February 2012, ING agrees to sit down with PFNO and look at the bonds: February PR
Two months later, ING gives some sort of credibility to the bonds: April PR
If ING thought for one second they were totally false, why even deal with PFNO for so many years?
Ooop! Now all of a sudden another company and more lawyers are on board helping PFNO with the bonds ING doesn’t want to pay. Sounds like there’s something here.
So: PFNO believes it has real bonds, check. ING sits down to address the bonds because they could be real, check A third-party comes on board to push ING to settle because they believe the bonds are real, check. ING just gets hit with millions in fines for running a bad business, check.