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defacto7

(13,485 posts)
Sun Mar 30, 2014, 05:37 PM Mar 2014

Men held over Vatican Bank 'three trillion euro bond fraud'

Source: BBC

Italian police have arrested two men who were allegedly trying to deposit trillions of euros in fake bonds in the Vatican bank.

Officials say the pair, an American and a Dutch national, claimed they had an appointment with bank officials to gain entry but were handed over to police.

Fake bonds with a face value of 3tr euros ($4.1tr; £2.5tr) were found in their briefcase, the officials say.

The suspects were reportedly hoping to open a line of credit at the bank.

Read more: http://www.bbc.com/news/world-europe-26811528



Trillion? That's a lot.
8 replies = new reply since forum marked as read
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Men held over Vatican Bank 'three trillion euro bond fraud' (Original Post) defacto7 Mar 2014 OP
The two suspects were later released pending further investigation ? dipsydoodle Mar 2014 #1
read the article, italian law forbids arrest happyslug Mar 2014 #2
It says "Italian law *does not require* arrest for fraud investigations" muriel_volestrangler Mar 2014 #4
May well do dipsydoodle Mar 2014 #5
What idiots...everyone knows you should use the ATM brooklynite Mar 2014 #3
JP Morgan employees? DeSwiss Mar 2014 #6
Stupid people cosmicone Mar 2014 #7
my daddy always said "Think Big!" BadGimp Mar 2014 #8

muriel_volestrangler

(101,321 posts)
4. It says "Italian law *does not require* arrest for fraud investigations"
Sun Mar 30, 2014, 07:24 PM
Mar 2014

which isn't the same as 'forbids'.

brooklynite

(94,591 posts)
3. What idiots...everyone knows you should use the ATM
Sun Mar 30, 2014, 07:00 PM
Mar 2014

Just deposit a E3 trillion check and you'll be all set.

 

DeSwiss

(27,137 posts)
6. JP Morgan employees?
Sun Mar 30, 2014, 08:10 PM
Mar 2014
- They're the only ones I know with the kinda moxey to try and pull something like that off.

K&R

 

cosmicone

(11,014 posts)
7. Stupid people
Sun Mar 30, 2014, 08:41 PM
Mar 2014

No one has that magnitude of assets -- not even the biggest banks. It took the US 225 years to accumulate that much national debt and no other country comes even close.

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