Podcast 4 – “Sam I Am” part 3

podcast 7Well now, all my cards are on the table with this latest podcast. At this point you should see that Sam is in the process of bringing his archives over. You should also see a new post from him on occasion. He has freedom to write about anything he wants to say. We are now equal partners in Iraq Currency Watch and now this is just as much his blog as it is mine. I think the merging of our two sites is a great mix. Hopefully many of Sam’s readers will be pleased with the results.

So now I give the invitation to all of Sam’s readers to subscribe. Actually, anyone who wants to can subscribe by clicking  the follow Iraq Currency Watch blue button to the right. By subscribing you will be informed whenever a new post or podcast is posted. Any email address that is provided is kept confidential and you will never receive advertisements! You will only be notified when Sam and I release a post or a podcast. You can also remove yourself from the list at any given time. Many great things are coming to Iraq Currency Watch. So if you enjoy the content you should join the hundreds of people who have already subscribed. It does not cost you anything to do this.

podcast 4When I initially interviewed Sam for the Podcast we had 3 segments which became massive. So I decided to make each segment a separate podcast. I already posted the first two podcasts in my last post. Now we are releasing part 3. Some more surprises await.

Just a note of clarification, I could not remember the name of the document the government served SCG. I called it a consumer complaint when it fact it was a civil complaint. I am sorry about the confusion.

Our Friend TNTBS

Sam’s blog identified many of the people who were lying about this investment. This was the reason for his identity. Since his site has closed down others have taken on his cause. Below you will see a video from our friend TNTBS. Much of this information is based on Sam’s research. He also adds his own research into the mix. TNTBS presents this information in an entertaining and amusing approach.

Podcast Notes

Defending  The Faith

http://www.amazon.com/Defending-Faith-Word-Apologetics-ebook/dp/B00ULQEOJ6

 

 

 

Jew and Greek

http://jewandgreek.com/

 

BVAWE

https://bvawe.wordpress.com/

 

 

 

cropped-06-gcr-mockup6.jpgThe Truth About The Coming Global Currency Reset

http://www.amazon.com/Truth-About-Coming-Global-Currency-ebook/dp/B00RYIY21Y

Podcast 2 and 3 – “Sam I Am” Interview

Podcast 1In the last Podcast I mentioned that I was going to interview Sam I Am. Sam had one of the most popular anti-dinar blogs on the internet. He closed his site down in the spring of 2015. Now he is having a tell all interview with me. How exciting!

SamTypically on a Podcast I will have 3 segments. I typed about 17 questions down in a Microsoft Word document. I was hoping to have enough material for all 3 segments. As it turns out I recorded 3 separate segments. We talked for 3 hours and I only got to ask a few questions from the word document. We discussed many things from our dinar years. I decided to divide each segment into a totally separate podcast. So without further ado here is the first Podcast with Sam i Am

Sam I Am – Part 1

podcast 2We had a lot of fun reminiscing about dinar days of old. As we talked about some of the people who shaped the dinar community we had a few good laughs over  the stories of what some of these guys said and did. So I am going to share the second part of the interview with Sam I Am. You will find the third podcast for this site below. There is one more segment after this but I will release it in another post. Between part 1 above and part 2 below you should get a pretty good background about Sam and his experience with the dinar.

Sam I Am – Part 2

So if you listened to both of these podcasts then you found out a lot of secrets about the dinar community. You also found out what is in store for this site. Some great changes are coming. I hope you find these podcasts entertaining. Thank you for taking the time to listen!

Podcast 1 The Dinar Scam

podcast 2Podcast Description

Welcome to the first podcast for Iraq Currency Watch. This first podcast is more of an experiment. I am learning as I go so please be patient. Your feedback in the comment area will be most helpful. I have listened to several different podcasts to get an idea as to how to do this. In this podcast I review a brief history of Iraq Currency Watch. I also reveal new information regarding Sam I am. We also go over a valuable new resource that I think many people will find useful. The best thing about this resource is the fact that it is absolutely 100 percent free. I think many people will benefit from this. I hope you enjoy the first podcast from Iraq Currency Watch.

Podcast Notes

Podcast 1In this area you will find the things referenced in the Podcast. First and foremost are the first videos I made regarding Kodi. They are listed below. The first video covers downloading and installing. the rest of the videos deal with customizing and configuring Kodi.

Check The YouTube channel  Building A Multimedia Center for more information

From the TV show called Front Line, The episode called Losing Iraq can be found below. Just click on it.

Losing Iraq

Thank You for listening to the first Podcast from Iraq Currency Watch.

Sam I Am

SamRecently I was able to connect with Sam I Am. He used to run a blog site called Dinar Douchebags. He exposed a lot of the hype regarding this so-called investment. He also researched and discovered the identities of many dinar gurus. These people did not want anyone to know who they were.

Sam not only revealed their identities but he exposed some of their past as well. Over time his blog received a huge following and he had a loyal fan base that read his posts. I was one of his fans as well. In my opinion he had one of the best dinar blogs on the internet. Then one day he decided to shut everything down and move on with his life.

Some of the same people that read my site also read Sam’s site. His readers are well informed and they made great arguments for any guru who would wander into the comment area. These guys are sharp, very bright and well informed readers.

So it was a sad day when Sam shut down his site. I understand the reasons and the need to move on. But Sam did a lot more than provide truth. He did a lot more then exposing liars. Sam was able to provide therapy to the many victims of this cruel hoax called the Iraqi dinar. His blog site assisted and helped people to move on and to put the dinar behind them.

Recently I was able to contact Sam and I sent him some questions. He answered the questions and sent them back to me. He interviewed me twice. I thought it was high time that I returned the favor. So without further ado here is the interview.

Questions for Sam I am

1.       I know that at one time you were a dinar investor. How long did you hold dinar?

I bought my first order in Feb. 2010 and my last in Oct. 2010, and a couple more in between.  I sold off all but 100,000 or so in 2011 & 2012.

