Fake U.S. Bonds worth trillions seized.

7 February 2012
Last updated at 15:45











Fake US bonds worth trillions seized





















The BBC's Alan Johnson: "Their ambitions were on an international scale"





Italian prosecutors say they have broken up an organised crime ring that was hiding trillions of dollars of fake US bonds.

Worth $6 trillion, the bonds were found in three metal boxes in a warehouse in the Swiss city of Zurich.

Italian authorities have arrested eight people and are investigating them for fraud and other crimes.

Prosecutors are not sure what the gang was planning, but think they intended to sell the counterfeit bonds.

Investigators, based in Potenza in southern Italy, say the fraud posed "severe threats" to international financial security.

In cooperation with Swiss police, they tracked down three
metal boxes to a warehouse in Zurich. The crates contained thousands of
fake US bonds that gave the appearance they had been issued by the US
Federal Reserve in 1934.





The fake bonds were found in three metal crates in a Zurich warehouse

US officials confirmed that the bonds were counterfeit.

Fake US securities have been seized in Italy before and there were at least three cases in 2009.

But this case is on a different scale to previous
investigations, as the fake bonds have a value equivalent to almost half
of the entire US debt pile.

"Everything began with an investigation into mafia clans in
the Vulture-Melfese area in the southern Basilicata region," said
Giovanni Colangelo, the head of the prosecutor's office in Potenza.

I READ THIS ON GOOGLE NEWS,SEEMS THEY WERE PLANNING TO BUY PLUTONIUM.
THIS IS CONNECTED TO MAFIA LOAN SHARKING.