Italian police seize $6 trillion of fake U.S. bonds

[osoab]

a bit more on blackheath here.

http://gold-silver.us/forum/showthre...mes+Blackheath

[Uncle Salty]

$50 trillion three times, then it's $5 trillion three times?

WTF?

Does anyone proof this shit? What am I missing?

[DMac]

Bump

[Glass]

I remember the original story. I can't believe it's been 2 years since then. It's a strange story for sure. I've never heard of the Ryiadi. I would have thought it was someone else with so much money. I expect it was a more personal fleecing operation. And why would you sign over money to those guys. Perhaps Ryiadi has red pilled and realised he's been done.

Its a confusing story and Blackheath is not very clear in what he is saying or asking for ImO.

[osoab]

Here is the link to the speech. http://www.parliamentlive.tv/Main/Pl...eetingId=10093

You need silverlight to watch it.

Starts at 6 hrs 15 minutes and 20 seconds into this session of the house of lords.

Something that struck me funny with his speech, was him talking about the NY FED.
We had a thread on here somewhere about how the NY FED was the real mover and shaker of the whole shebang.

[Glass]

YOHANNES RIYADI 1T EURO POF

HAVE YOU EVER SEEN A 1T EURO POF?

PPPKINGDOM just received 3 new documents from a confidential source which are now in our DOCUMENTS section:

• 1) 1T euro POF from HSBC-London
• 2) 1T euro FED Letter
• 3) 1T euro tear sheet from HSBC-London

This confidential source tells PPPKINGDOM that:
1) these funds are the tip of the iceberg belonging to YOHANNES RIYADI that are blocked in top banks around the world including the USA FED in NYC.
2) YOHANNES RIYADI is the single largest depositor at HSBC-London but HSBC-London will never admit or deny it.
3) HSBC – London sells cash backed BGs based on these Riyadi funds on the interbank screen. This confidential source has indicated that they will soon provide PPPKINGDOM a copy of such a 100B euro BG.
WITH YOUR HELP, PPPKINGDOM WANTS TO EXPOSE THE TRUE OWNERS BEHIND ALL THESE MEGA-POFs SEEKING TO BE MONETIZED FOR PPPs.
Best Regards,
FINANCIAL WARRIOR

link......

There are some PDF's there that purport to verify the source of Riyadi's funds are clean and real. I'm not sure thats the case. Not sure how to read that web sites attitude.

[TheNocturnalEgyptian]

http://www.reuters.com/article/2012/...81G11620120217

http://s1.reutersmedia.net/resources...=BTRE81G1CWS00

(Reuters) - Italian police said on Friday they had seized about $6 trillion worth of fake U.S. Treasury bonds and other securities in Switzerland, and arrested eight Italians accused of international fraud and other financial crimes.

The operation, co-ordinated by prosecutors from the southern Italian city of Potenza, was carried out by Italian, Swiss and U.S. authorities after a year-long investigation, an Italian police source said.

It began as a investigation into mafia loan-sharking, but gradually expanded as prosecutors used telephone and computer intercepts to unearth evidence of illegal activity surrounding Treasury bonds.

The fake securities, worth more than a third of U.S. national debt, were seized in January from a Swiss trust company where they were held in three large trunks.

The U.S. Embassy in Rome thanked the Italian authorities and said the forgeries were "an attempt to defraud several Swiss banks". It said U.S. experts had helped to identify the bonds as fakes.

Potenza's prosecutor Giovanni Colangelo said an international network "in many countries" was behind the forgeries.

Italian daily Corriere della Sera said on its website that the criminal network was believed to be interested in acquiring plutonium, citing sources at the prosecutors' office.

VERSAILLES

Police videos showed images of the trunks, with "Federal Reserve System, Treaty of Versailles" stamped on the side in large, golden letters.

Bond certificates marked "Chicago, Illinois, Federal Reserve Bank" and other securities, some for one billion dollars, were also shown.

U.S. bond traders took a light-hearted view of the news.

"If there's that much less supply now, Treasuries should be rallying," joked Kevin Flanagan, fixed-income strategist at Morgan Stanley Smith Barney.

A trader at Citigroup said he had swapped jokes with colleagues about the seizure, which would not move markets.

"It's kind of like fake inflation I guess, if you take it to the max, but I don't think it means that much."

Prosecutors said the forgers had hoped to use the fake bonds as collateral to secure loans.

The eight men arrested are accused of counterfeiting bonds, credit card forgery, and loan-sharking in the Italian regions of Lombardy, Piedmont, Lazio and Basilicata, police said.

The Swiss Federal Prosecutor's office said Zurich state prosecutors had worked on the investigation at the request of the Italian prosecutor. The Swiss handed over their findings in July last year.

In 2009, Italian financial police seized $742 billion of fake U.S. bearer bonds in the of Chiasso, on the Swiss-Italian border.

(Additional reporting by Steve Scherer and Emily Flitter; Editing by Andrew Roche)

(In 11th paragraph, corrects company name of strategist to Morgan Stanley Smith Barney, instead of Morgan Stanley)

[Neuro]

Interesting that the Bond pictured above has 33 coupons...

Did they arrest anyone this time? Or did they just let the perpetrators go without taking their name...

[TheNocturnalEgyptian]

arrested eight Italians accused of international fraud

But I will admit this thread does not have very much meat. To spice it up, I looked around regarding bearer bonds. http://en.wikipedia.org/wiki/Bearer_...opular_culture

I found some other stuff on the bonds, too. This is from some conspiracy rag,

Riad sued the United States for $15 billion, in Federal Court.

The billion-dollar bonds allegedly were used by the government for debt-management purposes in the 1930s when physically moving lower-denomination currency or gold was impractical.

[DW: In reality, it wasn't practical to move the gold because it had been put "on deposit" with the Federal Reserve banks, worldwide.]

While there have been reports of fake billion-dollar bonds turning up in the past, Riad claims his bonds are genuine, and that several experts support that contention.




But no federal agency will redeem them, he says, despite "extensive and exhaustive proof of the authenticity of the Bonds."

According to what he calls an Affidavit of Procurement, filed as an exhibit to his complaint, Riad claims the boxes became his collateral for more than $76,000 in loans he made to a "mandate to the South African government."

http://divinecosmos.com/images/image/riad_bond_8G.jpg

http://divinecosmos.com/images/image/riad_bond_8F.jpg

http://divinecosmos.com/images/image/riad_bond_8A.jpg

http://divinecosmos.com/images/image/riad_bond_10B.jpg

These would be different bonds. I was just searching for other stories about people stealing bonds, stuff like that.

[BrewTech]

The fake securities, worth more than a third of U.S. national debt

True dat!