HAT TIP: DinarVets
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!
We held re-posting this over the weekend, as we know most of you have family and fun to worry about on the weekend.
So, we saved it for your Monday Afternoon “reading”. 🙂
~ Mr. IQD
“An Ottawa Hills man charged with conspiracy and wire fraud over his Toledo business’ alleged duping of investors in the sale of Iraqi currency was ordered released today from jail, but with tighter restrictions than two employees also charged in the case.
Bradford L. Huebner, 65, of 2936 Pembroke Rd., Ottawa Hills, is charged with conspiracy to commit wire fraud, wire fraud, and multiple counts of money laundering.
An 83-count indictment naming Mr. Huebner, who is chairman of another site, 17 N. St. Clair St., which specialized in the sale of Iraqi currency; Charles Emmenecker, 65, and Michael Teadt, 66, was unsealed Thursday after the three men were arrested. Later that day, all three men pleaded not guilty during their arraignments in U.S. District Court in Toledo.
Mr. Emmenecker and Mr. Teadt were both released from jail Thursday after posting $250,000 unsecured bonds. But federal prosecutors asked in a detention hearing today that Mr. Huebner be held without bail, arguing that he couldn’t be trusted to return to court and was a flight risk because he may own properties in other countries, frequently traveled abroad in recent years, and may have held residency in at least two other states.
Judge Jack Zouhary allowed Mr. Huebner to be released, but ordered his bond be $500,000 unsecured. He noted that Mr. Huebner has known he was under investigation since at least last year, when Internal Revenue Service agents raided his business and home, yet he has not fled prosecution.
Mr. Huebner will also be placed on electronic home monitoring, and will only be allowed to go between his home and his office on North St. Clair Street.”