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$4 Trillion In "Fake" Euro Bonds Seized At Vatican Bank

Tyler Durden's picture


In 2009, two Japanese individuals were arrested trying to smuggle $134 billion in US bonds into Switzerland from Italy. In 2012, Italian authorities seized $6 trillion in allegedly fake US bonds from safe-deposit boxes in Zurich (which were purportedly to be used to buy plutonium from Nigerian sources). And now, in 2014, The BBC reports, Italian police have arrested two men who were allegedly trying to deposit trillions of euros in fake bonds in the Vatican bank.


Via The BBC,

Italian police have arrested two men who were allegedly trying to deposit trillions of euros in fake bonds in the Vatican bank.


Officials say the pair, an American and a Dutch national, claimed they had an appointment with bank officials to gain entry but were handed over to police.


Fake bonds with a face value of 3tr euros ($4.1tr; £2.5tr) were found in their briefcase, the officials say.




The bank - officially called the Institute for the Works of Religion - runs thousands of private accounts held by cardinals, bishops and religious orders all over the world.


The two suspects were later released pending further investigation, Financial Guard police officer Davide Cardia told AP news agency, as Italian law does not require arrest for fraud investigations.

As FOX details,

Financial Guard police Lt. Col. Davide Cardia said the would-be swindlers, who were wearing business suits, tried to convince Swiss Guards at a Vatican City gate earlier this month that "cardinals were expecting them."


Cardia said the fake documents purported to be bond certificates for non-Italian companies. "The sum -- worth some 3 trillion euros (more than $4 trillion dollars) -- is impressive, even though it's only symbolic because we're talking about false" certificates, said Cardia, in charge of the financial police's operations in Rome and surrounding area.


Investigators suspect the men might have planned to use the fake bonds as security to open a hefty line of credit through the Vatican bank.


But this is not the first time,

Both suspects, whose names weren't released by police, had been previously investigated for attempted fraud in Asian countries, Cardia said without elaborating.

With trillion of freshly minted dollars, yen, euros, and yuan floating around the world (and all the subsequent monetized debt); and in light of increasing capital controls in a desperate world, who knows with any of these "frauds." Just the sheer scale of trying to pull of a trillion dollar fraud would be incredible were it not for the Central Banks numbing us to the new normal.

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Mon, 03/31/2014 - 11:11 | 4610613 fightthepower
fightthepower's picture


Mon, 03/31/2014 - 11:14 | 4610625 fonestar
fonestar's picture

Found hidden inside boxes of cocaine and condoms.

Mon, 03/31/2014 - 11:22 | 4610672 smlbizman
smlbizman's picture

would you like that in 10's or 20's......

Mon, 03/31/2014 - 11:25 | 4610686 Pladizow
Pladizow's picture

Perhaps Bernanke and Greenspan arn't retired?

Mon, 03/31/2014 - 12:03 | 4610825 strannick
strannick's picture

Another few QEs and such deposits will be no biggie...

Mon, 03/31/2014 - 12:25 | 4610896 Herd Redirectio...
Herd Redirection Committee's picture

What, no tip of the hat for HRC?  I commented on this more than 24 hours ago in ZH comments section...

Who gets to decide what is a fake security any way?

Mon, 03/31/2014 - 12:51 | 4610986 SafelyGraze
Mon, 03/31/2014 - 13:09 | 4611049 SamAdams
SamAdams's picture

This is great news!  Benjamin Fulford was needing some new material...

Mon, 03/31/2014 - 13:24 | 4611110 Quus Ant
Quus Ant's picture

damn, ZH...... this story got buried fast....

Mon, 03/31/2014 - 13:47 | 4611210 FEDbuster
FEDbuster's picture

I have tried to deposit a couple of my $100 trillion Zimbabwe bank notes at TBTF/TBTJ banks, with no success.  

Mon, 03/31/2014 - 18:14 | 4612082 MisterMousePotato
MisterMousePotato's picture

Don Johnson?

Mon, 03/31/2014 - 15:27 | 4611578 silvermail
silvermail's picture

I think that all U.S. government bonds are fake.

Mon, 03/31/2014 - 16:47 | 4611844 OpenThePodBayDoorHAL
OpenThePodBayDoorHAL's picture

have many kinds of stupid are these guys

I mean really...print up $10M in fake bonds, not $4 trillion

Mon, 03/31/2014 - 12:25 | 4610897 zerozulu
zerozulu's picture

Bond is bond, fake or real.

Mon, 03/31/2014 - 12:40 | 4610949 WhyDoesItHurtWh...
WhyDoesItHurtWhen iPee's picture

If I had not read this here and someone told me "The bank - officially called the Institute for the Works of Religion" I'd have said "get the fuck out".

