Italy confiscates fake U.S. bonds

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Prosecutors refused to say anything more. But the Italian news agency ANSA, citing unidentified investigative sources, said phone taps indicated that there had been some interest from the suspects in acquiring plutonium from unidentified Nigerians.

Associated Press

MILAN — Swiss authorities have confiscated $6 trillion in counterfeit U.S. bonds at the request of Italian prosecutors, authorities in Italy said Friday.

Eight people were arrested in Italy and placed under investigation for fraud and other crimes.

The bonds, carrying the false date of issue of 1934, had been transported in 2007 from Hong Kong to Zurich, where they were transferred to a Swiss trust.

Authorities said that U.S. officials had confirmed the bonds were counterfeit.

Prosecutors said the fraud had not been completed, but it appeared that the suspects intended to try to sell the fake bonds to a developing nation.

Prosecutors refused to say anything more. But the Italian news agency ANSA, citing unidentified investigative sources, said phone taps indicated that there had been some interest from the suspects in acquiring plutonium from unidentified Nigerians.