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Does anyone remember a story about a boat loaded with billions in counterfeit US bonds or currency..

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tridim Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-09-11 12:45 AM
Original message
Does anyone remember a story about a boat loaded with billions in counterfeit US bonds or currency..
Possibly bound for China or Europe? It happened around 2007 I believe.

It just popped into my head tonight and can't find the original story on Google.
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TheWraith Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-09-11 12:47 AM
Response to Original message
1. There were two guys caught with a briefcase containing something like $1 trillion in bearer bonds.
I believe it was in Italy. The case was seized on by a lot of conspiraloons.
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TheWraith Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-09-11 01:02 AM
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2. Nope, I misremembered, it was $134 billion.
U.S. Treasury says bonds seized in Italy are fakes

(Reuters) - A purported $134 billion in U.S. government bearer bond certificates seized by police near the Italian-Swiss border are fake, the U.S. Treasury said on Friday.

"Based on the photograph we've seen online, they are clearly fake. And not even good fakes," said Stephen Meyerhardt, a spokesman for the Treasury's Bureau of the Public Debt.

He added that there is only $105 million in Treasury bearer bond securities outstanding, so the $134 billion amount seized far exceeds the universe of outstanding securites.

...

The bonds comprised 249 "Federal Reserve" bonds of $500 million nominal value each and 10 "Bond Kennedy" with a $1 billion nominal value, the tax police said June 4 in a statement.

http://www.reuters.com/article/2009/06/19/usa-italy-counterfeit-idUSN1946360420090619
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TexasProgresive Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-09-11 05:42 AM
Response to Original message
3. That was the story line
of an episode of Sea Hunt.
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Name removed Donating Member (0 posts) Send PM | Profile | Ignore Sun Oct-09-11 09:27 AM
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4. Deleted message
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