How Do Sellers Scam Their Customers?

HAT TIP:  WebUpOn


We know there is a lot of con jobs and scams going on in our Dinarian Community, therefore rather than continuously bang our drum against the several very obvious Hack Gurus out there that are obviously trying to get you to fall for one of their deals, we felt a more proactive approach may be better!

We are going to seek out and repost many articles like this one today in our “How To Avoid Investing Scams” located under our “ADVICE” Section. 

These articles will teach you to start looking for the “signs” of these con artists. 

This will help you to be better prepared for con artist that are currently not on our “Radar” or perhapes ever will be noticed, because that is just how good they really are!

You must be very paranoid about giving out your personal contact information to these blogs and hack gurus!  You must not trust them with the information of exactly how much Dinar you really own. 

Here is the truth, the amateurs are attacking this community right now, because frankly there is no “real” money – but, after the RV, hold on to your hat!!!  Because the real professionals will be out in full force figuring out how to take our money. 

These “pros” will be people like the con artist Marc Dreier – we posted on Friday who had a degree from Yale and a law degree from Harvard!!!  Marc was so good, he took Hedge Fund Managers for over $400 Million in one of his schemes!!! 

~ Mr. IQD


Published on Wed, Aug 11, 2010 by Michal Dorcak In categories: Money Making

Millions of people sell some goods every day. Sadly, not all of these sellers are trustworthy and they will often try to scam their unsuspecting customers. They can do this in many different ways and it is great to know at least the most frequented scams.

Do not think that you are safe just because you always shop at supermarkets and brand stores. You should never let your guard down. Otherwise the crooks of shopkeeper/vendor society will get to you sooner or later (probably sooner) and you can believe me that it will not be a pleasant surprise.

It is sad, but the ways in which you can be scammed are virtually limited only by seller’s imagination, greed and willingness to risk their own Continue reading

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SCAM WARNINGS: Only Amateurs [Con Artists] Make It Sound Too Good to Be True!!!

HAT TIP:  The Vigilant Investor


This is a very long read, includes some amazing articles about how “Experienced Hedge Fund Mangers” were easily conned by very sophisticated Con Artists!!!

Pre RV and Post RV, you MUST be Vigilant about who and what you invest your hard earned money in to.  If you want to keep your money, you should PREPARE yourself NOW by reading as many articles and stories you can!

One of the biggest lessons is to learn to ask the right, logical questions!!!  One of the stories in this linked article talks about an Investor who was presented by con artists who had representing themselves as “the General Counsel” of a very large Teacher’s Investment Group – but, because the man had asked the Receptionist, was that really Mr. “X”, she replied “no, I don’t know who that was” and she immediately called the police!!!  You need to read this full article in The Vigilant Investor.

~ Mr. IQD


One of the many articles at The Vigilant InvestorBeing Anyone You Want to Be

Marc Dreier had impressive credentials. After earning an undergraduate degree from Yale and a law degree from Harvard, Dreier worked at some of New York’s most prestigious law firms before opening his own firm, Dreier, LLP, in 1996. Dreier employed 250 attorneys and had a biweekly payroll of more than $2.5 million. Works by Picasso and Warhol lined the walls of his Park Avenue law offices. Dreier attracted the best and the brightest and appeared to be able to afford to pay the lavish salaries that he doled out to attract top legal talent.

In 2002, the pressure of maintaining both his law firm and his lifestyle led Dreier into the investment business. He began selling promissory notes, some of them issued by New York realty company Solow Realty. The only problem was that Continue reading

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)

EXPOSED!!! BH Group & Bayshore – Why Is The FBI Investigating? What Happened to the $3Million of Investor's Money!!!

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 20, 2012):  We noticed a lot of Search Engine Traffic is directing you to this page, we didn’t want you to miss the new 2 posts on the Indictment handed down today via a Federal Grand Jury!

LINKS For Today’s New Posts:

https://mriqd.com/2012/09/20/breaking-bh-group-brad-huebner-bayshore-capital-rudy-coehen-indicted-by-a-federal-grand-jury-for-fraud-schemes/

 

https://mriqd.com/2012/09/20/breaking-news-photo-3-toledo-area-men-bh-group-charged-in-scheme-to-sell-iraqi-money/


HAT TIPS: DinarVets.com, RealScams.com + Other Anonymous Emails


Folks, this is one of the most DISTURBING Frauds that has been attacking the innocent and ignorant within our Dinarian Community!!!

The scam of Hedge Funds and variations by The BH Group and Rudy are under investigation by the FBI.

Over $3,000,000.00 of Dinarian money has already been STOLEN!!!

We are reprinting below the various details that we have received, including a heart wrenching personal story, conference call recording, and other info links!

Please read, and learn about the CRAP that is going on NOW – BEFORE the RV, can you imagine how BAD IT WILL GET POST RV when most of us have $Hundreds of Thousands or $Millions to lose with these Con Artists and Scams!!!.

~ Mr. IQD


PERSONAL TESTIMONIAL
[NOTE: Content of this Personal Testimonial Has Been Modified / Edited to preserve confidentiality of original source – material relevant facts were not changed.]
I would took part in the “post” RV Hedge fund that is being put together by Brad Huebner with the BH Group and Rudy Coenen with Bayshore Capital. I secured my Hedge fund position with the “non-refundable” $750.According to Rudy, and his conference call, there were some problems and BH Group is no longer part of this Hedge fund.

Rudy did tell us, the investors, on a conference call [see links directly below] that the FBI did come to his office and took all the documents concerning this Hedge fund!

Rudy insists that everything Bayshore has done has been above board and
they are not in trouble.  I don’t personally feel that I can trust him at his word, and I will cancel my investment and lose my $750 deposit.

However, my biggest concern is that they have my name and my contact info and I am worried that I can now be a victim of Identity Theft, or they will sell my information!

Here are links to the Conference Call Recording where Rudy was bashing BHGroup – Note, Rudy had taken down his copy of this recording, but someone made these back-up recordings:

OTHER POSTS & LINKS


TELL US YOUR STORY

Did You Feel You Got Ripped Off Also? You can either post your story in the comments section below (Disqus) – or – Fill out the Anonymous Form below!