Another Weird Incident Involving Possibly Bogus Securities in Italy

April 22nd, 2012

Via: Bloomberg:

Italy’s financial police seized U.S. government securities with a nominal value of $1.5 billion from an unidentified man in his 70s, they said in an e-mailed statement.

The police said they also took certificates of deposit for about 1,000 tons of gold, which together with the U.S. bonds are worth more than 3 billion euros ($4 billion). The assets were found in a briefcase in the man’s car in Viterbo near Rome because of their “doubtful origin,” according to the statement.

The man has previous convictions for robbery, extortion, drug trafficking and money laundering, according to the police statement.

The probe, dubbed “Million Dollar,” is being carried out in and around the capital in cooperation with officials from the U.S. Embassy. Police said they’re evaluating “the authenticity, the nature and the origin” of the securities, some of which may date from the 1930s.

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3 Responses to “Another Weird Incident Involving Possibly Bogus Securities in Italy”

  1. anothershamus says:

    You think all these Italian counterfeit stories will converge? And, are the Italian police just more astute about financial instruments and this is happening other places but not being found out? I could see the TSA just waving bonds or any paperwork right through the gate not knowing what they were.

  2. MBerger47 says:

    For an explanation about these bonds showing up around Europe, see David Wilcock’s research: http://www.divinecosmos.com/start-here/davids-blog/1023-financial-tyranny?start=3

    Warning: the rabbit hole is very deep on this story.

  3. pessimistic optimist says:

    10 to 1 the vaticans in on it, and im thinking the polizia do probably have more practice than many places.

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