2 orientals caught smuggling $134 billion in US Bonds
Japan is investigating reports two of its citizens were detained in Italy after allegedly attempting to take $134 billion worth of U.S. bonds over the border into Switzerland.
Apparently Japanese, but in a case like this I wouldn't trust anything until it has been confirmed.
Potentially, it could be fake securities, but at that scale I doubt it. More likely it's a international criminal group, a major corporation or a government trying to smuggle real ones. It seems likely to me that this is Japan, China or some other country, trying to sell some of it's US Treasury bonds secretly.
Jay