02.04.2013 Views

Tuesday, February 7, 2012 Text Size • Home • Sitemap • Start Here ...

Tuesday, February 7, 2012 Text Size • Home • Sitemap • Start Here ...

Tuesday, February 7, 2012 Text Size • Home • Sitemap • Start Here ...

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

LET'S READ THE ARTICLE FOR OURSELVES<br />

http://www.bloomberg.com/news/<strong>2012</strong>-01-18/no-one-knows-truth-about-300b-bonds-fromalleged-plane-crash.html<br />

Chris Estrella, a Filipino social worker, says he led a troop of five porters out of a Mindanao<br />

jungle in January 2000 with a weather-beaten iron and leather box crammed with $25 billion of<br />

U.S. government bearer bonds.<br />

“The elders of the Umayamnon tribe told me an American plane crashed in their river in the<br />

1930s,” Estrella, 47, says by mobile phone from a footpath between the tribal village and Davao,<br />

the largest city on the Philippine island. “The river dried up in the 1990s, and the natives went<br />

into the plane and found 12 boxes that contained $300 billion in bonds.”<br />

Each box, emblazoned with the Great Seal of the United States and the words “Federal Reserved<br />

Bond,” held five gold coins struck with a portrait of George Washington on one side, Estrella<br />

says.<br />

They rested atop stacks of certificates purporting to have been issued by the Federal Reserve<br />

Bank of Atlanta in 1934 and redeemable in gold bullion. The notes bore the signature of then<br />

Treasury Secretary Henry Morgenthau Jr....<br />

Ponte Chiasso<br />

It wasn’t the first time a cache of bogus U.S. bonds emerged from the Philippines.<br />

“We were matching wits with the underworld on an op in southern Italy when the call came in,”<br />

says U.S. Secret Service Special Agent Robert Gombar, head of the agency’s Rome office.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!