BREAKING!!! BH Group (Brad Huebner) Bayshore Capital (Rudy Coehen) – INDICTED by a FEDERAL GRAND JURY for FRAUD Schemes!!!

HAT TIP:  ABC NEWS


UPDATE (SEPT 27, 2012):  We wanted to make sure you also see our WARNING posts on LDHL being a “pump and dump” scheme elevated by the BH Group and also Breitling!

UPDATE (Sept 25): More of your comments added below.  ;-)

UPDATE (Sept 24): More of your comments added below.  ;-)

UPDATE (Sept 21): More of your comments added below.  ;-)

UPDATE: Some of your comments now posted at bottom.  ;-)


Happy Days of JUSTICE for our Dinarian Community!!!

Folks we have been posting countless warnings since as early as May 2nd, to you the Dinarian Community about Brad Huebner (BH Group) as well as Rudy Coehen (Bayshore Capital) the original post we made warned the community about them being investigated by the FBI for Fraud (post).

Brad Huebner, Rudy Coenen

BUSTED!!! AWE AIN’T THEIR MUG SHOTS JUST PRETTY!!! credit: ABC News

We hope you as one of our loyal readers was able to warn as many of your friends and associates in the Dinarian Community so they were not one of the thousands ripped off by these scum bags!!!  They STOLE over $23 MILLION from our brothers and sisters in our community!!!

Please keep sharing the word about how to avoid SCAMS and Cons.  We have posted many articles on our MrIQD.com website that help give your friends tools of what to watch out for.

Have a GREAT Day knowing that Lady Justice has served us well today!  :-)

~ Mr. IQD

P.S. We have been advised by our Attorney that we should be 100% clear that we state that these men are presumed innocent until proven guilty by a court of law. 


Posted: Sep 20, 2012 7:20 AM PDT Updated: Sep 20, 2012 7:20 AM PDT

A federal grand jury returned an 83-count indictment charging three men from the Toledo area and a Florida man for their roles in the operation of a $24 million fraud scheme involving the sale of Iraqi dinar currency and two non-existent hedge funds, said Steven M. Dettelbach, United States Attorney for the Northern District of Ohio, and Darryl Williams, Special Agent in Charge, IRS-Criminal Investigation, Cincinnati field office.

Those charged are: Bradford L. Huebner, 65, of Ottawa Hills, Ohio; Rudolph M. Coenen, age 47, of Jacksonville, Florida; Charles N. Emmenecker, 65, of Sylvania, Ohio, and Michael L. Teadt, 66, of Maumee, Ohio.

The men are charged with conspiracy to commit wire fraud and wire fraud. Coenen and Huebner are also charged with multiple counts of money laundering. Additionally, Huebner is  charged with multiple counts of structuring and willful failure to file currency and transaction reports.

As a result of the defendants’ conduct, investors lost nearly $23.8 million from dinar sales and more than $700,000 from the sale of non-existent hedge fund “seats” and “placements,” according to the indictment.

“These defendants made false statements time and again to convince people to part with their savings and hard-earned cash,” Dettelbach said. “The fact that one defendant falsely claimed he was wounded while fighting in Iraq is particularly egregious.”

The indictment charges that beginning about August 2010, Huebner, Coenen, Emmenecker and Teadt conspired to operate “BH Group” in Toledo and “Bayshore Capital Investments” in Jacksonville in order to defraud investors through investments in the Iraqi dinar currency and two non-existent hedge funds.


DID YOU GET TAKEN OR KNOW SOMEONE WHO WAS TAKEN BY THESE SCUM?  PLEASE TELL US (ANONYMOUSLY) AND WE WILL SHARE THE BEST STORIES!


SOME OF YOUR COMMENTS ABOUT THIS ARTICLE:

Anonymous Name / Handle:: coffeeking
Comment: I really wasn’t worried about the $700 I gave that worthless turd Rudy, its my information that piece of scum had from the application form that concerned me.

 

Name/Handle (not required):
Tell Us How BH or Rudy Ripped You Off: Just read today they were indicted.  They will be going to prison for a long time.

