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2/18/2012

Counterfeit U.S. bills six trillion dollars


Italian authorities have seized counterfeit U.S. treasury bonds worth six trillion dollars in one of the gangs of organized crime in Italy.
The Italian authorities claim they found the hidden these bonds in three cabinets in a secure temporary booths in Zurich.
 
The Italian police have arrested eight people linked to the crime in a process dubbed "Operation Vukanica."
 
And examined the U.S. Embassy in Rome bonds dating back to 1934 and the nominal value of the bond per billion.
 
The U.S. Embassy expressed its thanks to the Italian authorities to control the counterfeit bonds, worth the equivalent of almost half of the total U.S. public debt that exceeds $ 14 trillion.
 
And bonds are the instruments of equal value and are tradable long-term loans held by public subscription, and the bond is the right of the creditor.
 
The negotiable bond gives its owner the right to obtain a specific annual interest and the right to recover the value of the bond on the date specified.
  
In addition to U.S. securities investigators discovered two Italian bankers check worth 325 thousand dollars for each check issued by the Bank, "MENA as the BBC:" British.
 
Rome was considered that fraud was a "serious threat" to international financial stability.
A spokesman said that U.S. security services cooperated with the Italian American in the detection of counterfeit bonds.


Source: Agencies

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