OMG! You will love this website “Ponzi Scam Tracker”!!!

Happy Wednesday Dinarians,

Sorry, no Hack Guru ‘bashing’ for today.

BS-Scam-200x200However, a good friend of Mr. IQD sent me this REALLY AWESOME website that tracks current Ponzi Schemes & SCAMS and even will publish court docs and filings.

It is really amazing to see how some of these con artists develop schemes to steal $Millions of dollars from friends, family, co-workers and other unsuspecting victims!

Here is one of my favorite new cases on their website I just was reading:

TITLE:Former Bank of America Banker Sentenced to Prison For $2.1 Million Ponzi Scheme

MY FAV. QUOTE: After gaining the trust of family and friends, she began pitching investments that she represented were reserved only for corporate and high-level clients due to their Continue reading

TNT News – Direct from Ripoff Reports – Tony Runs MLM “Scam”!!!

Tony-TNT-RenfrowOkay, share this “TNT News” about your favorite Hack Guru, Tony Renfrow…

Seriously, after reading this below (and there are plenty more on their website) do you really think you need to “donate” or “give” your money or IQD to TNT???

Direct from Ripoff Reports……..

SCAM! SCAM! SCAM! Things were GREAT the first month. They were paying me, on time, perfect… now that I have recruited 4 individuals for services and 1 person as an affiliate they won’t pay Continue reading

Outspoken LDLH Supporter Indicted For Fraud!!! Investment Community WARNINGS about LDHL!

HAT TIPS:  Finance.Yahoo.com  |  Seeking Alpha – Post 1 & Post 2


UPDATE (Sept 27, 2012): So, it looks like Patriot and his side-kick Proteus (a.k.a. Hack Gurus) were reading Mr. IQD’s website yesterday!!!

We must have given them the idea (and direct links to Seeking Alpha) that they STOLE WITHOUT GIVING CREDIT and blabbed about it on their crap Conference Call last night.

Thanks to one of our keen-eared Readers who tipped us off to this website they talked about last night: http://proteusprime.me/ – We don’t encourage you to go there, but if you do, you’ll also see one reprehensible possible violation of Copyright Law and possibly Plagiarism – they PDF’d the ENTIRE Seeking Alpha articles, and didn’t bother to provide links or credits!!!  We’re sure they’ll get a Letter about that.  This further makes the case for what slime-balls they are lacking even decent character!


We wanted to see how the Indictment of the BH Group was affecting the penny stock they were pushing (and we warned you about).

Well, no surprise to us there are some really good “warning” articles that were posted recently by Seeking Alpha.  We will give you a quick excerpt for each article of the two articles, and the link to go read their entire article if you want.

We want to be sure to thank The GEO Investing Team (Seeking Alpha Contributors) for their two articles – be sure to continue the link, they have lots of great investigative info and photos of documents on their site!

Also, if you want to see daily how LDHL is performing, you can go to Yahoo! Finance to track it – here is the direct link to save you the time of finding it.  🙂

~ Mr. IQD


LD Holdings (LDHL) Draws More Scrutiny As A Company Promoter Gets Indicted By Grand Jury

On September 21, we published our initial short thesis on Ld Holdings (LDHL.PK) on Seeking Alpha – Don’t Get Dunked In The Ld Holdings Pool Of Hype. If investors still choose to hold a long bias view after reading even more evidence presented in this follow-up, it is certainly their prerogative. But they have been warned. Our most striking finding will show that LDHL seems to be in bed with who we consider to be a less than angelic individual accused of running a $23 million investment fraud scheme. This should almost ensure that LDHL is heading back to near sub- Continue reading

NEWS!!! Ohio indicts Jacksonville man (Rudy Coenen) in Iraqi dinar fraud scheme!!! Mug Shot Photo Included!!!

HAT TIP:  The Florida Times Union – Jacksonville – Dana Treen


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): Your comments added below.  😉


We also held this news back over the weekend so you would be sure to see it today.

Don’t you like his “eyes” they look so “sad” (after being Indicted for helping to steal over $24 Million from Dinarians) in his Mug Shot (below)!!!  Buck-up little man!!!

~ 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.


By Dana Treen

A Jacksonville man with a super-hyped resume and three partners promising riches in the rebirth of Iraq’s economy were indicted Thursday on charges of Continue reading

NEWS!!! $500,000 Bond and an Ankle Bracelet for BH Group's Brad Huebner!!!

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. 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:

FRAUD – Nevada Wells Fargo "IQD Cash-In" Tragic Story!!!

Hey Friends,

We just got this in to our Mail Bag today, and added it to our list of stories, but it is just so tragic and worth sharing to warn your friends and family to NOT fall for the Reno, Nevada Wells Fargo “IQD Cash-In” Scheme!!!

Here is the story we just received from a reader:

Name (handle): IQD Common Sense
Your Story About Being Conned…: My story is of a third party individual watching my father’s greed actually drive him to Reno, NV even after i called Wells Fargo Advisors and the other company that operates under the Wells Fargo name in Nevada.

