Fake bonds
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Mafia probe led to huge fake bonds find

Italian prosecutors say they have broken up an organised crime ring that was hiding trillions of dollars of fake US bonds.

Worth $6 trillion, the bonds were found in three metal boxes in a warehouse in the Swiss city of Zurich.

The BBC's Alan Johnson said that an investigation into a mafia group in southern Italy resulted in the chance finding of a number of bonds in a suspect's home some time ago.

Authorities then began a complex investigation across several countries, which eventually led them to Switzerland.

The BBC's Alan Johnston reports.

  • 17 Feb 2012
  • From the section Europe
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