WHAT?!!! Today’s millionaires aren’t feeling very wealthy!

Howdy fellow Dinarians,

Well the hack gurus were wrong again with their “intel” and about the RV happening – I hope none of my regular readers have been loosing sleep waiting for that elusive Iraqi Dinar to finally revalue!  

Today I happened across this interesting article about perception of wealth, and hopefully someday “soon” all of us who own IQD will finally get our chance to call ourselves “wealthy”.  

Maybe this article will help you to become just a little more educated as to wealth, and the perception of being wealthy!  

~ Mr. IQD 

NOTE:  This article is excerpted from money.msn.com 

What constitutes wealth in the U.S. these days? It depends on the context.

If you’re talking about wealth in relation to the minimum wage, billionaire Charles Koch assures America that the path to riches requires a mere $34,000 a year. If we’re discussing wealth in the Western, above-the-paupers sense, then even $4 million doesn’t seem to cut it.

The UBS (UBS -0.57%) Investor Watch asked 4,450 investors whether they consider themselves wealthy.According to CNBC, 60% of those worth $5 million or more said they are indeed wealthy, while only 28% of those worth between $1 million and $5 million said the same.

But what are these folks thinking when they hear the word Continue reading

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RUDY IS NOW CONVICTED!!! “Fake Hedge Funds” REMEMBER RUDY COHEN AND BH GROUP???

REMEMBER THEIR ‘HEDGE FUNDS’ FOR DINARIANS???

WELL, WE WARNED THE DINAR COMMUNITY NEARLY A YEAR AGO ABOUT THEM, AND WE SAID THEN THAT WE DIDN’T BELIEVE THEIR ‘HEDGE FUNDS’ WERE LEGIT….

WE WERE RIGHT!!!!

SO, TO ALL THOSE WHO “BASH” MR. IQD FOR BEING TOO HARSH ON THE GURUS – TOO BAD YOU DIDN’T LISTEN!!!

WE WERE CORRECT!!!! THE HEDGE FUNDS WERE BOGUS!!! PEOPLE GOT RIPPED OFF – AND WE TRIED OUR BEST TO WARN YOU!!!

~ Mr. IQD

P.S.  After the Article below about Rudy’s Conviction – I post related links to my earlier warnings, including the first article posted May 2, 2012!


LINK :: TEXT OF ARTICLE:
————————————
By Dana Treen

CONVICTED!!! Rudy Coenen – ripped off Dinarians!

A Jacksonville man pleaded guilty Thursday in an Ohio federal court to a scheme to defraud investors in the sale of Iraqi dinar currency and two non-existent hedge funds, authorities said.

Rudolph M. Coenen, 47, pleaded to one count of conspiracy to commit wire fraud, one count of wire fraud and five counts of Continue reading

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 Continue reading

FYI — Ideas For Post-RV Investing – Alternatives To The Hack Gurus!

Happy Friday (TGIF) our Dinarian Friends,

Okay for a long time we have praised the Mutual Funds for being really good alternatives for Investors to consider after the IQD finally revalues to a much higher value that it is currently at today.  Oh, and it didn’t RV last night or Sept 1st as so many of those pesky Hack Gurus keep running their chops about….  But, you are smart, and you already knew that!  🙂

Well anyways, members of our Mr. IQD group are fans of The Ric Edeleman Radio Program, we have even provided some previous posts linking to his website. 

Well, recently he has been really exposing on his radio program the recent reports that have come out about the top leading Mutual Fund Companies for their lack of performance and also for their very high cost and fees to Continue reading

Beware of These Top 10 Investment Scams (Updated List for 2011/2012)!!!

HAT TIP: Ric Edelman (Education / Investing Your Money)


Beware of These Top 10 Investment Scams – Follow your nose. If an offer smells fishy, it’s probably bad.  Updated December 2011

Recent worries about the economy, coupled with poor investment performance, have caused some consumers to swear off traditional, well-known investments in favor of others that offer promises of higher returns and lower risks. But be careful: Many of those investment offers are actually frauds, and you’ll lose all the money you spend on them.

To help you avoid getting ripped off, the North American Securities Administrators Association offers the following “Top 10” list of investment scams. If you’ve invested in any of these, talk with us or your state securities regulator right away.

Products
1. Distressed real estate schemes. Investment pools targeting distressed property are increasingly popular with con artists. Do your homework before investing in properties that are bank-owned, in foreclosure, pending short sales or otherwise in distress. Just like other securities, real estate ventures must be registered with state securities regulators. [Breitling had ought to relate to this scam – right??? LOL!!!  Did you see our two posts on this? LINKS:  POST 1  and  POST 2  ]

2. Energy investments. Swindlers tout the mystique of untapped oil and gas reserves and bountiful production. Even genuine oil and gas investments bear a high degree of risk. Understand that you could lose your total investment, even in legitimate ventures. Energy investments tend to be poor alternatives if you are seeking income in retirement.

3. Gold and precious metals. Higher prices and the promise of an ever-appreciating “tangible” asset have lured the unsuspecting into a variety of scams. Many recent ones are variations on old themes — like a promoter seeking capital for extraction equipment to reopen a long-dormant mine in exchange for a full refund plus interest and a stake in the mine. In another case, operators claimed to have special coins or nuggets they would store or trade for investors in special markets for high profits and returns.

4. Promissory notes. Unregistered or fraudulent promissory notes give a false sense of security with promises or guarantees of fixed interest rates and safety of principal. However, even legitimate notes carry risk. Most promissory notes and their sellers must be registered with state securities regulators. Such notes often are covers for Ponzi schemes and other scams. Check with your state regulator.

