posted on Jun, 11 2009 @ 05:37 PM
This is probably one of the more interesting news items I've come across lately. I heard about it two or three days ago.
My first thought is that it is a bond counterfeiting operation. That seems most likely in my mind. Whoever had these could have been using them as
collateral for some type of major deal. The value of the bonds is truly staggering and if not counterfeit, only a government would have this kind of
money, and bearer bonds might as well be money.
If not counterfeit, only a state actor would have this kind of money. The three that come immediately to mind are Japan, China, and Saudi Arabia. Due
to the ethnicity of the people found with them I think we can rule out KSA. Why either China or Japan would smuggle through "normal" routes rather
than through diplomatic mail is my main question on that route of thought. The only possibility I can think of why either of those state actors would
use old fashioned smuggling rather than diplomatically protected mail, is perhaps whoever it is (if the bonds are real) fears that their diplomatic
services are compromised.
Another possible state actor culprit is North Korea. They have long been known to be into counterfeiting, and also for their agents to travel using
fake but very good Japanese credential.
If the bonds are real I really don't see the Triads, Tongs, or Yakuza ( going of the Asian ethnicity of those caught) or the mafia (it was in Italy)
even if they had that kind of dough risking it all in a single border crossing.
I don't know what's going on with it. The parsimonious answer is that they are fake, and it's just a HUGE counterfeiting operation, but with
everything going on in the world economy I just don't know. Maybe Japan or China is quietly trying to slip out of T's in a way that no one would
notice they were selling.
I hope some media organization with some financial acuity picks up this story and does some digging.