Fake US bonds worth trillions seized [View all]

[dipsydoodle]

Italian prosecutors say they have broken up an organised crime ring that was hiding trillions of dollars of fake US bonds.

Worth $6 trillion, the bonds were found in three metal boxes in a warehouse in the Swiss city of Zurich.

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Fake US securities have been seized in Italy before and there were at least three cases in 2009.

But this case is on a different scale to previous investigations, as the fake bonds have a value equivalent to almost half of the entire US debt pile.

http://www.bbc.co.uk/news/business-17076378