I am told the bonds are actually real but not redeemable.
What does that even mean? How would real US government securities not be redeemable? I see this distinction between the use of the word "fake" and the word "worthless" like there is some distinction.
There is none. It is a distinction WITHOUT a difference. They are not redeemable because they are fake. Is there any other reasonable explanation?
Further, if the US government is not redeeming the bonds, nor paying interest, nor a finders fee for repatriation why has Riad not sued the government for redemption, interest or a finders fee???
Because "worthless" = "fake".
And he knows it.
This was simply a ham handed attempt to monatize the "bonds" through a penny stock scam.