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Posts Tagged ‘Corriere della Sera’

Italian police seize $6 trillion of fake U.S. bonds

Posted by Admin on February 18, 2012

http://news.yahoo.com/italy-police-seize-6-trillion-fake-u-t-144806353.html;_ylt=AvhtJn.ZeMbZWHHPr6Q6RHSs0NUE;_ylu=X3oDMTNsc2wwYWgwBG1pdANUb3BTdG9yeSBGUARwa2cDYTI3Njg2ZDgtOGFjOC0zM2EwLWE3MGEtYzgxMWU5N2IxMDFlBHBvcwMzBHNlYwN0b3Bfc3RvcnkEdmVyAzAyNmExNzYwLTU5YjctMTFlMS1iZWVmLTcyMjdlOWE3MGZkNg–;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

By Elisa Forte and Gavin Jones | Reuters – 14 hrs ago

POTENZA, Italy (Reuters) – Italian police said on Friday they had seized about $6 trillion worth of fake U.S. Treasury bonds and other securities in Switzerland, and arrested eight Italians accused of international fraud and other financial crimes.

The operation, co-ordinated by prosecutors from the southern Italian city of Potenza, was carried out by Italian, Swiss and U.S. authorities after a year-long investigation, an Italian police source said.

It began as a investigation into mafia loan-sharking, but gradually expanded as prosecutors used telephone and computer intercepts to unearth evidence of illegal activity surrounding Treasury bonds.

The fake securities, worth more than a third of U.S. national debt, were seized in January from a Swiss trust company where they were held in three large trunks.

The U.S. Embassy in Rome thanked the Italian authorities and said the forgeries were “an attempt to defraud several Swiss banks”. It said U.S. experts had helped to identify the bonds as fakes.

Potenza’s prosecutor Giovanni Colangelo said an international network “in many countries” was behind the forgeries.

Italian daily Corriere della Sera said on its website that the criminal network was believed to be interested in acquiring plutonium, citing sources at the prosecutors’ office.

VERSAILLES

Police videos showed images of the trunks, with “Federal Reserve System, Treaty of Versailles” stamped on the side in large, golden letters.

Bond certificates marked “Chicago, Illinois, Federal Reserve Bank” and other securities, some for one billion dollars, were also shown.

U.S. bond traders took a light-hearted view of the news.

“If there’s that much less supply now, Treasuries should be rallying,” joked Kevin Flanagan, fixed-income strategist at Morgan Stanley Smith Barney.

A trader at Citigroup said he had swapped jokes with colleagues about the seizure, which would not move markets.

“It’s kind of like fake inflation I guess, if you take it to the max, but I don’t think it means that much.”

Prosecutors said the forgers had hoped to use the fake bonds as collateral to secure loans.

The eight men arrested are accused of counterfeiting bonds, credit card forgery, and loan-sharking in the Italian regions of Lombardy, Piedmont, Lazio and Basilicata, police said.

The Swiss Federal Prosecutor’s office said Zurich state prosecutors had worked on the investigation at the request of the Italian prosecutor. The Swiss handed over their findings in July last year.

In 2009, Italian financial police seized $742 billion of fake U.S. bearer bonds in the of Chiasso, on the Swiss-Italian border.

(Additional reporting by Steve Scherer and Emily Flitter; Editing by Andrew Roche)

(In 11th paragraph, corrects company name of strategist to Morgan Stanley Smith Barney, instead ofMorgan Stanley)

Fake U.S. Treasury bonds are displayed during a news conference in the southern Italian city of Potenza

  1. Fake U.S. Treasury bonds are displayed during a news conference in the southern Italian city of Potenza February 17, 2012. REUTERS/Tony Vece

Chief prosecutor of Potenza Colangelo talks during a news conference in the southern Italian city of Potenza

  1. Chief prosecutor of Potenza Giovanni Colangelo (C) talks during a news conference in the southern Italian city of Potenza February 17, 2012. Italian police said on Friday they had seized about $6 trillion of fake U.S. Treasury bonds in Switzerland, and issued arrest warrants for eight people accused of international fraud and other financial crimes. The operation, co-ordinated by prosecutors from the southern Italian city of Potenza, was carried out by Italian and Swiss authorities after a year-long investigation, an Italian police source said. REUTERS/Tony Veceless 

A trunk containing fake U.S. Treasury bonds is displayed during a news conference in the southern Italian city of Potenza

  1. A trunk containing fake U.S. Treasury bonds is displayed during a news conference in the southern Italian city of Potenza February 17, 2012. REUTERS/Tony Vece

Italian Carabinieri display fake U.S. Treasury bonds during a news conference in the southern Italian city of Potenza

  1. Italian Carabinieri display fake U.S. Treasury bonds during a news conference in the southern Italian city of Potenza February 17, 2012. REUTERS/Tony Vece

Posted in Conspiracy Archives, Economic Upheavals, Geo-Politics, Global Research, Press Releases, Rated R, Truthout Articles | Tagged: , , , , , , , , | Comments Off on Italian police seize $6 trillion of fake U.S. bonds

Silvio Berlusconi investigated in teenage prostitution case

Posted by Admin on January 17, 2011

http://www.headlinenewsbureau.com/siterun_data/news/world/doc29611995f6c946805d53b184525e78ce.html

Italian prime minister also suspected of abusing position by putting pressure on police

Silvio Berlusconi has been formally placed under investigation on suspicion of paying for sex with a 17-year old girl, according to a statement issued today by prosecutors in Milan.

He was further accused of abusing his position as Italy‘s prime minister by bringing pressure to bear on the police to cover up his alleged relationship with the girl, who was working as a prostitute. The two alleged offences carry sentences totalling 15 years in jail.

The statement said Berlusconi, who has not been charged, had been invited to present himself for questioning. The prosecutors said he had been formally made a suspect on 21 December, but the news only broke today on the website of the Italian daily Corriere della Sera .

Berlusconi’s legal team said today the investigation was “absurd and groundless” and the allegations raised had already been denied by the main figures in the case. They called the inquiry a “very serious interference in the private life” of the prime minister.

The reported investigation concerns Karima el-Mahroug, otherwise known as Ruby Rubacuori or Ruby Heartstealer, a then 17-year-old Moroccan girl who told investigators last year that she had attended parties at Berlusconi’s villa near Milan . One of these, she was reported to have said, ended in an erotic game known to participants as “bunga bunga”.

The case came to light after Mahroug, first named in some reports as Karima Keyek, was arrested last May on suspicion of theft. She had run away from a care home, but instead of being returned to care she was handed over to a confidante of the prime minister, Nicole Minetti.

A half-British former showgirl, Minetti became Berlusconi’s dental hygienist and, soon afterwards, a regional parliamentarian for his Freedom People movement. Corriere said police raided her office in Milan this morning.

Minetti is already under investigation for aiding and abetting prostitution, along with two other close associates of the prime minister, a newscaster on one of his three television channels and a showbusiness talent scout. Corriere reported that the police attempted to search the office of another Berlusconi confidante, but withdrew after it was claimed that the premises were covered by parliamentary immunity.

The age of sexual consent under Italian law is 14, but paying for sex with a prostitute under 18 is an offence that carries a sentence of up to three years. Politicians and others found guilt of abusing their position risk jail sentences of up to 12 years.

Berlusconi, who spent part of this morning meeting with his lawyers, gave no immediate reaction, but his education minister, Mariastella Gelmini, said the prime minister was the “object of persecution by certain prosecution services”.

Silvio Berlusconi Italy John Hooper Guardian News & Media Limited 2011

 

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