Two trillion dollar arrest

news.com.au ^ | March 2, 2003

[Indy Pendance]

POLICE have arrested a man with two trillion US dollars in forged US treasury bonds in his possession, police said yesterday.

The 63-year-old man was arrested late yesterday in a raid on his flat in downtown Hong Kong.

Sixteen boxes, each containing 4000 forged bonds, were also seized.

Police raided 47 locations where suspected fake bank documents including standby letters of credit, bank guarantees, US Federal Reserve bonds and promissory notes were seized.

[tet68]

Now this could get interesting.
Possible state involvement? Which one?
It takes a lot of resources to do this.

[Jhoffa_]

POLICE have arrested a man with two trillion US dollars in forged US treasury bonds in his possession, police said yesterday.

Wow..

Now, to me this sounds like much more than your average funny money printer trying to "make" a few bucks on the side. (yes, it was a bad pun)

Two trillion sounds more like "attempt to sabotoge the US economy" to me.

As such, I wonder if it's related to the WOT?

[KarlInOhio]

The suspect claimed that he got the bonds from a Nigerian gentleman who he help get even more money out of Africa.

[KarlInOhio]

More seriously, who arrested him? Since it was in Hong Kong, I expect that it was the Chinese police.

[templar]

And I've been told it's the currency counterfeiters that are a problem.

Wonder how one would use these bonds? And how they would be passed off on unsuspecting purchasers? and who the purchasers might be, drug lords maybe? I hope we hear more of the disposition of this.

[FreePaul]

Each bond would be worth over thirty million. You don't cash those in at your local bank.

[johniegrad]

Forged $US2tn bonds seized
February 28, 2003

HONG Kong police have arrested a local man who had two trillion US dollars in forged US treasury bonds in his possession, police said.

The 63-year-old man, whose name has not been not released pending the outcome of the investigation, was arrested late yesterday in an anti-scam raid on his flat in downtown Hong Kong.

Sixteen boxes, containing 4000 forged bonds, were also seized.

Earlier this week eight people, including one woman, were nabbed in an operation targeting an international advanced fee fraud syndicate, police said.

Police officers raided 47 Hong Kong locations where suspected fake bank documents including standby letters of credit, bank guarantees, US Federal Reserve Bonds and Promissory Notes were seized.

[Texas_Jarhead]

NCN!

Nuke China Now!

[Indy Pendance]

I've been searching for more information, so far, only two news sources have this identical story. Nothing more yet.

[Willie Green]

Has anybody kept track of Paul O'Neill since he left the Treasury?
He really came unglued after that Bono tour,
I'd hate to find out that he's finally stooped to something like this.
It'd be like Robert Blake murdering his wife, or Zsa Zsa Gabor getting arrested for shoplifting.
Always a sad tale when the high and mighty fall.

[BlackJack]

This is another way of waging war.
This is very significant info.

[johniegrad]

Another suspected fraudster arrested

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Following an operation against an international advanced fee fraud syndicate on February 25 and 26, Police today (February 27) arrested another man, aged 63, and seized forged US Treasury Bonds with a total face value of US$2,000 billion.

On the past two days, Commercial Crime Bureau (CCB) officers raided 47 locations throughout Hong Kong where suspected fake bank documents including standby letters of credit, bank guarantees, US Federal Reserve Bonds and Promissory Notes were seized, and arrested seven men and a woman, aged between 25 and 61.

They were released on bail ranging from $2,000 to $30,000 each pending further enquiries.

The 63-year-old man was today apprehended in a flat in Central where 16 boxes containing 4 000 pieces forged US Treasury Bonds with a total face value of US$2,000 billion were seized.

The man is still being detained for enquiries.

Reminding members of the public that possessing US Treasury Bonds of such a large face value of US$500 million each is extremely unusual, a spokesman urged anyone who has information on forged US Treasury Bonds to contact the CCB on 2860 5012.

Police Report No.5
Issued by PPRB
End/2230 hours, Thursday, February 27, 2003 (RCH/PW)

[johniegrad]

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[LatelineNews: 2003-2-28] HONG KONG - Hong Kong police said they have arrested nine people and seized forged bank documents, including fake U.S. Treasury bonds with a total face value of US$2 trillion, after a series of raids.
No charges have been laid, and eight of those arrested had been released on bail on Thursday, police said in a statement.

The raids, conducted over three days this week, were part of an operation against an international fraud syndicate. Forged standby letters of credit, bank guarantees and promissory notes were also seized, police said.

The ninth person arrested, a 63-year-old man, was apprehended in a flat where police found 16 boxes containing 4,000 fake U.S. Treasury bonds. Some of the bonds had a face value of $500 million.

Police gave no other details. (Reuters) Printer-friendly version

Muzi.com News http://latelinenews.com

[Cicero]

That's a serious sum of money. Even Greenspan would blink.

[WildWeasel]

Uh oh, now where is the campaign money going to come from for the DNC??

[Cicero]

I can't resist posting another article here from the same newspaper:

Mouse plays micky with police
February 27, 2003

POLICE raced to a Sydney bank yesterday, fearing an armed robbery was underway - after a shopper heard women in the building screaming hysterically.

A man, standing outside the Westpac on Anzac Pde at Kingsford, became so concerned by the commotion he alerted police saying he believed there must be a gun-wielding intruder inside.

Within minutes, Maroubra police station's finest were on the scene -- only to find both staff and customers leaping around after a mouse on the loose.

"We were just running trying to catch this mouse and then the police turned up," said a giggling customer.

Inspector Daryl Irvin joked: "I don't believe the mouse was armed".

The rodent was eventually captured by staff and released.

The Daily Telegraph

[justshe]

Can anyone explain what an "advanced fee" fraud syndicate is?

[navyblue]

"Nuke China Now!"

Take a strain there Jarhead! It was the Chinese cops that made the bust! Don't think they would have done that if they were behind the scam.

[bert]

If youare going to be a crook.....think big.