Italian prosecutors and the Italian police with the help of Swiss officials have seized $6 trillion in fake U.S. bonds that were stashed away in Switzerland. Additionally, 8 people were arrested and have been put in an inquiry for being involved in scams and other crimes in Italy. The amount of the counterfeit bonds is pretty incredible as it is nearly half of the U.S.’s public debt.
The bonds were captured by Swiss Authorities in 3 big trunks found in a bank in Zurich. The people involved in this astronomical international finance fraud were attempting to buy the radioactive chemical element plutonium. The bonds had actually been transferred from Hong Kong to Zurich in 2007.[2
According to the Guardian newspapers, this seizure was the largest ever of fake Treasury Bonds. There was a an operation named “Operation Vulcanica” that lasted a year and was performed by Italian and Swiss authorities to seize the counterfeit U.S. bonds. The Italian prosecutors are confident that the fraud has not been performed as yet and they have strongly suspected that the people involved could have tried to sell the counterfeit bonds to a third world country.
U.S. officials have verified that the bonds were indeed fake. This is actually pretty common interestingly as the United States Secret Service usually has about 100 cases annually that involve bonds and other fabricated financial instruments. In fact, it is a common mafia scam to use fake bonds as collateral to borrow loans and to establish credit which is made use of before the fraudsters disappear.