Arrests made in Italy after discovery of $6 trillion in fake U.S. bonds

Italian authorities on Friday arrested eight people in possession of an estimated $6 trillion in counterfeit U.S. Treasury bonds, according to Italian paramilitary police and an Italian news agency.

The discovery of the fake bonds -- made to look as if they were printed by the U.S. Federal Reserve in 1934 -- came about as part of an investigation into a local mafia association.

The arrest order for the alleged criminals was issued by a preliminary investigative judge in the southern Italian city of Potenza, police noted.

http://articles.cnn.com/2012-02-17/world/world_europe_italy-counterfeit-bonds_1_counterfeit-bonds-arrest-order-italian-authorities?_s=PM:EUROPE