 

Anonymous Name / Handle:: AFreeMan
Comment: Are you kidding me? So now, I guess they’ll have to go after Chase Bank, Fifth-Third Bank, Bank of America and dozens of other national banks that were selling Iraqi dinars until only recently, amongst many other visible sources. Did they forget that the Iraqi dinar is a real national currency that is presently being used as money in Iraq and can be traded on the Forex market? Iraq has the fastest growing economy in the world (http://www.aneki.com/fastest_growing_economies.html), so why wouldn’t their currency revalue?

[ Thanks “AFreeMan” for your comments – however the point you missed in your comment is BH Group is in trouble for their unlawful schemes like the fake Hedge Fund!  You are correct the Iraqi Dinar is 100% legal.

~ Mr. IQD ]

 

Anonymous Name / Handle:: A member of the BHGroup
Comment: He claims to be a Christian. If he indeed mislead people, I hope he BURNS IN HELL!!!

 

Anonymous Name / Handle:: Ninja
Comment: I wonder who’s next?  These fellas will talk.  Trust me I know talkers and these faces will talk.  Any guesses?  LOL

[ We are really hoping that the Feds have been looking at Blaino and Breitling as well as Beth Ogle (a.k.a. Okie Oil Man, Bulldog75, Bondlady – read our post) and her tight relationship with Ali from Dinar Trade… Time will tell, but we are really glad we are NOT wearing their shoes!!! ~ Mr. IQD  :-)  ]

 

Name/Handle (not required): Jim
Email (not required): [removed]@gmail.com
Tell Us How BH or Rudy Ripped You Off: I want to say I’m saddened by the events that have transpired.  While I can neither defend nor condemn Brad and Charlie, since I don’t know enough, I would like to say a word in support of them.  I have been a regular listener to their weekly updates for about a year.  My personal opinion is they came across as sincerely wanting to help people.  I did purchase a “seat” in Rudy’s future hedge fund, knowing I may well lose the purchase price.  That is always the risk in investments.  My opinion is Brad saw an opportunity to help others and himself, which is what business is all about, when he first joined with Rudy.  When it became apparent Rudy may not be on the up-and-up, Brad disassociated himself from Rudy.  While I do have a lot of questions about Rudy, I hope and pray Brad and Charlie come through this exhonerated rather than condemned.  I don’t have the investigative skills your group appears to have, nor all the information that you may have, but I do hope your accusations (in spite of your “disclaimer”) are proven unfounded in the end.

[  Jim, if you read the Indictment, you will learn a lot about their illegal dealings - including (and most importantly) they were NOT PROPERLY LICENSED to sell securities! Don't feel "sorry" for con artists - that is one of the common "tells" of a good con artist, they get you "emotionally trusting" of them!!!  ~ Mr. IQD  ]

 


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2 thoughts on “BREAKING!!! BH Group (Brad Huebner) Bayshore Capital (Rudy Coehen) – INDICTED by a FEDERAL GRAND JURY for FRAUD Schemes!!!

  1. I just wanted to congratulate you on the fine work you’ve done, especially on the BH Group. Hopefully we’ll see a few more indictments.

    Thanks you are doing AWESOME work on your site also! Together we are finally making progress against these scum bag con artists!!! YEA!!! :-)

    ~ Mr. IQD

    Like

  2. We received this Private Message and wanted to include everyone on this good question:

    Anonymous Name / Handle:: Big Swifty
    Comment: So, I actually purchased my dinar through the BH Group. I have the currency in hand, and I’ve been assured that it’s authentic. Is there any way that I’ll be shut out if/when the RV happens?

    ANSWER: You can verify your IQD easily and quickly with using a black light which will illuminate the hidden characters images in the currency. We have seen little black light dollar bill verifiers at the local Office Depot, Staples or Office MAX. There is one unit that includes a pen on one end that swipes across American USD to verify, and this was about $10.

    Also, if you go to The IQD Team’s website (below link) they have an excellent section on how to verify your IQD and also how to select and screen for Reputable Dinar Brokers.

    LINK: http://www.theiqdteam.com/dinar-dealer–exchange-info.html

    We hope that help you and also helps to put your mind to ease. :-)

    Like

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