Italy confiscates $6 trillion in fake U.S. bonds

 (CBS)

February 17, 2012 10:14 AM

(AP) 
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, according to prosecutors in the southern Italian city of Potenza.

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