Italy Seizes $6 Trillion in Fake U.S. Bonds

Italian police have seized $6 trillion of fake US bonds in Switzerland.

Reuters - Italian police said on Friday they had seized about $6 trillion of fake U.S. Treasury bonds in Switzerland, and issued arrest warrants for eight people accused of international fraud and other financial crimes.

Italian police said on Friday they had seized about $6 trillion of fake U.S. Treasury bonds in Switzerland, and issued arrest warrants for eight people accused of international fraud and other financial ...

Following the discovery of counterfeit $100 polymer bills this month, the RCMP is starting to worry that Canadians have grown overconfident in the new bank notes. The Bank of Canada unveiled the new series of bank notes in 2011, touting the their world-class security and durability. In the past several weeks, police have seized counterfeit polymer bills in cities within the Lower Mainland area surrounding Vancouver.

Thirty seven people have been arrested in a crackdown on fake condoms, China Daily reports. According to the state-run newspaper, more than 4.6 million fake contraceptives, worth around 47.7 million yuan ($7.8 million), were seized in raids across Central China.

US law enforcement officials have seized a record $13.6 million in fake goods and arrested more than 20 people in a nationwide crackdown on the selling of counterfeit NFL merchandise.

Italian police said on Friday they had seized about $6 trillion of fake U.S. Treasury bonds in Switzerland, and issued arrest warrants for eight people accused of international fraud and other financial crimes.