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

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HOT!!! CLASS ACTION LAWSUIT FILED AGAINST BH GROUP and OTHERS!!!

HAT TIP:  Going Global East Meets West (A REALLY HUGE THANKS!!!)


This CLASS ACTION LAWSUIT refers to the BH Group with Brad Huebner and Rudy Coenen – the two following articles on the Indictment we posted yesterday, Sept 20, 2012:

POST:  BREAKING NEWS + PHOTO!!!  3 Toledo-area men (BH GROUP) charged in Scheme to sell Iraqi money!!!

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

We just can’t tell you how THRILLED we are to see Lady Justice working her magic yesterday and now today with this Class Action Lawsuit against BH Group and Others!

If you have been “harmed” you must read the below, and proceed at your own caution, we have no relation with the Law Firm that inititated this Lawsuit nor can we endorse them, we are also not advising you to particiapte, we are just passing along this original post (below) we found on Going Global East Meets West.  (enough of the “legal stuff” go get ’em!).

Have an ABSOLUTELY GREAT WEEKEND!!!  Next “step”, Shabibi how about an “RV”???….  🙂

~ 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. 


Thursday, September 20, 2012  |  Dinar Scam Information – Class Action …

Note: The Following Information .. For Any Person Who Has Been Harmed …

Iraqi Dinar Scam 

If you have been affected by the Iraqi Dinar Scam / Fraud please contact us to take part in a class action Continue reading

BREAKING NEWS + PHOTO!!! 3 Toledo-area men (BH GROUP) charged in Scheme to sell Iraqi money!!!

HAT TIP:  ToledoBlade.com


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 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.  😉


Howdy Dinarians!!!

We are just giddy with joy today with this AWESOME news that keeps coming out about those scum bags with the BH Group – Brad Huebner, Rudy Coenen (Bayshore Capital) and others!!!

This article has a new REALLY GREAT Photo of those scum bags in CHAINS!!!  Get used to them boys – you may be wearing them for a long time!!!  Karma is a BITCH and she just bit you back in triumph for those of our friends that were harmed by your deception and cons!

Having a totally AWESOME DAY – only an “RV” would make it better…. Just sayin’ Shabibi!!!  🙂

~ 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. 


Three Toledo area men pleaded not guilty Thursday to federal charges that allege they were involved in a multi-million dollar scheme involving the sale of Iraqi currency.

Bradford L. Huebner, 65, of Ottawa Hills, Charles N. Emmenecker, 65, of Sylvania, and Michael L. Teadt, 66, of Maumee, appeared for arraignment before Magistrate Judge James Knepp II. All three men entered not guilty pleas through their attorneys.

The 83-count indictment issued Thursday also named Rudolph M. Coenen, 47, of Jacksonville, Fla. Mr. Coenen was not in court.

According to court documents, the men were charged for alleged involvement in the operation of a $24 million fraud scheme involving the sale of Iraqi dinar currency and two non-existent hedge funds. Each faces charges of conspiracy to commit wire fraud and wire fraud. Mr. Huebner and Mr. Coenen are also charged with multiple counts of money laundering, and Mr. Huebner is charged with multiple counts of structuring and willful failure to file currency and transaction reports.

Steven Dettelbach, the U.S. Attorney for the Northern District of Ohio, said that the defendants’ conduct resulted in a loss to investors of nearly $23.8 million from dinar sales and more than $700,000 from the sale of non-existent hedges funds.

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

According to the indictment, the four men began in August, 2010, a conspiracy 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. The conspirators promoted the dinar and non-existent hedge funds through the dissemination of a series of material falsehoods conveyed primarily through weekly interstate conference calls and through the conspirators’ Web site, according to the indictment.

Attorney Richard Kerger, who represents Mr. Huebner, said today that his client’s business was “entirely lawful.” Saying that Mr. Huebner was a longtime businessman in the area, Mr. Kerger said any noncompliance with federal regulations was “unintentional.”

“I think it’s an unfortunate prosecution,” he said. “…I think at the end of the day, the charges will be found to be not substantiated.”

Mr. Emmenecker and Mr. Teadt were both granted release on a $250,000 signature bond, and ordered to surrender their passports and not travel outside the boundries of the court’s jurisdiction without prior approval.

A detention hearing for Mr. Huebner was set for 10:30 a.m. Friday. Assistant U.S. Attorney Joe Wilson said the prosecution believes he is a flight risk.


HERE ARE YOUR BEST COMMENTS WE HAVE RECEIVED SO FAR!!! ENJOY!!!