2.       What were the main things you believed about the Revalue?

Well, I was always a bit skeptical, but I got caught up in the mania.  I guess the thing that got me to really believe in it was the stories about people making big money with Germany and Kuwait’s currency, although I also fell for the gurus’ explanation about “removing three zeros means pulling in the larger notes so that they can raise the value”.  None of that was true, of course.  Lies!  All lies!!!

3.       Describe the moment that the lights came on? When did you realize that this was not going to happen?

It was a process.  I found out the truth about their money supply and Executive Order 13303 and things like that, but the one critical moment where my heart sank was when I read Wikipedia’s article about redenomination.  It said that it’s sometimes called “cutting the zeros”, which I realized was exactly what the CBI was talking about.  That’s when I realized that their currency reform plan was a redenomination and that the gurus were either wrong or lying.

4.       Why did you choose the name Sam I am as your screen name?

I really don’t remember.  Maybe it’s because I wanted to feed people something that they didn’t want, like the truth.

5.       What are some of the things you learned from the dinar scam?

Wow!  I really learned a lot.  Where do I start?  I learned not to invest in something without taking the time to understand it.  I learned a lot about currency, more than I wanted to know.  I learned about how easily manipulated people are, including myself.  I learned how widespread investment scams are, and how hard it is to convince people that they’ve been duped.  And then there’s the non-investment stuff.  I learned about blogging.  I learned about this whole conspiracy theory driven patriot movement that I never knew about.  And I learned some things about the law, too.  It was a real all-around education that only cost me the $1200 or so that I lost on the dinar, and I made that up and more with my blog.

6.       What are some of the things you learned from owning your own blog?

Blogging is pretty cool.  I enjoy writing and researching.  Now I’m going beyond where I was with the dinar and learning about CMS (Content Management Systems) and WordPress stuff.  With the DB blog I learned the power of the press, and citizen journalism.  I was just one guy (until you and a couple others came along) against all of the pumpers, dealers, gurus, scammers … etc.  I learned some things about internet marketing which enabled me to get my search engine ranking high enough to where people had to run the gauntlet so to speak in order to visit the scammer sites.  One person can make a difference.  That was a powerful revelation.

7.       What is your system for finding someone’s identity?

I’ll never tell!  LOL!  Actually it’s not that complicated.  It’s just time consuming.  The first thing you need to know is how to do advanced keyword searches to filter out the results you don’t want.  For example, if you want to know about where an accountant named Jorge Schwartz lived in 2009 you would type “Jorge Schwartz”, accountant, and 2009 into the search engine.  The quotation marks will eliminate all of the Jorge’s without “Schwartz” as a last name and all of the Schwartz’s without “Jorge” as a first name.  If you get too many results with the wrong years you could add -2015, -2014, -2013 … etc. to eliminate the years you don’t want.  Then you just go through whatever forums or posts associated with the person until you find some clues, and use those clues in your searches.  Sometimes I would listen to hours of conference calls just to find out what I could about the person I was investigating.  Sometimes people would send me stuff, which really made things easier.  Again, that’s the power of the press.  Once you’ve made your work known it kind of takes on a life of its own.

8.       What are some of the tools you use to conduct your research?

Google, Google cache, Wayback Machine (archive.org), Website Outlook, court records, people finders, WhoIs, AnyWho … basically anything and everything.

9.       What would you say to those who have supported you and your blog?

Thank you, Thank you, Thank you.  I couldn’t have had the impact I had without a community spreading the word, because the dinar sites wouldn’t allow links to my blog.  I would also say you were on the right side of history.  The extent of the fraud and the damage is now becoming very clear to most dinarians, and when it’s all said and done you can hold your head high while others are ashamed, embarrassed, or running for cover.

10.   What would you say is the most personal bizarre dinar story you have heard so far?

That’s like saying who is the strangest person in California!  The whole thing was a venture into the bizarre.  I guess what comes to mind first though, is the group hanging out somewhere in Reno, Nevada waiting on the RV, and then everything changed and they waited around for the GCR (Global Currency Reset) and their 800 numbers with their NDA’s (non-disclosure agreements) which prevented them from discussing anything with friends and family back home.  Some were there for over a year back in 2013.  For all I know they’re still there.

Podcasts

I would like to take this time to announce that starting with the next post I will begin to insert a Podcast into each post. These Podcasts will discuss global economics, and they will hit on the dinar. I believe that we are near the end of this thing. If that is the case then we are about to see who is right and who is wrong. We will see how the government deals with those responsible for ruining a lot of lives. I want to be able to talk about that in detail if for no other reason to say I told you so! Na not really…. Well maybe a little.

I want to insert personal observations about this whole mess we call the Iraqi dinar. Regarding that subject I have been hard at work on a new book about the dinar. This book will be available to everyone and the price will be free of charge. More details will come and you will be able to get the book at Amazon, Smashwords and other eBook merchants. More information about the book will be available soon.

The End Is Near

Lately I have seen a few people predict that the end of this dinar investment was near. I saw this as I was cruising through some of the dinar forums this week. Although they may be talking about a revalue, I believe the end is going to be something completely different. Who knows, maybe the end is near. The end has been near for the past 10 years. So at this point, it is hard to tell.

Apparently September or October is supposed to be the time that everything will change. Maybe in November I will write about how wrong these guys are yet again. If people have not figured this out by now then I don’t know what it will take. There is no Iraqi dinar revalue and there is no global currency reset. Even in spite of all the evidence I put out there, people have yet to refute many of the main points I have made.

Time For Some Changes

I really needed to update this site. The changes are long overdue. The old look and feel was not html 5 code. It would not configure to mobile devices like iPads, cell phones and tablets. The new look and feel of this site will now configure to any mobile device. It has modern and updated code. That is the main reason for the new look and design for Iraq Currency Watch.

