The case of the smuggled $134 billion Treasury bonds?
Consider it closed.
Authorities said they found 249 certificates worth $500 million each and 10 bonds worth more than $1 billion each, as well as other alleged original banking statements.
Stephen Meyerhardt, a spokesman for Treasury's Bureau of Public Debt, said Thursday the paper is phony.
"Based on the photos we've seen on the Web, they're not even close to looking like a Treasury security," he said.
Thankfully, we can be sure that a mere declaration of forgery by a Treasury spokesperson will do nothing to stop the universe of mystery bond conspiracy theories from expanding endlessly. I give it a week before both the 9/11 truthers and the Obama birthers get involved.
UPDATE: The most detailed story yet comes from the Financial Times. The Italian Mafia are now considered possibly involved.
Excellent.
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