By usptac:
If they're real, wtf is going on?

If they're fake, what's the point? What market is being deceived, to the tune of 100's of billions, with fake bonds?
The market these would affect is world-wide.

One way to attack a country is to de-value its currency. Introduce enough counterfeit currency and the real currency loses its value. This has been a huge problem with US currency being printed by the North Koreans.




Link Posted: 9/18/2009 9:26:04 AM EST
Originally Posted By HBruns:
Originally Posted By usptac:
If they're real, wtf is going on?

If they're fake, what's the point? What market is being deceived, to the tune of 100's of billions, with fake bonds?
The market these would affect is world-wide.

One way to attack a country is to de-value its currency. Introduce enough counterfeit currency and the real currency loses its value. This has been a huge problem with US currency being printed by the North Koreans.






Except the pictures released of the two suspects in the first incident were clearly Filipino.
Link Posted: 9/18/2009 9:27:10 AM EST
Originally Posted By HBruns:
Originally Posted By usptac:
If they're real, wtf is going on?

If they're fake, what's the point? What market is being deceived, to the tune of 100's of billions, with fake bonds?
The market these would affect is world-wide.

One way to attack a country is to de-value its currency.






Guys "I think I may have found a problem"
Link Posted: 9/18/2009 9:29:50 AM EST

Originally Posted By usptac:
If they're real, wtf is going on?

If they're fake, what's the point? What market is being deceived, to the tune of 100's of billions, with fake bonds?

North Koreans
Link Posted: 9/18/2009 9:39:56 AM EST

Originally Posted By HBruns:
Originally Posted By usptac:
If they're real, wtf is going on?

If they're fake, what's the point? What market is being deceived, to the tune of 100's of billions, with fake bonds?
The market these would affect is world-wide.

One way to attack a country is to de-value its currency. Introduce enough counterfeit currency and the real currency loses its value. This has been a huge problem with US currency being printed by the North Koreans.


Jeez, we have enough problems as it is with printing too much of OUR OWN money!
Link Posted: 9/18/2009 9:44:39 AM EST
Originally Posted By Agrippa:

Jeez, we have enough problems as it is with printing too much of OUR OWN money!


Yeah, really!
We DON'T need any help right now.
Link Posted: 9/18/2009 9:45:19 AM EST
Originally Posted By adi:

Originally Posted By Loki41872:
Originally Posted By wmounts:
Originally Posted By usptac:

http://www.bloomberg.com/apps/news?pid=20601092&sid=afX0BWHToC1g

U.S. Authorities Probing $100 Billion of Bonds Seized in Italy

By Sonia Sirletti and Elisa Martinuzzi



Sept. 18 (Bloomberg) –– The U.S. Secret Service is examining more than $100 billion of U.S. government bonds confiscated in northern Italy in August, just two months after $134 billion of allegedly fake securities were seized in a nearby town.

The Secret Service is analyzing whether the bonds taken in August may be counterfeit, said a spokeswoman for the U.S. embassy in Rome. Italy’s financial police in Varese, north of Milan, arrested two individuals carrying the securities in a briefcase, according to a person involved in the case.

The two men currently are in custody as prosecutors in the town of Busto Arsizio carry out their investigation, the person said. The seized notes include securities with face values of $500 million and $1 billion, Italian daily MF reported today, without saying where it got the information.

“There must be a well-organized group behind these alleged crimes,” Fabio Polimeni, a Milan lawyer specializing in counterfeiting cases, said.

Italian authorities seized U.S. treasuries on June 4 with a face value of more than $134 billion from two Japanese travelers attempting to cross into Switzerland. The two men later disappeared and the case is still under investigation. The U.S. government bonds found in the false bottom of a suitcase carried by the men were fake, a U.S. Treasury spokesman said June 18.

“As financial markets become more sophisticated, creative and bigger, we can expect criminal activity to go with it and it’s happening everywhere,” Livia Oglio, a Milan lawyer, said. “The amount seized is phenomenal.”

Since the beginning of the year the police at border stations in Italy have seized 1.7 million euros of genuine money and bonds, and have confiscated more than 100 million euros of bonds that have been determined to be false, according to an Italian finance police statement in July.

To contact the reporter on this story: Sonia Sirletti in Milan at ssirletti@bloomberg.net


WTF?





Yakuza Tonganninja




Link Posted: 9/18/2009 9:50:49 AM EST
Anyone check on Acorn?
Link Posted: 9/18/2009 10:37:14 AM EST
[Last Edit: 9/18/2009 10:38:06 AM EST by Recorderguy]
Fucking AGAIN?!?!
Consistency cancels coincidence.

It wouldnt surprise me if they were real and being sold severely discounted.

Why does it always happen around Japenese events? Elections, Japs yammering about the yen and discountinuing bond purchases...

Nobody want to be left holding the bag.
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