Questions about article 32

Lately I have been getting some feedback about a post I wrote a while back. In the post I said that according to Iraq’s currency laws (especially section 32) that the Iraqi dinar was only intended to be used in Iraq. Some people have disagreed with that analysis. I have also said that the Federal Government claims that the dinar is illegal to export and bring to the states. So for the sake of clarification allow me to expand on this.

So far there have been 4 main cases brought against dinar dealers. With each conviction, indictment, or civil complaint the government has exposed many of the lies that have been floating around in the dinar community for years. Please note that I am not saying that the dinar is illegal to export and import, Departments of the Federal Government made this claim with its prosecution of dinar dealers. Let me go into a little more detail.

1. The first conviction was made against a man by the name of David Olmsted, aka Dale Cooper Jr. This is what was said about the dinar from The Department of Homeland Security and U.S. Customs.

“According to court documents, Olmsted arranged for shipments of Iraqi dinars, the country’s currency, to be sent from the country of Jordan to the United States in split shipments in February 2011. He had previously been federally licensed to conduct foreign currency transactions in 2004 and 2006, but his license lapsed in 2008. Also, importing Iraqi currency is against federal law.”

http://www.ice.gov/news/releases/south-dakota-man-pleads-guilty-evading-reporting-requirements-importing-foreign

2. The Second set of convictions was against the B.H. Group. Many lies were exposed in this conviction. This is directly from the indictment.

The “BH Group” was formed by BRADFORD HUEBNER to market and sell the Iraqi official currency, the “dinar,” to individuals as an investment.

BRADFORD HUEBNER filed paperwork registering the BH Group as a money service business specializing in the sale of Iraqi dinar.

14. BRADFORD HUEBNER, RUDOLPH COENEN, CHARLES EMMENECKER, and MICHAEL TEADT often discussed during weekly telephone conference calls with potential investors, Executive Order 13303 which they alleged to protect the right of U.S. citizens who invest in Iraqi dinar currency. In fact, Executive Order 13303 protects assets of the Development Fund of lraq (DFI) and other Iraqi assets from legal attachments or liens. The Coalition Provisional Authority created the DFI in 2003 in order to promote the transparent use of Iraqi funds for purposes benefiting the people of lraq. Any assertion that Executive Order 13303 promotes, protects, or regulates the sale of, or investment in, Iraqi dinar is false.

15. BRADFORD HUEBNER, RUDOLPH COENEN, CHARLES EMMENECKER, and MICHAEL TEADT often discussed during weekly telephone conference calls with potential investors, the U.S. Department of the Treasury holding the Iraqi dinar, further alleging the Department of the Treasury held trillions of lraqi dinar for investment purposes. In fact, the U.S. Department of the Treasury does not hold any Iraqi dinar for investment purposes and holds only a nominal amount for use in daily operations. It was further the purpose and object of the conspiracy that BRADFORD HUEBNER,

Download the indictment using the link below

http://www.realscam.com/attachments/f12/1576d1348185792-bayshore-capital-investments-bh-group-bhgroup_indictment.pdf

3. A civil complaint was also filed against Sterling Currency Group. Some of the Details are found here.

http://www.docdroid.net/132iq/doc-2-6-9-2015-amended-complaint.pdf.html

Here we find out that dealers and even some pumpers knew that the dinar will never revalue. According to the indictment they sold this worthless paper anyway. The government has been watching them since 2010.

“Email communications between Rhame, J.Shaw, C.Shaw, and Bell confirm that these individuals know that the concept of the dinar revaluation is a scam.

“Sterling has knowingly benefitted from false representations made by web sites and blogs, including “The GET Team.”

“26.Thereafter, beginning at least as early as 2011, Sterling began making monthly payments in the amount of $4,000 to TerryK.  In total, Sterling has paid TerryK more than $150,000 since 2011.”

Not only did certain dinar dealers know that the dinar would not revalue, but for the first time we can now see that pumpers are on the payroll.

Check out the video in the link below from channel 11 News. It is an updated story that takes place about a week after the bust on SCG

http://www.11alive.com/story/money/2015/06/11/sterling-currency-group-iraqi-dinar/71051900/

At the same time the raid was conducted on SCG another raid was carried out in Puerto Rico by the FBI.

“The raid conducted by the Federal Bureau of Investigation during the morning in a business that sells dinars, located on Roosevelt, Hato Rey Avenue, is related to a fraud investigation,”

“FBI agents, accompanied by the IRS and police officers in Puerto Rico, arrived at about 7:00 am at the offices of Internet Management Mendez. Quinones explained that could be there until noon.

He said that, in general, in raids seeking documents and computers.”

http://www.outpostprovisioning.com/2015/06/fbi-raids-business-selling-dinars-in.html

I am sure as time goes on we will learn more about these raids. It may take a while.

There Has Been Yet Another Legal Action Taken By Authorities!

http://www.cftc.gov/PressRoom/PressReleases/pr7206-15

http://www.wtvy.com/home/headlines/FBI-Searches-Dothan-Home-319506601.html

https://www.iraqidinar.org/dinar-corp-complaint/

http://www.slideshare.net/global-currency-reset/dinar-corp-1-15-cv00538wkwtfm-sample-court-documents

The point I am trying to make is simple. Apparently the government has been watching the dinar dealers and the pumper networks as early as 2010. Just read through some of the cases. They have been gathering evidence the entire time. They probably have records on every dealer. Maybe the prophecy is right. Maybe we are at the end of this thing. But it won’t end as investors suspect. It may very well end with a lot of people going to jail. I really don’t know what the outcome will be. Everyone under indictment is innocent until they are proven guilty, but to watch this whole thing implode has been at the very least interesting. This is not just one group of people selling dinar.

Iraq’s Currency Laws

Section 32 says this

Article 32 – Issuance of Currency.