Mon, 03/31/2014 - 13:25 | 4611113 DeadFred
DeadFred's picture

If the police catch you with a few thousand in fake bonds you have a problem. If they catch you with a few trillion in fake bonds they have a problem.

Wed, 04/02/2014 - 23:49 | 4620018 Steaming_Wookie_Doo
Steaming_Wookie_Doo's picture

Question: Do you make counterfeit $3 bills? No. Why? Because you know they're non-negotiable. Now, someone coming in with bonds in such high denominations-- these could be actual fakes, but based on some actual very large value bonds. Of course, it could be that these are actual high value bonds, but were "confiscated" for the benefit of some other party. Perhaps this is all groups "sending messages" to one another. You watch, those trying to deposit the bonds will end up walking, no jail no nothing. Can you imagine what would happen to you or I if we tried such a thing? 

Mon, 03/31/2014 - 15:08 | 4611520 Kirk2NCC1701
Kirk2NCC1701's picture

If successful, this could've been the Black Swan event that takes out the Bond market, and collapsed the whole fiat Ponzi.

Oh, so close, so close. Darn.

In any case, I note that the CBs have friends in higher places than the Church, which is ALLEGEDLY against Usury. Once again the guys following a warrior god (Moses's Elohim/Yahweh) beat the guys following his Hippie Son (JC). Wolves are still beating and eating the Sheep.


Mon, 03/31/2014 - 11:25 | 4610689 Manthong
Manthong's picture

Wow.. pretty tight security.. I’m impressed.

Each time I deposit a few trillion in fake bonds at my bank here, they don’t even bat an eyelash.

Mon, 03/31/2014 - 11:36 | 4610723 Quus Ant
Quus Ant's picture

Yeah, there's a lot more to this story.  4 TRILLION?  Who tries to steal 4 trillion?  Think they might check a few references?  Only governments try to steal 4 trillion.  Did Obama convince the vatican to seize 4 trillion from another government?   My conspiracy theory of the day.....

Mon, 03/31/2014 - 11:39 | 4610749 Termin8or
Termin8or's picture

Didn't O-Bama recently visit the Vatican? Coincident? 

Mon, 03/31/2014 - 12:04 | 4610814 Quus Ant
Quus Ant's picture

These two excerpts feel like the writer is hiding the truth in plain sight:

"would-be swindlers, who were wearing business suits, tried to convince Swiss Guards at a Vatican City gate earlier this month that "cardinals were expecting them."

 Were cardinals actually expecting them?  


"Investigators suspect the men might have planned to use the fake bonds as security to open a hefty line of credit through the Vatican bank."

Who with 4 TRILLION needs a line of credit?  4 trillion means you issue credit.

Mon, 03/31/2014 - 12:30 | 4610906 SDRII
SDRII's picture

NSA monitoring the conclave for "threats to the financial system"




Mon, 03/31/2014 - 13:16 | 4611071 Max Cynical
Max Cynical's picture

The timing of this is interesting. Perhaps the "would-be swindlers, who were wearing business suits" drove to the Vatican after arriving on Air Force One?

Mon, 03/31/2014 - 15:34 | 4611596 silvermail
silvermail's picture

"would-be swindlers, who were wearing business suits, tried to convince Ukrainian citizens at a Kiev City gate earlier this month that "they are the legitimate government of Ukraine.."

Mon, 03/31/2014 - 11:31 | 4610718 remain calm
remain calm's picture

The world is so fucking polluted its disgusting. If you aren't rapping and plundering then you are being rapped and plundered. God can not happy with what he created. Makes me believe their is no God, because why would you create such a fucked up place.

Mon, 03/31/2014 - 11:47 | 4610779 astoriajoe
astoriajoe's picture

Rap & Plunder, Hip-Hops newest dynamic duo.

Mon, 03/31/2014 - 16:23 | 4611742 post turtle saver
post turtle saver's picture

Rap & Plunder Production, Three Six Mafia, roll with us or get rolled over, shoot with us or get shot tha fuck up

Mon, 03/31/2014 - 11:50 | 4610795 Groundhog Day
Groundhog Day's picture

If only they tried it with 3,900,000,000,000 and kept it under the radar, they might have got away with it......greedy bastards

Mon, 03/31/2014 - 20:42 | 4612488 StychoKiller
StychoKiller's picture

10s or 20s...is that Ozs of Cocaine or cms of Condoms?

Mon, 03/31/2014 - 11:41 | 4610674 TruthInSunshine
TruthInSunshine's picture

"In 2009, two Japanese individuals were arrested trying to smuggle $134 billion in US bonds into Switzerland from Italy...

