Friday, June 12, 2009

$134 billion in US bonds found in Italy


$134 billion in US bonds found in Italy and Here.
Italy may have just hit the jackpot, while America may have reason to worry.

Two Japanese nationals were detained in northern Italy last week by Italian police. These men were found with "249 U.S. Treasury bonds each worth $500 million, plus 10 Kennedy bonds and other U.S. government securities worth a billion dollar each," according to the International Business Times.

It has yet to be definitively determined whether the loot was real or counterfeit, but if real, and because of Italy's money laundering laws, Italy could stand to earn - sit down - $38 billion in fines!

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