Reply #26: This has nothing to do with what is happening in the market today [View All]

[Robbien]

but thought it was a fascinating financial story.

Billions in US Bonds Seized in British Drug Raids

The seizure of suspected U.S. bonds worth $6 billion (5.5 billion euros) by British police during a drug cartel investigation has dealt a significant blow to the cartel's operations, according to an expert on money laundering.

Working with Colombian authorities, British police came upon billions of dollars worth of bonds while conducting two raids in north London and in Essex, east of the capital.

During those searches, 13 people were arrested, nine of whom have now been charged and the rest released. In addition, several million dollars worth of cash and drugs were seized.

The British police operation took place in July and August but details were not released until Colombian authorities made the announcement on Thursday.

Officers from Britain's National Crime Squad are now in the process of determining whether the bonds are genuine. But even if not, money laundering expert Jeffrey Robinson says the bust caused real damage to the cartel.

So in addition to the bonds we peddle, there could be billions of phony bonds out there.

http://www.truthnews.net/daily/2003090034.htm