...And now, in 2014, The BBC reports, Italian police have arrested two men who were allegedly trying to deposit trillions of euros in fake bonds in the Vatican bank."

...Because inflation.

Mon, 03/31/2014 - 11:25 | 4610676 Headbanger
Headbanger's picture

Reminds me of "The Italian Job"!


And did these two guys look like Timmay and Larry Summers by any chance??

Mon, 03/31/2014 - 11:33 | 4610708 Wile-E-Coyote
Wile-E-Coyote's picture

Do you think these guys kind a pushed it a little too far? It's like pulling out a ten foot dick; questions will be asked.

Mon, 03/31/2014 - 12:33 | 4610924 JPM Hater001
JPM Hater001's picture

I like your question-who could have been that stupid?  Perhaps someone who thought it was already a done deal?  Someone who thought it might go "unnoticed?"


Mon, 03/31/2014 - 11:22 | 4610636 Deathrips
Deathrips's picture

So whens the false flag to cover the fraud...that these bonds were going to short term paper over? With some leverage, a couple of trillion should have kept the doors open for a couple months. Notice how they were "released"?


Will they have a trillions missing speech first, like that lizard D Rumsfeld gave Sept 10,2001?



Mon, 03/31/2014 - 11:28 | 4610707 Thought Processor
Thought Processor's picture



It is rumored that these bonds / transactions are somehow related to what is called "The Black Eagle Fund".   An incredible tale that connects a lot of dots.


Read more here:


Mon, 03/31/2014 - 12:13 | 4610857 philbert
philbert's picture

I've followed this story too. It's absoutely incredible, and almost unbelievable, but actually really makes a lot of sense and explains a lot about why the world is the way it is today.

I don't know if Neil Keenan is a lunatic, a con man, or legit, but if it's true it's a better story than any book you'll ever read. 

Checkout here for the "beginning" of the story:


Mon, 03/31/2014 - 12:27 | 4610898 Herd Redirectio...
Herd Redirection Committee's picture

Uh huh... And there's also the Intergalactic Council looking out for us, and Yamashita's gold at the end of the rainbow...

Tue, 04/01/2014 - 12:38 | 4614033 Liberty2012
Liberty2012's picture

That lawsuit is very interesting reading and certainly "fits" as to why things don't seem to work in the way one would expect them to. It shows the interplay between corruption and rules - influence peddling - among other things. Might be worth a second reading ;). Leaves out a lot too, so plenty of room to build stories.

Mon, 03/31/2014 - 11:16 | 4610640 whatsinaname
whatsinaname's picture

Why are they being arrested ? Is there a difference between fake Euro bonds and real Euro bonds ?

Mon, 03/31/2014 - 11:20 | 4610661 Four chan
Four chan's picture

not one damn bit of difference.

Mon, 03/31/2014 - 11:39 | 4610745 Manthong
Manthong's picture

Except that there are likely trillions in official fake Euro bonds sitting as reserves on the Fed's (dark) books.

Tue, 04/01/2014 - 00:23 | 4612967 StillSilence
StillSilence's picture

Whole thing feels fishy to me, like the story is laying some foundation for a "successful" bond fraud scheme that becomes the fake cause for a meltdown.

Mon, 03/31/2014 - 11:36 | 4610738 BFG
BFG's picture

Fake euro bonds are probably not recognized by the ECB since the bond numbers don't add up.

Printing up currency is all fine and dandy if the central banks and reserves do it but if anyone else takes a crack at it they better believe they're going to get thrown behind bars, or get hired to pull this stuff legally ofcourse.

Mon, 03/31/2014 - 12:36 | 4610931 Four chan
Four chan's picture

"catch me if you can"

Mon, 03/31/2014 - 11:17 | 4610646 Mr Pink
Mr Pink's picture

They wanted to deposit zillions but decided they shouldn't draw attention to themselves

Mon, 03/31/2014 - 11:20 | 4610658 Ignatius
Ignatius's picture

I see I'm not the only one having trouble getting this story passed the smell test.

Mon, 03/31/2014 - 11:26 | 4610695 Skateboarder
Skateboarder's picture

Yeah, like two lone daredevils are gonna get away with 4 trirrion of bond fraud. It took Obie and Benny almost an entire term to get those kinds of results.

Mon, 03/31/2014 - 11:30 | 4610713 TruthInSunshine
TruthInSunshine's picture

"The € quadrillion denominated bearer bonds would have drawn too much scrutiny, they feared."

Mon, 03/31/2014 - 11:21 | 4610668 Buckaroo Banzai
Buckaroo Banzai's picture

As they say in Italy, STUGOTS!!

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