1. The CBI shall have the exclusive right to issue banknotes and coins INTENDED for CIRCULATION in Iraq. Banknotes issued under this Article shall be the first charge on the assets of the CBI. The CBI shall make appropriate arrangements for the issue of its banknotes and coins for circulation in Iraq. Banknotes and coins issued by the CBI and intended for circulation in Iraq are not: promissory Notes, Bills of Exchange, or any other type of commercial document under the applicable commercial law, and the CBI is obligated to honor them only as provided for in this Law.

2. Only banknotes and coins issued by the CBI that have not been demonetized shall be legal tender in Iraq.

3. The CBI shall be responsible for the supply of Iraq’s banknotes and coins and shall endeavor to maintain the availability of an adequate number of banknotes and coins in all regions at all times.

http://www.cbi.iq/documents/CBILAW-EN_f.pdf

Intended for use basically means circulation or currency. That is currency used to conduct commerce. The currency is not supposed to be used outside of Iraq for the purpose of conducting exchange for goods and services. It is only meant to be used in Iraq for this purpose. People have been using the currency as an investment. This is not the intended use for the dinar.

Sure the currency is exported, all currencies are exported. The reason for this is so people can convert dollars to whatever currency they need in preparation for their visit to that country. The dinar is only supposed to be used as a medium of exchange in Iraq.

Article 32 section 3 declares that Iraq has the responsibility to keep a reasonable amount of currency in country for exchange.

 ARTICLE 34 – Withdrawal of unfit banknotes and coins

1. Banknotes and coins in circulation that are unfit for circulation shall cease to be legal tender. Subject to paragraph (2) of this article, the CBI shall withdraw, destroy, and replace, with banknotes or coins of an equivalent amount, any banknotes or coins presented to it that are unfit for circulation.

2. The CBI may decide to redeem banknotes and coins by issuing, free of charge, other banknotes or coins in equivalent amounts. A decision to redeem banknotes and coins shall be issued in the form of a regulation of the CBI specifying the period during which the exchange shall take place and the locations and times at which withdrawn banknotes and coins shall be presented for redemption.

3. The CBI shall not be required to provide any compensation for banknotes and coins that were lost, stolen, or destroyed: it may confiscate without compensation any banknotes that have been altered in their external appearance, including particular banknotes that have been written on, painted on, overprinted, stamped, or perforated, or to which adhesive matter has been applied.

Here we see that the CBI (Central Bank of Iraq) is responsible for maintaining the currency. Any damaged notes will be replaced and according to articles 32 and 34 the CBI must maintain a reasonable supply of currency. This means as the currency is exported it must be replaced. The CBI will release more into circulation to maintain the supply. This is the exact reason that the currency supply outside of banks has been increasing ever since 2004! Today there are well over 35 trillion dinar outside of the banks in Iraq. There are several trillion dinar outside of the country. I would say most of that is outside the borders of Iraq.

 ARTICLE 35 – Disposition of Currency

1. The CBI may decide to redeem banknotes and coins by issuing, free of charge, other banknotes or coins in equivalent amounts. A decision to redeem banknotes and coins shall be issued in the form of a regulation of the CBI specifying thew period during which the exchange shall take place and the locations and times at which withdrawn banknotes and coins shall be presented for redemption.

2. At the end of the exchange period, or at any other time specified by the CBI, redeemed banknotes and coins shall be demonetized and cease to be legal tender.

3. The CBI shall notify the public, by publication in the official publication, of the banknotes and coins that are legal tender.

Here we can see the redenomination language. Article 35 talks about the right to redenominate or replace currency. They are not required to honor currency outside their borders because article 32 states “INTENDED for CIRCULATION in IRAQ.” They can claim that the currency is intended to only be used in Iraq and that they will not honor currency that was illegally sent outside of their borders.

They may claim that using the currency as an investment is against the intended use of the currency. They will cite the costs of maintaining a currency supply. The amount of costs used to replace currency that was exported will be a central argument and they will site article 32 of these laws.

If you don’t think that can happen then I would suggest you revisit the events that unfolded in 1992 and 1993. Here we see a history where the country encouraged people outside of their borders to invest in their currency on one hand then they closed the borders and invalidated the currency outside their borders after the bulk of the investments were made. They cited currency laws and they said their enemies tried to destroy them through investing in their currency. This is where the Swiss dinar came from!

Don’t take my word for any of this! Do your own research! The following links should get you started.

http://www.nytimes.com/1993/05/16/world/fortunes-in-iraqi-bills-gone-overnight.html?src=pm

http://people.ischool.berkeley.edu/~hal/people/hal/NYTimes/2004-01-15.html

http://www.bostonfed.org/economic/ppdp/2004/ppdp0401.pdf

So the big question here is this, Will history repeat and will the same thing happen that happened in 1993? Maybe the end is near, but chances are that won’t be a good thing for the investors or the dealers.

The other important point is that within Iraq’s foreign investment laws their Currency is exempt. Let me quote from a document from America’s foreign embassy in Iraq.

“NIL’s provisions should provide an open investment regime for foreign investors. However, the NIL does not permit foreign investors to own land, though they may lease (for 50 years, renewable). It also does not cover investments in the oil, banking and insurance sectors. (A copy of the National Investment Law can be obtained from the U.S. Department of Commerce Iraq Task Force website – http://www.export.gov/iraq/.)”

“Banks may engage in spot transactions in any currency, but are not allowed to engage in forward transactions in Iraqi Dinar for speculative purposes”.

“Article 27 of the NIL, which details the rights of Iraqis and foreigners with respect to Iraqi law, refers to dispute resolution. However, the absence of implementing regulation makes application of the law uncertain in practice”.

The Book

cropped-06-gcr-mockup6.jpgThe Price of my Book “The Truth About The Coming Global Currency Reset” has been lowered to $2.99. for a limited time. You should see the new price shortly. If you want to know the basics about economics and why the dinar can’t possibly revalue then this is a good place to start.

