Italian, and Japanese news agencies are reporting an investigation is underway after a seizure of $134 billion worth of U.S. bonds. 2 men, suspected to be Japanese citizens, were attempting to cross the Italian border into Switzerland.
The incident took place on June 3 at the Chiasso train crossing where the men's luggage was searched.
The undeclared bearer bonds were found under a false bottom in their baggage. They included 249 Treasury bonds valued at $500 million each, and ten $1 billion Kennedy Bonds. If genuine, the Italian government stands to gain 40% of that value by law, but there is general speculation that the paper is counterfeit.
The Glenn Beck Show reported on the bond seizure in Monday's show. Beck suggested there were only a few countries in the world that could even afford that level of securities. He said "There are only 2 possibilities, (real or fake) and both are bad.
Written by Vera Sarkissian
Information from Glenn Beck Show and Asahi newspaper, and Italian newspapers Il Giornale and La Repubblica
Comment and add to the story without registration, but keep the comments meaningful please. Links are not accepted.
