134 billion in smuggled bearer bonds (Full Version)

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DomKen -> 134 billion in smuggled bearer bonds (6/13/2009 4:35:08 PM)

Been trying to follow this but my french is rusty and my italian and german are worse.
It appears that 2 Japanese citizens were caught trying to smuggle $134 billion in legitimate US isssued bearer bonds into Switzerland. However there aren't supposed to be that much in US bearer bonds still circulating. Now the Germans at least are saying these bonds are legit.

Did the italians just catch part of a black ops slush found operation?




LadyEllen -> RE: 134 billion in smuggled bearer bonds (6/13/2009 4:58:25 PM)

I think the Italians will be hoping its all genuine - theyre entitled to a good cut if it is; very handy for sorting that pesky overdraft (well some of it).

The US will be hoping none of it is - its a significant amount of money; more than enough to upset things if it were all called at once.

One must ask though, why two Japanese guys would be trying to get them into Switzerland? I doubt that Chiasso sees more than half a dozen oriental people in a year, so they'd stand out a mile (or 1.6 kilometres perhaps) and attract attention. If you were truly smuggling, you'd use locals who'd stand out a lot less and attract little attention above passport checks, and you'd go in by any other borders than Chiasso (or Basel or Vallorbe) which are the main trucking routes for smuggling all manner of things into Switzerland; there are plenty of other, less well staffed and equipped crossing points.

There is either much more to this than meets the eye or else two Japanese guys just f'd up in a most spectacular fashion.

E




ThatDamnedPanda -> RE: 134 billion in smuggled bearer bonds (6/13/2009 8:33:48 PM)

quote:

ORIGINAL: LadyEllen

One must ask though, why two Japanese guys would be trying to get them into Switzerland? I doubt that Chiasso sees more than half a dozen oriental people in a year, so they'd stand out a mile (or 1.6 kilometres perhaps) and attract attention. If you were truly smuggling, you'd use locals who'd stand out a lot less and attract little attention above passport checks, and you'd go in by any other borders than Chiasso (or Basel or Vallorbe) which are the main trucking routes for smuggling all manner of things into Switzerland; there are plenty of other, less well staffed and equipped crossing points.

There is either much more to this than meets the eye or else two Japanese guys just f'd up in a most spectacular fashion.


The thing that I keep getting stuck on is, fucking up in such an incredibly spectacular fashion is not something I would expect from anyone with 134 billion dollars. I would expect that anyone who had managed to obtain 134 billion dollars - in whatever way, for whatever reason - would be the sort of person who would understand the value of dotting the "i"s and crossing the "t"s. Whatever it is that's happening here, there's something quite odd about it.




LadyEllen -> RE: 134 billion in smuggled bearer bonds (6/14/2009 5:38:42 AM)

exactly Panda; these border types are not 100% by any means, so one would have thought the operation could be accomplished very easily. after all, Switzerland consumes some huge amount more sugar than it either produces or imports (officially). If its possible to smuggle tonnes and tonnes of sugar on trucks through heavily manned and well equipped crossings like Chiasso, Basel, Vallorbe.....

if it had been me (and God willing one day it will be), I should have arranged the purchase of 30,000 copies of some glossy magazine by the company I had set up in Switzerland for the purpose under the sort of assumed name that a few thousand Euros might well obtain from the right people. I should then have weighed out my bearer bonds and worked out how many magazines that would equate to, removing that number from the shipment to be replaced by my bearer bonds, at the bottom of the boxes of magazines.

the pallets of magazines would then go by commercial trucking company as a dedicated express shipment (with my associates and I tailing it in a variety of locally registered vehicles from the UK through to Switzerland). they would clear customs and we'd happily pay the duties and smile at the Zoll, and we'd receive them in our warehouse where the bonds would be removed and sent in small batches to wherever they were going in Switzerland (several different places, the others unknown to each courier), simultaneously, on the grounds that if anyone were onto us, they couldnt tail all of them and if any one were caught its likely the point of origin would be discovered anyway and we'd lose the lot. once all the bonds were off site and where they were meant to be, the magazines would be destroyed in the mystery fire that incidentally also destroyed any evidence whilst I was on business in Milano.

as an added distraction it could also be arranged for a few truckloads of 25 tonnes of sugar on trailers measuring 4.2m high to arrive at the same border as my magazines at the same time as my magazines. the prospect of a bunch of sugar shipments, overweight and overheight like this would send the border guards and customs into a frenzy of interest - hopefully getting my boring old magazines simply waved through.

although of course, all this is strictly fictional. as the CEO of a European trucking company that transits Switzerland about twenty times per week I couldnt possibly comment further on the weaknesses of border security anywhere - it might give people ideas.

E




FirmhandKY -> RE: 134 billion in smuggled bearer bonds (6/14/2009 10:41:12 AM)


The next time I wanted to smuggle something across international borders ... I'm giving you a call.  [:D]

Firm




LadyEllen -> RE: 134 billion in smuggled bearer bonds (6/14/2009 11:03:34 AM)

we're a bit like the A Team though mind - if you can find us

E




pahunkboy -> RE: 134 billion in smuggled bearer bonds (6/14/2009 6:57:56 PM)

the kicker is a blogger broke the story.   then Bloomberg.     score one for us cool bloggers!!




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