If you still don’t want to purchase the book then no worries. Over half of the information in that book can be found at my other blog called BVAWE. Here are two links that will provide much of the information in the book. Click on links within those articles to continue reading the information. There are some things in the book that are not found on the blog. But if you are just after the basic information then you can start here. This represents 4 years of research.

https://bvawe.wordpress.com/monitary-history/

https://bvawe.wordpress.com/economics-explained/

http://www.amazon.com/Truth-About-Coming-Global-Currency-ebook/dp/B00RYIY21Y

 Disclaimer- Comments will be held for moderation due to the ongoing investigation and the legal matters at hand. No comment about Dinar Corp or Sterling Currency Group will be approved or allowed. These companies are innocent until proven guilty and any perceived wrong doing will not be posted. We need to wait until the outcomes of any and all civil or criminal trials are over. This is for personal liability reasons.

You may comment on anything else regarding this investment but no accusations or name calling will be allowed regarding these two groups. Please be civil.

 

 

 

 

The Scammers And The Pumpers,

I caught a lot of heat in January of 2012 when I claimed the dinar was a scam. People thought I fell off the deep end. I invested in the Iraqi dinar and then I talked about it on this blog. I strongly supported it until my study of currency revealed a whole different story. I told everyone to sell their dinar as soon as they could. I said that if Iraq redenominates there will be no dealers around to provide any liquidity. I said that this so-called dinar investment is really a scam. The dinar is a game of musical chairs. Anyone caught holding dinar when this thing finishes will be the people who lose everything.

Now it seems as though the whole so-called investment is crashing down all around us. Shortly after Tony goes to jail (see last post) we witness the government action of raiding the offices belonging to Sterling Currency Group aka Dinar Banker. They also seized assets such as aircraft, and expensive luxury cars. This happened on June 3rd, just 6 days after Tony was sentenced. Check out the raids with the following links.

http://m.wsbtv.com/news/news/local/fbi-raids-brookhaven-home-and-business/nmTf5/

http://www.oneworldofnations.com/2015/06/sterling-currency-group-aka-dinar.html

http://www.brookhavenpost.co/details-murky-after-f-b-i-raids-two-brookhaven-area-addresses/30583/

Even though the dinar community is surprised by this it comes as no real surprise to me. As I watch the traffic from this site I see that the dinar is big on an international level too. Just last month alone I got traffic from United States, Canada, Malaysia, Taiwan, just to name a few. I also get a lot of traffic from Puerto Rico. The dinar is huge there. Now it seems that some dinar business in Puerto Rico was raided too.

“The raid conducted by the Federal Bureau of Investigation during the morning in a business that sells dinars, located on Roosevelt, Hato Rey Avenue, is related to a fraud investigation,”

“FBI agents, accompanied by the IRS and police officers in Puerto Rico, arrived at about 7:00 am at the offices of Internet Management Mendez. Quinones explained that could be there until noon.

He said that, in general, in raids seeking documents and computers.”

http://www.outpostprovisioning.com/2015/06/fbi-raids-business-selling-dinars-in.html

Today I have been reading through the civil complaint for the government’s case against Sterling Currency Group.  I can tell you that those boys are in a bit of trouble. Let me quote directly from the civil complaint so we all know the people involved.

“This Complaint seeks forfeiture of the below-listed properties to the United States as proceeds of specified unlawful activities and properties involved in money laundering offenses of Sterling Currency Group, LLC (“Sterling”); Sterling Online Processing Services, LLC (Sterling Online); GID Partners, LLC (GID); Alex Capital Holdings LLC (Alex); James Shaw (J.Shaw); Carole Laurette Shaw (C.Shaw); Tyson Rhame (Rhame); Frank Bell (Bell), and other entities controlled by these same businesses and individuals that have used the facilities of interstate commerce in a scheme to defraud investors in the Iraqi dinar by publishing and disseminating false information about the viability of that currency as an investment:”

Wow the dinar as an investment is actually false? Of course this is according to the complaint. What does the Department Of Justice really know about the dinar anyway? (Sarcasm) Now that we know who all the players are, the civil complaint proceeds to list the assets that the government will seize.  Some of these include various real estate properties, luxury cars, and even three airplanes. I will quote directly from the civil complaint again,

“Based on the evidence described below, the Defendant Properties are subject to forfeiture to the United States pursuant to 18 U.S.C. § 981(a)(1)(C) as proceeds of specified unlawful activity traceable directly and indirectly to violations of 18 U.S.C. §§  1341, 1343, 1349, 1956, and 1957. 3.Additionally, the Defendant Properties are subject to forfeiture to the United States pursuant to 18 U.S.C. § 981(a)(1)(A) as property involved in money laundering offenses in violation of 18 U.S.C. §§ 1956 and 1957.”

“Since at least 2004, Sterling Currency Group, LLC (“Sterling”), an Atlanta, Georgia-based business that also does business under the name Dinar Banker, has become one of the largest sellers of Iraqi dinar in the United States.  While Sterling also offers the sale of what its website calls “other exotic currencies,” including the Vietnamese Dong, Indonesian Rupiah, Afghani, and Chinese Yuan, the bulk of Sterling’s business comes from the sale of the Iraqi dinar.”

“8. Sterling is one of several money service businesses in the United States that purchases the Iraqi dinar abroad for sale to customers in the United States and Canada.”

“9.Sterling purchases its inventory of dinar notes from exchangers in the Middle East, transports the notes in bulk to the United States via commercial carrier, retrieves the notes from Hartsfield Jackson International Airport, and trucks them Case 1:15-cv-02032-LMM   Document 2   Filed 06/09/15   Page 14 of 48”

“15 for storage to a business location in Atlanta, Georgia, where they remain available to fill customer orders placed on its websites (initially at http://www.dinarbanker.com and now at http://www.sterlingcurrencygroup.com) and over the telephone.”

“10.Sterling operates in partnership with Sterling Online Processing (“Sterling Online”), which provides administrative services for Sterling, as well as GID Partners (“GID Partners”),  which is an Iraqi dinar exchanger purchased by Sterling.”