First, I come from banking itself having worked at Wells Fargo for sometime a few years back. I pleaded he not give his IQD to a complete stranger i could not verify nor any old friends verify. So, lets just say he went and spent his money to drive down to met other individuals to collect and accumulate millions supposedly a billion IQD. I shook my head and told him Ill just hold onto my [XXX]USD in IQD. I have always been very cautious about this RV but knowing about banks and their ability to manipulate reserves or foreign currency in their vaults as a reserve… Long story short taking the dinar say 1mm and putting it in an envelope and after the RV finding the envelope that says 1mm yet in a RV or redonimation which is happening the 1mm becomes worthless or the CBI notes become worth 000 less unless the bank manipulates the value by saying they actually have the new IQD and banks now can just destroy the money after swift is used to electronically collect… I think personally its a huge bank scam or pumper scam, but i have [XXX]USD to make something if it really does pan out. we shall see.

Anyways, back to my original point. He keeps hearing that they are next in line and the GROUP before them cashed out at 12 bucks. too good to be true. I still have my money and he doesnt have his.

I think they do this in Nevada because of the gaming laws. THE IQD is not a recognized currency so it can be more or less a play money and I believe the scammers are using Nevada to shield them from prosecution. I would love to see what people sign when they hand them their IQD. probably says in fine print somewhere this is a game and is covered by Nevada’s gaming laws…  [END]

 

Please Dinarian Friends, Don’t Let A Tragedy Like This Happen To You!  Remember, when the RV finally happens, it will be an AMAZING BLESSING…… UNLESS you don’t protect yourself from these con artist and scammers that are attacking our friends in the Dinar Community!

~ Mr. IQD

Hedge Fund – Risk Management in the Post-Madoff Era of Fraud!!!

HAT TIP: Risk Management Magazine


We are really concerned with helping to provide the tools (and a tad bit of common sense) that will help you to better protect yourself against some of the current SCAMS being waged against us in the Dinarian Community!

One of the biggest threats are these Hedge Funds being sold, which in our opinion are being sold by unreliable, and possibly down right blatant con artists!!!

This article from Risk Management Magazine was written by Pat Huddleston, here is his short bio, and link to his blog:

Pat Huddleston served as the enforcement branch chief of the SEC’s enforcement division from 1992 to 1996. He currently lives in Atlanta as founder and CEO of Investor’s Watchdog, an investor protection company. You can read more from Huddleston on his company’s blog, Investor’s Watchblog.

We hope that you read this, and share this with  your fellow IQD investor friends.

~ Mr. IQD


by Pat Huddleston

From 1977 to 1982, Larry Wilcox was a television star, playing officer Jon Baker opposite Eric Estrada in the hit NBC television series CHiPs. When he left the small screen, Wilcox branched out into other business ventures. He remained far out of the limelight until October 2010, when the U.S. Justice Department charged him with participating in a microcap stock scam that involved bribing pension plan employees. In November 2010, Wilcox pled guilty to one count of conspiracy to commit securities fraud. 

Wilcox’s fraud was a classic “pump and dump” scheme, in which the fraudsters control worthless shares of small companies, pump up the price of those shares with rigged trading and false press releases and then sell the shares to innocent investors. The SEC will stop dozens of such scams this year (and every year). Luckily, no investors lost money in the Wilcox case; the corrupt pension fund employees were actually undercover FBI agents. 

Most pump and dump stories don’t end so well. In the late 1990s, Russian mob boss Semion Mogilevich — now on the FBI’s Most Wanted list — made the Toronto Stock Exchange and prominent Canadian politicians unwitting players in a $150 million pump and dump scam involving shares in Pennsylvania-based sham company YBM Magnex International, Inc., which was purported to be a worldwide manufacturer of industrial magnets. After the FBI and other authorities raided the company’s headquarters in 1998, exposing the fraud, its shares fell to zero. The fraud victimized not only individual investors, but also institutions, including mutual funds and the Ontario Teacher’s Pension Fund. 

Whether it is a pump and dump scheme or any other scam, avoiding professional investment fraud is not easy. Professional con artists are well funded and as skilled in their craft as world-class athletes. Not falling victim begins with admitting that you are…  (to continue reading, please goto original blog post)

FRAUD and PONZI SCHEME ALERT IN THE FINANCIAL PLANNING INDUSTRY! – PLEASE SHARE NOW!

HAT TIP:  Anonymous Email (from a high level Broker in the Financial Planning Industry)


We wanted to republish this article about WSG merging with Transamerica, not because we want to bore you with this kind of news!

Really, what caught our eye, was the facts listed in the third-to-last paragraph, pointing out that LICENSED FINANCIAL PLANNERS are committing FRAUD and PONZI schemes!!! 

You must ALWAYS be careful with whom you invest with, and hire as your financial planner.  Our best rule-of-thumb advice is interview several people from several companies, and pick a few people to work with, splitting up your investments – just in case one of them is a crook!!!  PLEASE SHARE THIS ARTICLE!  🙂

~ Mr. IQD 


Insurance B/D to Shutter, Transfers Reps to Transamerica

Apr 18, 2012 12:00 PM, By Diana Britton

World Securities Group tops the list of broker migration in the first quarter of 2012, terminating its FINRA filings and merging with Transamerica Financial Advisers.

Insurance broker/dealer World Securities Group (WSG) has merged its operations with Continue reading