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.
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.
US government securities seized from Japanese nationals, not clear whether real or fake
Brilliant Game Studios follows up on their 2016 video that showed off a crowd-renderer by pitting 11,000 penguins against 4,000 Santas with a new video demoing "our new GPU accelerated dismemberment and procedural wounding system. Limbs can be cut off on a massive scale. Wound from getting hit appear as deep gouges which warp their […]
George writes, "AntiPolygraph.org has released the 5th edition of its free ebook, The Lie Behind the Lie Detector, which provides a thorough debunking of the pseudoscience of polygraphy and explains how to pass or beat a polygraph test."
Illumipaper is a well-developed prototype from Interactive Media Lab Dresden; the researchers behind it used a variety of techniques to create regular-seeming paper with all the traditional characteristics (it can be crumpled, folded, written on with pen and ink, etc); but a wireless controller allows it to be selectively illuminated to provide interactivity (e.g. to […]
Anyone can learn piano, but don’t tell that to the bored kids who had to endure hours of “Chopsticks” and similar drills in their music lessons. Today, there’s a better way. Pianoforall lets you jump right in to discover what makes music fun, leaving you eager to learn more. In a simple but innovative approach, […]
There are two times you never want to just “eyeball” it: Conducting brain surgery and matching shades of paint for your walls. Whether you’re painting or repainting, make sure you’re never just “close enough” to the color you want. Not when the Nix Mini Color Sensor can scan and match any color perfectly. Small enough […]
In photography as in film, all the real artistry is in post-production – increasingly so, with the new possibilities cropping up in digital imaging. If you’re ready to get serious about your photography, may we suggest HDR Projects 2018 Pro. As working photographers can tell you, this imaging software can help you re-imagine even the […]