5. Securitized life-settlement contracts. Legitimate life-settlement contracts involve a high degree of risk; investors may be responsible for routinely paying costly premiums for people who outlive their life expectancies. Now crooks are embracing new schemes to deceive even cautious investors into believing that contracts with added securities such as bonds are safe. Many have left victims holding worthless paper. Practices

6. Affinity fraud. Marketing a scheme to members of a particular group continues to be lucrative for Ponzi scheme operators and other fraudsters. The elderly or retired and religious and ethnic groups are common targets because scammers rely on trust. Examples: A member of a large Amish community recently bilked his brethren of millions of dollars in an investment scam. And a trusted officer of a Croatian credit union was accused of stealing members’ deposits over several years.

7. Bogus or exaggerated credentials. These are used to imply special expertise or training in advising senior citizens on financial matters. Despite laws in 29 states to curb the practice, there is an increase in the use of bogus credentials or designations such as nonexistent law degrees or CPA certificates and expired or nonexistent CRD numbers. Always press for full disclosure and the meaning behind all designations, and check to confirm with your state regulator.

8. Mirror trading. This scheme is promoted as an automated trading platform that ensures you will participate in real-time transactions placed or executed by a skilled and knowledgeable third party. Supposedly, whenever that party executes a trade, the same trade is mechanically placed in your account. Be cautious. Continue to objectively evaluate all new investment platforms.

9. Private placements. A federal rule that provides filing exemption for private placement offerings has been used by unscrupulous promoters. This year U.S. and Canadian authorities convicted three people of criminal fraud related to the sale of $33 million in oil and gas private placement offerings. The defendants claimed the securities were exempt from registration under Rule 506. They organized their company in the Bahamas, sold the securities from a boiler room in Ontario, and told investors the company was located in Kentucky.

10. Advice from unlicensed agents. Complaints are on the rise about unlicensed salesmen, such as insurance agents, who give investment advice or make securities transactions. Recommendations often turn out to be unsuitable or put investors in underperforming products or those with hidden fees or long lockup periods. Insist that anyone giving you advice produce a proper license. [Brad Huebner / BH Group should be able to “relate” to this one, did you see our post about him pushing that crappy LDHL Penny Stock scheme?  LINK ]


DO YOU KNOW OF A SCAM GOING AROUND THAT NEEDS TO BE EXPOSED, LET US KNOW ABOUT IT USING OUR ANONYMOUS FORM:

Special Report Focusing on Investment Fraud – How To Avoid Being Scammed!!!

HAT TIP:  Ric Edelman Financial (Investing Special Reports Section)


Howdy Dinarian Friends,

We were listening to the Ric Edelman Radio show this weekend (August 4th edition) and heard him mention his special reports on avoiding how to be scammed, as well as other resources!

We wanted to share this with you if you have not heard about Ric Edelman.  Disclaimer, no, none of us currently have anything invested with Ric or his Company of Financial Advisors, nor do we earn any kind of referral commissions.  You are more than welcome to Google Ric Edelman directly.  

We are just bringing this up and to your attention so we can help you see the light and avoid the Hack Gurus and Con men that are running around in our Dinarian Community like un-checked RATS!!!

Here is the brief on the one report that caught our attention:


Ric’s Special Report Focusing on Investment Fraud

According to a 2006 study by the Securities and Exchange Commission, educated people are more likely to become victims of investment fraud than anyone else. Don’t assume you’re too smart to be scammed. Keep your guard up at all times — and make sure those around you do the same.

Featured in This Report:

  • Don’t Become a Fraud Victim
  • Don’t Fall for a Pump-and-Dump Scheme
  • Are You Too Smart to Get Scammed?
  • Tips for Spotting Early Retirement Scams

IMPORTANT NOTE:  We would like to just mention that Ric probably has no opinion or a negative opinion about the Iraqi Dinar – especially as it is a currency exchange and NOT an “investment” – so, we advise that you focus on learning about avoiding scams, and don’t bother him or his staff with IQD/Dinar related questions.

~ Mr. IQD


DO YOU KNOW OF A SCAM GOING AROUND THAT NEEDS TO BE EXPOSED, LET US KNOW ABOUT IT USING OUR ANONYMOUS FORM:

The Top 10 Investing SCAMS – What to watch out for!!!

HAT TIP:  Ric Edelman Financial (Education / Financial Basics)


Hello Dinarian Friends,

Well, we certainly have been busy digging up articles to help teach you how to better protect yourself and your family from having this RV blessing scammed away from you by some Hack Guru or other Con Artist that have been poaching from our community!

We wanted to share this with you if you have not heard about Ric Edelman.  Disclaimer, no, none of us currently have anything invested with Ric or his Company of Financial Advisors, nor do we earn any kind of referral commissions.  You are more than welcome to Google Ric Edelman directly. 


Top 10 Scams of 2009

Despite efforts to curb fraud and consumer rip-offs, con artists continue to demonstrate their ingenuity. In 2009, swindlers took advantage of the economy’s problems (including unemployment, government stimulus spending and the housing crisis) and headlines about swine flu to lure victims, according to the Better Business Bureau.

Here are the most common scams, according to the BBB’s list (in random order):

1. Stimulus/Government Grant Scams (very popular now!).
Even before President Obama announced the stimulus plan in February 2009, scammers had set up schemes for misleading consumers and small business owners into thinking they could get free government handouts. Offers for worthless advice on how to get government grants bombarded consumers online, over the phone, and via mail and email.

2. Robocalls.
Owning a cell phone or joining the Do Not Call Registry did not help thousands of people who received harassing automated telemarketing calls anyway. Automated messages often falsely claim that your auto warranty is about to expire or offer bogus help in reducing credit card interest rates. Such “robocalls” violate federal telemarketing laws, prompting the Federal Trade Commission to increase restrictions in 2009.

3. Lottery/Sweepstakes Scam.
The victim receives a Continue reading