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

[Andrew1990]

$134 billion today will only be worth a few bucks in the future. Say hello to hyper inflation, these Japanese are just well prepared!

 

[da loser]

http://www.ft.com/cms/s/0/4d6e...aea3-00144feabdc0.html

Whether the men are really Japanese, as their passports declare, is not entirely clear, but Italian and US secret services working together soon concluded that the bills and accompanying bank documents were most probably counterfeit, representing the latest handiwork of the Italian Mafia.

Last month, Italian prosecutors revealed they had cracked a $1bn bond scam run by the Sicilian Mafia, with the alleged aid of corrupt officials in Venezuela's central bank. Twenty people were arrested in four countries.

The fake bonds were to have been used as collateral to open credit lines with banks, Reuters news agency reported. The Venezuelan central bank denied the accusations.

 

[PokerGuy]

I don't get it.... why would anyone even bother counterfeiting a 500 million bond? Anyone who has $500 million available to purchase a bond could verify it's authenticity.... and those who would not want to verify it? --- you REALLY would not want to sell them fake stuff.