National Terror Alert first reported this story via Twitter back on June 11th and finally it’s getting some press. The mystery however remains. Glenn Beck attempted to get some answers but due to the ongoing investigation no additional information is being released.

Background – According to Japan Today News, two Japanese nationals were detained by Italian financial police on June 3rd after trying to enter Switzerland with $134 billion worth of undeclared U.S. bonds, mostly Treasury bonds, according to an Italian daily. The Japanese consulate general in Milan confirmed that the detention had taken place and said it was trying to confirm the authenticity of the bonds.

Original Post

2 Japanese Carrying $134 Billion In U.S. Bonds Detained In Italy

Updated Story Via Times Online

Italian prosecutors were trying to establish yesterday whether US bonds with a face value of $134 billion seized from two alleged smugglers were real or counterfeit.

The bonds were found when the two men — said to be Japanese but as yet not identified — were arrested while attempting to cross into Switzerland from Italy by train at the frontier town of Chiasso this month. Prosecutors in Como said that the two men had hidden the bonds in the false bottom of a suitcase.

Police said that Chiasso was a notorious crossing point for currency and bond smugglers but the sums involved this time were “colossal”. The amount of $134 billion would place the two travelers as the fourth most important investors in US debt, well ahead of Britain ($128.2 billion) and just behind Russia ($138.4 billion).

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