An Italian organized crime ring has been busted for hiding $6 trillion in fake U.S. Treasury bonds in safe-deposit boxes in Zurich, Switzerland.
$6 trillion is the equivalent of almost half of the U.S. debt. The BBC is reporting that hte fake bonds were dated from 1934 and that they had a value of $1 billion each.
Italian authorities have made eight arrests in connection with the fraud. This isn’t the first time the Italians have tried to cash in with fake U.S. money, as there are at least from 2009 – this one though, set a record.