“Sterling’s success is at least partially attributable to its use of the facilities of interstate commerce, including wire communications, both directly and indirectly, to disseminate false and misleading information about the possibility of a revaluation of the dinar and to steer customers toward choosing Sterling over its competitors.”

“16.The revaluation (or simply, “RV”) theory has spread throughout the Internet and is promoted by a variety of internet blogs and individuals who hold themselves out to be currency experts or “dinar gurus.”  According to the RV theory, the dinar will experience an abrupt, exponential rise in value against the U.S. dollar and hence yield enormous profits for dinar holders.”

“17.An individual who worked for Sterling from approximately 2013 to 2015 confirmed that Bell at one point told customer service center representatives in a meeting that there would never be an Iraqi dinar revaluation.  Bell instructed the representatives not to tell callers that the revaluation will never occur but to tell the callers to do their own research”

This is the reason I said that dealers would not be around in the event of a redenomination. If certain dealers are breaking the law, and they are, then other dealers will close up shop as well due to liability issues in the event of a redenomination. The civil law suits will be enough to cause everyone to get out. Not just the civil complaints brought from The Department Of Justice, but the civil suits brought through private parties as well.

Perhaps the saddest part of the whole thing is that these people knew they were breaking the law. Email communications between the people at Sterling bring this out and they are even listed in the complaint. The people at Sterling knew that Iraq would not revalue and they knew this as early as 2010. Not only did they continue to sell dinar to people who thought there would be a revalue, but they had pumpers on the payroll to promote that idea! Let us look at some of the emails listed in the civil complaint.

“Email communications between Rhame, J.Shaw, C.Shaw, and Bell confirm that these individuals know that the concept of the dinar revaluation is a scam.

‘On November 3, 2010, J.Shaw sent an email to Rhame entitled, “Discussion Point,” an email that he also forwarded to C.Shaw, which read, in part:  Ty, The point of my call was not to talk about net worth. We have a business that I valued at $8-10 million in that formula (SCG). Laurette and I do not think about how much is hers and mine as you do in your relationship (like I should give her 99% of profits). We are 50-50 partners on everything and if we ever split up we would divide all assets as such. She has lately been very nervous and was crying last night because she knows we are running an illegal operation.  The point is that her [sic] and I have worked way too hard in life for us to risk everything based on your belief (even if I agree with you) that the Iraqi dinar will not RV and it is ok to make millions of dollars in false promises to our customers. Not only are we risking everything we own, we are risking serious jail time as promoters of a ponzi scheme. . . Jim”

“Additionally, a March 22, 2011, set of emails further shows that Rhame and C.Shaw were aware of Sterling’s wrongdoing.  a.Specifically, on that date, Rhame sent C.Shaw an email that copied J.Shaw with the subject, “Comments related to AMENDED Operating Agreement” in which he asserted, “This amendment is complete bullshit written for the purpose of obtaining banking. Jim and Ty are operation [sic] under the original partnership agreement. We are 50% partners and his ass will go to prison if mine does.” b.Thereafter, C.Shaw replied, “and won’t your asses have an interesting time there. NOT.

“Sterling’s unlawful business practices fall into at least two categories.  First, Sterling unlawfully used at least one revaluation promoter to disseminate false Case 1:15-cv-02032-LMM   Document 2   Filed 06/09/15   Page 19 of 48”

“20 information and steer prospective dinar purchasers toward Sterling.  Second, Sterling used telephone conversations and its own web site to make false representations and false promises to its customers.”

“Sterling has knowingly benefitted from false representations made by web sites and blogs, including “The GET Team.”

“24. The GET Team, which is led by an individual known as TerryK, runs an internet chat room and weekly conference calls in which information about the Iraqi dinar is discussed.  During those chats and conferences, TerryK spreads false information suggesting that the revaluation is about to occur.”

“25.In a September 13, 2010, email, TerryK introduced himself to Rhame:  Ty, My name is TerryK, I own the worlds [sic] largest Dinar web site going….we have currently 7200 members and currently we hold two calls a week with about 1500 on the call and 100’s if not 1,000’s on skype listening in…what I would like to do is open a discussion with you and maybe have you on a call this coming wed night.  It starts at 9pm and thought maybe 10-15 min on how you operate, how to cash in with your firm and then a question and answers session….let me know via email [sic].   terryk.”

“26.Thereafter, beginning at least as early as 2011, Sterling began making monthly payments in the amount of $4,000 to TerryK.  In total, Sterling has paid TerryK more than $150,000 since 2011.

“27.Since TerryK’s 2010 email, Sterling employees, including Bell and Rhame, have routinely spoken on the GET Team’s weekly conference calls.  For example,”

“28.In the GET Team chat room and during the weekly conference calls, TerryK also passed along false information purportedly received from sources about the revaluation of the Iraqi dinar and other currencies (such as the Vietnamese dong).

a.For example, on the January 8, 2014, conference call, TerryK stated that a source at Wells Fargo said that it would take at most 10 to 15 minutes to process the exchange of Iraqi dinar.

b.Additionally, on the March 12, 2014, conference call, TerryK stated that a source at Wells Fargo had told him “it” was supposed to happen but that the time kept changing.

c.Likewise, on the April 16, 2014, conference call, TerryK said that he had heard from the “UST,” a reference to the U.S. Department of Treasury, that the rate was good and that everything would be released that week.”

“29.On June 3, 2015, TerryK acknowledged during an interview with the Federal Bureau of Investigation (FBI) that he had fabricated source information on GET Team online postings and conference calls.”

