Fake American bonds discovered in Switzerland

The coordinated work of the Swiss and Italian police revealed fake US bonds worth six thousand billion US dollars, which is almost a third of the US debt. The bonds, which have a false issue date of 1934, were transferred from Hong Kong to Zurich in 2007, after of which they ended up in a Swiss foundation. Investigators stated that members of the criminal network tried to use bonds in emerging markets or to give them to banks in exchange for money, reports SEEbiz.The Italian police announced that, after a year of monitoring, they arrested eight people suspected of smuggling bonds, check cards and money laundering in northern Italy, in the Lombardy, Piedmont, Lazio and Basilicata areas. In 2009, the Italian police seized 742 billion in fake American bearer bonds, and in 2010 fake government bonds worth 20 billion euros were seized.