Attempt to smuggle 134 billion in US bonds in a suitcase?

Discussion in 'Wall St. News' started by Misthos, Jun 11, 2009.

  1. This news item has been barely mentioned in the main stream media. But the implications and unanswered questions are unsettling. Why and Who? There has to be a country behind this, no individual(s) can have acces to that kind of dough - unless of course they are counterfeit - which also is unsettling.


    2 Japanese carrying $134 bil worth of U.S. bonds detained in Italy
    Thursday 11th June, 06:18 AM JST

    ROME —
    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. The Japanese consulate general in Milan confirmed that the detention had taken place and said it was trying to confirm with Italian authorities whether the two were indeed Japanese nationals and their identities.

    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 daily did not say on what charges they have been detained, but the two may have been detained on suspicion of attempting to take a large amount of securities out of Italy without declaring it because the paper said they had not declared the bonds.
  2. Daal


    Looks like the BOJ is not worried about UBS
  3. More importantly - what kind of free toaster does one get by opening that kind of checking account?
  4. This is some funny sh1t...

    You might get the North Korean, 'nucular'-powered model for that one, Mist...
  5. What happens to the money?

    Is it Berlusconi's?
  6. Daal


    I dont think anyone has that kind of money, outside a central bank. The police either misread that certificates or they were phony to begin with
  7. Happens often in Switzerland. Actor Don Johnson :

    In November 2002, German customs officers at the Swiss-German border performed a routine search of Johnson's car. Bank statements evidencing US$8 billion in transactions were found in the trunk of his car.He was accompanied in his black Mercedes-Benz by three men: an investment adviser,a personal assistant,and a third of unknown identity.Initially it was thought Johnson was involved in money-laundering,but he was cleared of wrongdoing
  8. He was just paying the bills for Melanie Griffith's plastic surgery.
  9. This story is suspicious to me. It has several holes:

    1. Bearer bonds are rare, except in Hollywood movies.
    2. There are many unmanned Swiss-Italy border crossings. What kind of stupid money smuggler goes to Chiasso, where all the cops are.
    3. With that kind of money you could easily bribe any italian authority, that this even reached the media is unbelievable.

    I think more likely, this is just another stealth attack on swiss bank secrecy, to justify any measures against the swiss in the name of avoiding "scandalous money laundering" going on.
  10. What is the name of the Jap maf*a again?
    #10     Jun 11, 2009