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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: IngotWeTrust who wrote (63498)	2/15/2001 3:40:08 PM
From: long-gone	Read Replies (2) of 116770

When fake paper abounds real money(gold) will have more value? Wednesday February 14 11:07 PM ET Canadian Cops Nab Fraud Suspects TORONTO (AP) - Two men who allegedly tried to use bogus U.S. Treasury bonds to secure billions of dollars worth of bank credit have been arrested, Canadian and U.S. authorities said Wednesday. Tim Koerner of the U.S. Secret Service described the chances of the fake bonds making it to the U.S. Treasury for redemption as remote. ``The U.S. Treasury was never at risk of losing that money,'' said Koerner, special agent in charge of the Secret Service field office in Buffalo, N.Y. Two suspects were arrested Monday after trying to reclaim the fake bonds from a safety deposit box. Michael Johnson (news - web sites), 37, of Toronto and 67-year-old Sung Taek Park of Japan appeared in court Wednesday. Park was ordered held but Johnson was released on $16,700 bail. Police say the bearer bonds first surfaced at a Toronto bank last week when two men tried to use them as collateral to obtain a letter of credit for $25 billion U.S. The documents, which Koerner described as obvious fakes, were purportedly issued by the U.S. Treasury in 1934. Koerner pointed out obvious problems with the fake bonds, such as a zip code. The bonds have a treasury office address complete with the postal tracking code, introduced decades after 1934. dailynews.yahoo.com

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