“30.In fact, the U.S. Department of Treasury is not preparing and has never prepared for an Iraqi dinar revaluation.   31.Similarly, Wells Fargo does not trade in the Iraqi dinar and also warns its customers not to invest in it.  In fact, a publicly available Well Fargo Advisors Memorandum dated March 10, 2014, states that Wells Fargo is not preparing for an Iraqi dinar revaluation and has no plans whatsoever to exchange the Iraqi dinar.   32.Moreover, a November 7, 2011, email exchange between TerryK, Rhame and Bell confirms that TerryK and Sterling have sought to keep the specific nature of their relationship secret.   a.On that date, TerryK sent an email to Rhame and Bell that read:  I want to make sure that our arrangement is between us and no one else…As no one else needs to know about our arrangement…   Please confirm…   Thanks for all you guys do... [sic]” b.Bell’s reply, sent that same day, read, “Absolutely noone [sic] but us [sic].” 33.Although on May 28, 2015, Bell represented to the FBI during an interview that Sterling maintains a “firewall” between itself and revaluation promoters, email records belie his assertions.  a.For instance, on May 2, 2012, TerryK sent an email to Bell that read as follows:  Case 1:15-cv-02032-LMM   Document 2   Filed 06/09/15   Page 22 of 48

23 You should have gotten a lot of business on the reserves the past week, been pushing it hard on the site bro…..make sure TY is not selling dinar from the middle table that one is mine.….[sic]” Bell’s reply, sent the following day, read, “TK, Will do, thanks for your support.”  b.Likewise, on March 11, 2013, TerryK sent Bell an email that read,  FYI Received payment today, thanks for following up..What else can I do to help sales for your team? Just let me know buddy, I will be in the room later today to get some things moving as well [sic]. c.Also, on July 22, 2013, TerryK sent Bell an email reading as follows:  Frank, please find attached the banner invoice for the month of August 2013, I trust things are going well, as we keep promoting the heck out of Sterling.. [sic] If there is anything you need let me know.”

“34.On June 3, 2015, Bell acknowledged to FBI agents that Sterling should not have continued to do business with the dinar promoters.”

You can read the civil complaint in full by clicking on the link below

http://www.docdroid.net/132iq/doc-2-6-9-2015-amended-complaint.pdf.html

Channel 2 goes into further details about this case. Check out the next link

http://www.wsbtv.com/news/news/local/feds-move-seize-mansions-planes-company-selling-ir/nmZy5/

Conclusion

As usual, I have a few observations. The first one is the fact that this is just a civil complaint from the Department Of justice. I strongly suspect that criminal charges may soon follow.

The second observation is that the government has finally acknowledged that the revalue is not going to happen and marketing the dinar on such a notion is not only untruthful, it is outright fraud. So much so that the government has been keeping intimate details on email records from various dealers at the very least since 2010. If I was a dealer and I had pumpers on the payroll I would be very worried at this point. Because more than likely the government is watching those dealers too and it decided to move against one of the biggest ones first.

My third observation is that the government moved against Puerto Rico and Sterling at roughly the same time. Although the civil complaint is dated the 9th. The raid from channel 2 news has a date of June 3rd. That is the same day that the government moved on Puerto Rico. Both raids happened at 7 am. Both raids involved the IRS and the FBI. So my question is obvious. Are these two Raids connected? Did SCG have any involvement with the Puerto Rico dinar business? I am not saying that they did and I do not know, but this is one hell of a coincidence!

My fourth observation is that this was just a few days after Tony’s sentence. Tony once said that he worked for Sterling on a conference call. I heard it myself. Another point is that his reduced sentence was very light for a plea bargain. He was looking at about 21 years for each count and he had 4 counts. He was also looking at a 250,000 dollar fine for each count. His sentence was greatly reduced. They dismissed 3 counts and only convicted him on 1 count. He has no fines to pay, and he is only serving 1 year and one day in jail. This is according to his sentence. Look at the last post to verify. This reduction is a lot more than what you would normally get in any plea bargain deal.

Is the reason for this due to information Tony provided about Sterling Currency Group? He had a banner for Sterling on his site. In the end I don’t know for sure, but consider the timing of the events and it would be easy to conclude that this goes beyond coincidence. Notice that Bell said “dinar promoters” as in more than one? In the end I really don’t know for sure.

When the BH group went down it was 6 months before we knew anything about what was going on. I think as time goes on more details will be revealed.

My fifth and final observation is that SCG is not the only dinar dealer that has paid gurus. I am not going to name any names but I know there are others as well. Will the same thing happen to them? Is Sterling the beginning of a process that will shut down dealers and thus remove liquidity for the dinar? Although I will say that I don’t keep tabs on every dealer, and even though there may actually be some honest ones out there, I know of a few that are not. They have pumpers too and those dealers know who they are. I would be worried if I were them.

I was telling the truth all along. The dinar investment is a scam, dealers won’t be around if Iraq redenominates, there is 30 trillion in dinar sitting outside of Iraq’s borders, this current dinar scam bears many similarities to the same scam Iraq did with the Swiss dinar, dinar has been exported all over the world in many different countries, and Iraq was exporting their currency which caused their reserves to grow at an abnormal rate!

When you stand back and look at the big picture you’ve got to ask yourself one question. Why did it take the government so long to do anything about this scam? Well now it looks like they have been building cases the whole time! Just how many cases has yet to be determined. In the end justice may come slowly, but when it finally arrives it will be quick and severe.

Just a final note to all you fake dinar pumpers who pretend to be Christians so you can take credit for boosting your sales. I have heard you pray on conference calls in the name of the Lord and I have heard you ask for God’s blessings when all the while you knew this thing was a scam! I caught you in lies! You targeted the Christian community in an effort to put money in your own pocket. Your judgement day is approaching too! Let me share one scripture with you.

Galatians 6:7-9King James Version (KJV)

7 Be not deceived; God is not mocked: for whatsoever a man soweth, that shall he also reap.

8 For he that soweth to his flesh shall of the flesh reap corruption; but he that soweth to the Spirit shall of the Spirit reap life everlasting.

Due to the emotionally charged nature of this topic all comments will need to be reviewed and approved before they are posted. I will approve your comments as quickly as possible should you decide to leave one.

