Italian Police Seize $1.5 Billion U.S. Securities From Ma
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Italy’s financial police seized U.S. government securities with a nominal value of $1.5 billion from an unidentified man in his 70s, they said in an e-mailed statement.
The police said they also took certificates of deposit for about 1,000 tons of gold, which together with the U.S. bonds are worth more than 3 billion euros ($4 billion). The assets were found in a briefcase in the man’s car in Viterbo near Rome because of their “doubtful origin,” according to the statement.