Italian cops said on Friday they seized $6 TRILLION! worth of fake U.S. Treasury bonds N other shit in Switzerland, N arrested eight Italians accused of international fraud N other financial crimes.
Check it. Italy Confiscates $6 Trillion in Fake US Bonds.
Authorities in Italy have confiscated $6 trillion in counterfeit US bonds and arrested eight people for fraud and other crimes.
Check it. Italian police seize $6 trillion in fake U.S. Treasury bonds.
The high-value equivalent of $3 carnival bills, the seized documents allegedly were part of a scheme to defraud Swiss banks. Eight suspects are arrested.
Check it. Italian police seize $6 trillion in fake T-bonds.
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.
Basically admitting the whole financial game market is a scam, U.S. bond traders joked about the news, “If there’s that much less supply now, Treasuries should be rallying,” chuckled a fixed-income strategist at Morgan Stanley. Reuters also reports 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…” Check it.