NOTICE!!! SEC CHARGED HIM WITH PONZI SCHEME!!!

Bitcoin Accepted Here [by freeborn]

THIS STORY IS NOT FROM THE HACK GURUS IN THE DINAR COMMUNITY – BUT IT MIGHT AS WELL HAVE BEEN!!!

JUST REPLACE “BIT COIN” WITH “IQD” AND IT SHOULD BE ANOTHER EXCELLENT EXAMPLE OF HOW EASILY “SMART” PEOPLE GET SCAMMED!!!

~ #MrIQD

EXCERPT FROM WIRED.COM

On Tuesday, the Securities and Exchange Commission (SEC) charged 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 ]


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:

UPDATE – Avoiding Cons & Scams – Private Investigator Resources!

Hello Dinarian Friends,

Wow is all we have to say to the overwhelming positive responses we have received regarding our recent post:

WARNING!!! The Art of the Grifter & Con Man – Are You Being Scammed out of your IQD? Here’s How To Tell…”

Many of us Dinarians have voiced support for the idea of using a Private Investigation Firm to first check the background of a “Hack Guru” (i.e. Blaino; Brad Huebner / BH Group; Breitling; Hammerman; or Rudy Coenen / Bayshore Capital) BEFORE we invest any money with them, or any more money with them – ESPECIALLY AFTER THE RV HAPPENS!

Just remember, especially after the RV, we all will be hit up by various schemers and con artists with various schemes and scams.  In the article, we highlited the family that spent over $100,000.00 USD on a “bait-n-switch” hotel scheme – had they first spent a few thousand dollars paying a Private Investigation Firm to do background checks on the men who were purportrating the scam, they would still be holding their $100,000.00!!!

Well, we wanted to make a quick “go to” resource for you to easily find National and International Private Investigation Firms, here are some that we found:

ASG – Advanced Surveillance Group, Inc. – LINK

Cole Investigative Agency – USA and InternationalLINK

CSC – Creative Security Company – LINK

ICS – International Counterintelligence Services – USA and InternationalLINK

Kreller Group – USA and InternationalLINK

NAPI – National Association of Private Investigators – LINK

National Investigation Bureau Inc. – USA and InternationalLINK

National Investigators – LINK

PIU – International Private Investigators Union – Discussion Forum – LINK

Pinkerton – Consulting & Investigations – USA and InternationalLINK

PI Magazine – National Investigator Associations – LINK

Private Investigators – Local Private Detective ListingsLINK

Rominger Legal – LINK

The World Protection Group, Inc. – USA and InternationalLINK

TIG Investigation Services – LINK

NOTE:  We don’t personally recommend any one firm, and we recommend you use your own due diligence and interview several firms before going with any one firm.

Remember, if/when the RV finally happens, you will only have one chance with this blessing to finally bless yourself and your family.  Don’t let a con artist scam you out of this blessing – he or she certainly does not deserve your money and dreams!  Please, don’t be afraid to spend a couple of dollars to have them professionally investigated and checked out BEFORE you hand over any of your money!

~ Mr. IQD

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

SCAM ALERT: Flipping [Real Estate] Frenzy Scam!!!

HAT TIP:  American Greed – CNBC

[SEE THEIR WEBSITE FOR FULL ARTICLE, ~ OR ~ CLICK HERE TO WATCH THE PROGRAM]


Case File:  Flipping Frenzy Scam

Accelerated Funding Group
Jeanetta Standefor runs Accelerated Funding Group. The company claims to use investors’ funds to save homeowners from foreclosure. But while clients think they’re helping people stay in their homes… Standefor is helping herself to millions!

The Con
Standefor convinces clients their cash is rescuing homeowners from foreclosure. She targets inexperienced investors and appeals to their sense of altruism. Her charisma lends credibility to her unrealistic claims. Her pitch sounds too good to be true… and it is.

Living the Good Life
Jeanetta Standefor is living the high life. She uses investor money to buy diamonds, tickets to the theatre and sporting events. She even uses the money to pay for her wedding and a plush honeymoon. But the lavish celebration hides a harsh reality. AFG is crumbling.

End Game
In 2007, the real estate market is tanking and so is AFG. Standefor has been running a scam and bilked hundreds of investors in three states. The Securities and Exchange Commission opens an investigation.

American Greed profiles an $18 million dollar ponzi scheme!

[SEE THEIR WEBSITE FOR FULL ARTICLE, ~ OR ~ CLICK HERE TO WATCH THE PROGRAM]

Jeanetta Standefor | The Con Man
Jeanetta Standefor
The Con Man
Ann Kim | SEC Attorney
Ann Kim
SEC Attorney
Poppi Crowder | The Victim
Poppi Crowder
The Victim

 

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)