Italian police have confiscated around $6 trillion of counterfeit U.S. Treasury Bonds on Friday, a number equal to almost half of the entire U.S. debt. As ridiculous as that figure sounds (as unbelievable as Walmart's $1 million bill thief?), Italian Investigators in Potenza Italy told the BBC that the fraud posed "severe threats" to international financial security. Bloomberg broke down the specifics on the fake bonds: "The U.S. embassy in Rome has examined the securities dated 1934, which had a nominal value of $1 billion apiece,
Italians Seize Fake U.S. Bonds Worth Nearly Half of U.S. Debt
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Seeded on Fri Feb 17, 2012 10:48 PM

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