The Japanese Bond Smugglers Are Missing

seized-bonds

At least the Japanese press is sitll interested in story of the two Japanese men caugh withs ome $134.5 billion in (presumably fake) US bearer bonds.

We can’t read Japanese, and Google Translate isn’t particularly helpful, but a reader informs us that the gist of this story is that a newspaper sent a reporter to Como, Italy and found that the men had been released, with their whereabouts unknown.

Now, the easiest, most-benign explanation for this whole thing is that it’s just a counterfeiting scheme. Fine, but then why do you let them go without tracking their whereabouts?

This could be the reason why: The US Bearer Bonds ‘Coincidence’

Related articles:
US Treasury says bonds seized in Italy are fakes
The Saga Of The Bearer Bonds; Smuggled Bonds Are Probably Genuine

Joe Weisenthal
Jun. 17, 2009

Source: The Business Insider

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