February 17, 2012
Record $6 Trillion of Fake U.S. Bonds Seized
Creating fake Treasuries is a “common scam, especially in Italy,” he said. The tipoff was the “astronomical” face value of each bond, he said. Fake bonds in high denominations are more common in Europe, where people are less familiar with the face value of U.S. Treasury bonds than in the U.S., he said.
This would probably be a good time to mention that I prefer to buy U.S. Treasury bonds directly through the government and cut out the middlemen.
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