£1,400bn counterfeit scam foiled in Philippines

Philippines police and US officials have seized $2 trillion in counterfeit US Federal Reserve bonds.

£1,400bn counterfeit scam foiled in Philippines
Tue, 20 Feb, 2001 - 07:06

Philippines police and US officials have seized $2 trillion in counterfeit US Federal Reserve bonds.

Police Superintendent Nestor Gualberto said his officers and staff from the US Embassy arrested a Filipino man with the £1,400bn falsified US bonds along with German and Argentine bonds.

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CourtsPlace: PhilippinesPlace: Cagayan de OroPlace: ManilaPlace: MindanaoPerson: Nestor GualbertoPerson: GualbertoOrganisation: USOrganisation: ReserveOrganisation: US Federal ReserveOrganisation: US EmbassyOrganisation: Secret service
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