Anonymous Name / Handle:: think its funny
Comment: Everybody wonders why the super gurus have mysteriously vanished…ha ha. Nd A’s…lol. okieee, your next!

Anonymous Name / Handle:: networth
Comment: It’s a good start.  Let’s hope something sticks.  I don’t know the exact charges they face but there is probably nothing illegal about selling dinar. Nevertheless, I hope it puts a fright into the other clowns that are charging for their “super-secret” intel.

Anonymous Name / Handle:: JSAN
Comment: very good!! one group down, how many more to go? i think the us marshalls office needs to take a good look at EVERY dinar dealer and pumper invloved with iraqi dinars to ensure they are in 100% compliance. all these gurus calling for RV’s every week is getting real old should also be looked at with a fine tooth comb to ensure their wording on these conference calls isnt “suggestive” to consumers in dire straits spending all their money on dinars and not paying their mtg pymts etc…… waiting for an RV that could or could not happen.

Anonymous Name / Handle:: Prosecutor From Hell
Comment: Gratified to see these dirtbags where they belong.

Anonymous Name / Handle:: bandersnatch
Comment: This feels SO right! Now let’s see superdirtbagscammer “montana” get his! Talk about a creep who has taken innocent folks already struggling, for loads of money. He has a great income from all the hopefuls on this deal! I planted myself into his nest for about a year just to see what was going on and I’ll tell you it’s sick! Honestly hard for me to even imagine ANYONE could swallow his story. I guess money (or the hope for it) does goofy things to a mind. Hoep they get him and put his fugly mug on the news!

Anonymous Name / Handle:: MASTER MASON
Comment: i am new to the dinar world of gurus. ido have some iqd. i have just become acustomed to the computer [i.e. internet] past 2 months. i have been to so many sights makes me dizzy then i found this one today. the news makes me feel very stupid! did i invest in something that is not there? no i did not buy from these scums.

[ Master Mason, don’t feel stupid, and you can learn more about your Iraqi Dinar first on the Central Bank of Iraq’s Website (www.CBI.iq) and you can also learn a tremendous amount of information and read daily news from on The IQD Team’s site (www.TheIQDTeam.com)  If you are physically holding on to your IQD Dinar, then you should have absolutely nothing to worry about.  If you were unfortunate enough to send your money to them, and they were “holding” your IQD Dinar, then you may be out of luck!  ~ Mr. IQD ]

Anonymous Name / Handle:: rocketman
Comment: Thank you for the posting in regards to the BH Group. I was one of many who listened every week like a school child. I did buy two set’s of dinar from them, as did a couple of my family and friends. Should we worry about any dealings info they have we did with them ?, ( we hold our dinar). One last question if I may, do you have a text message service or just e-mail. I did see the e-mail but not a text service. Thank you.

[ Rocketman, you can follow us on Twitter.com/MrIQD from our Twitter you can receive our Tweets and also send us Direct Messages via Twitter.  We also will send out a “RV Tweet” as soon as we confirm from www.CBI.com that the IQD has significantly “revalued” in value!  🙂  ]

Anonymous Name / Handle:: Ky. girl
Comment: What ever happened to innocent until proven guilty. Come on people lets not persecute these men when we just dont know all the facts. A d do we really think we can trust our FBI @this time and im not sure even about our  american leaders im sorry to say. [ Ky. girl – did you notice our “disclaimer” at the top of the page, next to our signature?  Of course they are “innocent until proven guilty” that is the law – but, a Grand Jury passed down an Indictment – that leads a reasonable person to believe where there is “smoke” there is “fire”!!!  Ky. girl, you can keep buying from BH Group if you feel confident – that is up to you!  But we bet they won’t be selling much of anything but cigarettes soon!   ~ Mr. IQD ]


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:

WARNING! BH Group's Claim of having 5 Trillion Combined IQD is FALSE & A CON In Our Opinion!!!

Hello Dinarian Friends,

We just posted the following in our “FAQ” section, but we wanted to be sure this NEVER gets overlooked by newbie Dinarians, especially those who are considering investing in to anything with Brad Huebner and his BH Group.

The below post came out from a Question we received by a listener that had listened to their Conference Call on July 9th, 2012.

Note, if you have questions for Mr. IQD, please feel free to use our anonymous form in the FAQ section!  🙂

~ Mr. IQD


Q: On July 9th CC, announced BH Group is offering “exclusive” Wells Fargo Bank Codes for better rates because they have 5 trillion combined dinar to Continue reading

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