Poland seizes $100 million in fake US bonds

AP News
Posted: Mar 19, 2012 7:38 AM
Poland seizes $100 million in fake US bonds

Eight people are to be questioned on counterfeiting charges on Monday after they were found with $100 million in fake U.S. treasury bonds in their possession, Polish authorities say.

The Central Anti-Corruption Bureau, a state agency, said the suspects _ three Poles, two Italians, two Ukrainians, and a Moldovan woman _ were arrested on Sunday afternoon in regions around Krakow and Lublin, in southern and eastern Poland.

A spokesman for the bureau, Jacek Dobrzynski, said the suspects were taken by surprise in Sunday's raid. He said the value of the fake bonds was a record seizure for the bureau.

The suspects are to be questioned by prosecutors in Lublin on Monday.

No other details were immediately available, and it wasn't clear if any fake bonds in the scam made it to the market.