By GottaLaff
Billion, with a B:
Update: June 17th: Suitcase With $134 Billion Puts Dollar on Edge: Bloomberg
Update June 16th: We’ve updated this story $134 Billion U.S. Bond Mystery Continues In Italy
Update: Italy’s financial police said they asked the U.S. Securities and Exchange Commission to authenticate $134 billion worth of undeclared U.S. government bonds found in the false bottom of a suitcase carried by two Japanese travelers attempting to cross into Switzerland. A determination is expected within a few days.
Original Post
According to Japan Today, two Japanese nationals were detained by Italian financial police last week after trying to enter Switzerland with $134 billion worth of undeclared U.S. bonds, mostly Treasury bonds, an Italian daily said Wednesday. [...]
According to the report in il Giornale, two unidentified Japanese in their 50s concealed the bonds, including 249 U.S. Treasury bonds each worth $500 million, in a suitcase with a false bottom that was searched by the Italian authorities June 3 when they were in Chiasso, at the border with Switzerland, about 50 kilometers north of Milan. [...]
The treasure was in the hands of two Japanese from Italy were trying to enter Switzerland. In a suitcase were 249 bonds of the ‘Federal Reserve‘ American in the nominal value of 500 million each, and 10 ‘ bond Kennedy ‘ of the nominal value of $ 1 billion each, in addition to what is described as very original banking documentation. [...]
H/t: Fernando
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