Two Japanese smugglers were busted on the Italian-Swiss border with a suitcase whose false bottom was stuffed with $134.5 billion in US treasury bonds, including two one billion dollar
Kennedy bonds (a denomination used for national currency reserves). Either these guys are the world's dumbest, most ambitious counterfeiters, or they're the biggest currency smugglers ever caught.
It gets better: Italian law says that the penalty for currency smuggling is 40% of the seized cash, and that 40% (US$28 billion) will take a huge bite out of Italy's public debt.
If the certificates were real, for Italy it would be like hitting the jackpot. The fine alone would amount to US$ 38 billion, five times the estimated cost of rebuilding quake-devastated Abruzzi region. It would help Italy's eliminate its public deficit.
US government securities seized from Japanese nationals, not clear whether real or fake
If the certificates are fakes the two Japanese nationals could get a very lengthy jail sentence for fraud.
As soon as the seizure was made the US Embassy in Rome was informed. Italian and US secret services were called in to assist the Italian financial police.
Some important international financial newspapers had already reported on the existence of 'funny money' circulating on parallel, i.e. unofficial, financial markets.
Thanks to everyone who came out for last night’s final London event on the UK Walkaway tour, at Pages of Hackney with Olivia Sudjic; today I’m heading to Waterstones Liverpool One for an event with Dr Chris Pak, followed by a stop tomorrow at Waterstones in Birmingham and then wrapping up in the UK with […]
Last night’s sold-out Walkaway tour event with Laurie Penny at Waterstones Tottenham Court Road was spectacular (and not just because they had some really good whisky behind the bar), and the action continues today with a conversation with Olivia Sudjic tonight at Pages of Hackney, where we’ll be discussing her novel Sympathy as well as […]
The following is an excerpt from my new book, The PrEP Diaries: A Safe(r) Sex Memoir, now available from Lethe Press. The book chronicles the before-and-after of using Truvada PrEP, a recent breakthrough in HIV prevention that has prompted a new sexual revolution–except that most individuals have no idea it exists. Through sex positivity, explicit openness, and fun, I hope to make many more people aware that PrEP is an option for them in not just preventing HIV but having a better, braver sex life.
Boasting an IPX6 waterproof rating, the Trakk Bullet Ultra Compact Waterproof Bluetooth Speaker resists dust and heavy rainfall. It’s currently available in the Boing Boing Store.The Trakk Bullet offers the same wireless convenience as other portable speakers, but few are built as tough as this one. Its utilitarian construction is designed to be a totally low-maintenance […]
The Ticwatch 2 Active Smartwatch is a simpler take on an active wearable that raised over $2m dollars on Kickstarter and is currently offered in the Boing Boing Store.Somewhere in between the single-day battery life and platform-specificity of the Apple Watch and Android Wear devices, there exists the Ticwatch. Instead of trying to shoehorn another […]
Loot Crate is a subscription service that delivers a box of curated pop culture goods to your doorstep. To sample their geeky wares, you can order a single mystery box exclusively from the Boing Boing Store.Each month Loot Crate sends you 6-7 unique items and apparel, including collectibles, books, and t-shirts. Pulling inspiration from all […]