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To: jtech who wrote (60497)	11/3/2000 8:46:58 PM
From: Daveyk	Respond to of 116779

An article of interest. siliconinvestor.com

To: jtech who wrote (60497)	11/4/2000 9:03:42 AM
From: Alex	Read Replies (1) \| Respond to of 116779

The last sentence of this article makes it worth posting........ 11/03/00 - Utah Man Charged With Fake Bonds NEWARK, N.J., Nov 03, 2000 (AP Online via COMTEX) -- Federal authorities on Friday charged a Utah auto mechanic with trying to cash a bogus $100 million Federal Reserve bearer bond allegedly issued in 1934. Kevin S. Jackson, 49, of Hyde Park, Utah, was arrested June 22 and is free on $10,000 bond pending arraignment on two counts of mail fraud and one each of conspiracy and transporting a counterfeit security across state lines. Each count carries a prison term of up to five years and a $250,000 fine. In court papers filed after his arrest, Jackson claimed he got the bond through an intermediary of an unnamed Philippine general. Jackson claimed that notes with values up to $100 million were produced before World War II and were issued to European nations to help their economies. He further claimed that some of the bonds fell into the hands of the Japanese during the war and eventually ended up with Ferdinand Marcos, the dead former president of the Philippines. The court documents, filed by Jackson's public defender K. Anthony Thomas, claim Philippine generals got hold of the bonds after the dictator's death. Prosecutors said the Federal Reserve never issued any note in a denomination greater than $1 million. The nation's central bank could not immediately verify that claim Friday evening, said spokesman Dave Skidmore. Jackson could not be reached for comment at his home or workplace, the Mechanic Shop in Smithfield, Utah. Messages left at both locations were not immediately returned Friday. Thomas said he had not yet seen the indictment and declined to comment. Assistant U.S. Attorney Patrick L. Rocco, who is prosecuting the case, said he could not comment on whether others would be charged, but said the investigation is continuing. The case came to light when banking officials became suspicious after Jackson tried to deposit the bonds in several financial establishments and to have funds transferred elsewhere or to take cash. In court papers seeking to dismiss the complaint, Jackson's lawyer argued that the government denies the notes exist because, "If these notes were redeemed, the American economy would devastatingly suffer." --- On the Net: U.S. Attorney's Office in Newark: njusao.org By JEFFREY GOLD Associated Press Writer Copyright 2000 Associated Press, All rights reserved