If you purchased dinar please note the following form below.

https://forms.fbi.gov/iraqi-dinar-investment-investigation

 

 

 

 

Sowing and Reaping

I have made a very strong case on this blog as to why the Iraqi dinar cannot possibly revalue. Those who cannot see it at this point are probably the ones who don’t want to see it. This may be because they are over leveraged. They went way overboard on this so-called investment. They don’t want to believe that there will be no revalue because if they accept that, then the next logical conclusion is they will lose all hope for their current situation. The dinar may serve as their only hope for what may appear to be a way out.

Throughout the course of this roller coaster ride known as the dinar there have been many people lying through their teeth. The agenda was simple. These people were making money off of a gullible public who knew nothing about economics. Their goal was to trick people into believing in a massive revalue of Iraq’s currency.

The money from this scam was made several different ways. Money was made through commissions and kickbacks from various dealers. Money was also made through VIP programs and newsletters. It was also made through forums and websites. Money was also made through group conference calls that these guys hosted. All of this hype about the dinar was spread through these programs. It just so happens that spreading the hype became profitable.

These guys became known as Gurus because they presented their research and themselves as being all-knowing about the currency. There were those such as myself and others that actually believed in the investment and thought it was genuine. We also did our fair share of research. The only problem was my research was based on how currency actually works. I would have saved a lot of time and heart ache if I focused on the lies being told rather than trying to understand economics in general. I should have verified everything being said. Not everyone doing research was a Guru. The Gurus were these larger than life characters who seem to have all the answers. Later on many of these guys were exposed through a website known as dinar douchebags.

dinarThose who over leveraged and thought they would get rich quick followed everything these Gurus said, and they accepted all the lies as though it was the gospel truth. It did not matter what facts you put up. Facing the truth also meant facing reality. This was just too painful and scary for some people. No one was going to get rich except the dealers and the Gurus.

One such person/guru was a man by the name of TNT Tony, AKA Anthony Renfrow. This guy said a lot of things that were just false and he had no way to back up his claims. He gathered together a huge following. He had a campaign that most people remember as “we are the people, release the RV”! This cry which came from him and his followers on twitter resulted in an article produced and written by the BBC. This did not stop new sheeple from following him, and this get rich quick scheme still began to gain some momentum because of this release the RV campaign.

Now it seems that judgement has finally come for TNT tony. Before the dinar scam Tony was involved in something called 14 Daily Plus. Check the link below

http://www.ripoffreport.com/reports/directory/tony-renfrow

Here are links where you will find the government’s indictment against Renfrow

https://www.docketalarm.com/cases/Kansas_District_Court/2–12-cr-20041/USA_v._Renfrow_et_al/1/

The quotes below are from the indictment

“12. During the period from in or about March 2006, to in or about May 2007, in the District of Kansas and elsewhere, RENFROW and FOX, together with each other and others, both known and unknown to the Grand Jury, knowingly devised a scheme to defraud individuals to join 14DailyPlus.com as “investors,” and to obtain money and property by means of material false and fraudulent pretenses, representations and promises made to individuals to convince them to join 14DailyPlus.com.

13. It was part of the scheme to defraud and to obtain money and property by” means of material false and fraudulent pretenses, representations, and promises, and in furtherance of it, that the defendants knowingly and intentionally engaged in and caused the following activities:

a. Recruited individuals to become investors in 14DailyPlus.com, when in truth and in fact there was no investment vehicle;

b. Enticed purported investors with the promise of a 14% daily return on the purported investment, when in truth and in fact such a return was completely unrealistic;

c. Falsely promised a return on the purported investment to be realized by merely clicking on certain web pages for a limited amount of time each day;

d. Recruited additional “investors” used as the basis for the individuals to receive the “return” on the original “investment,” when in truth and in fact no such returns were made to the “investors”;

e. Solicited “investment” funds to be paid in cash up to $9,000, which made the tracing of funds more difficult and avoided currency transaction reporting requirements;

f. Regularly conducted conference calls via telephone and Internet for recruitment of new “investors” and conveying assurances of the program, when in truth and in fact, these were utilized to lull the individuals into believing the program was a legitimate investment vehicle; and

g. Promised returns on the “investments” despite having no secured method to process payment of the investment returns.

During the course of this indictment many people stood up for Renfrow. Over the course of several conference calls various people said, “Leave Tony alone, let him have his day in court. We should not judge him until we see the outcome.” It was believed by some that Tony would be vindicated. Meanwhile this was used as an excuse to spread his lies and present this false information as “intel”! This only served to promote false hope within the dinar community and gain new investors. While some people were on to him, others defended him.

Well as it turns out, Renfrow had his day in court. Instead of fighting it as some had claimed, he actually admitted guilt. He entered into a plea agreement which was filed on May 21st 2015. This plea agreement is only for one count of the indictment. You can download a copy of this agreement by clicking on the link below

http://kiwi6.com/file/p4caonjudt?autostart&utm_campaign=hotlink&utm_source=http%3A%2F%2Fwww.truthcall.com%2Ftony.html&utm_medium=rand&utm_content=p4caonjudt

Let’s read some quotes from the plea agreement

Judgement and Sentence

By entering into this plea agreement, the defendant admits to knowingly committing this offense, and to being guilty of this offense. The defendant agrees to plead guilty by May 21, 2015. The defendant understands that the maximum sentence which may be imposed as to Count I to which the defendant has agreed to plead guilty is not more than twenty years of imprisonment, a $250,000 fine, three years of supervised release, restitution as determined by the Court, forfeiture, and a $ 100 mandatory special assessment. The United States agrees to move to dismiss the remaining counts of the indictment at the time of sentencing.

This means that the rest of the charges are dismissed

2. Forfeiture of Assets: The defendant agrees to the imposition of forfeiture judgment against him in the amount of $ I .676 million which sum represents proceeds obtained through the scheme charged in Count l.

The Plea agreement also says

The “investors” were recruited through these ploys and encouraged to either deposit their “investment” into one of the defendant’s accounts with Bank of America or wire-transfer funds into the defendant’s account. alliteratively, codefendant Fox encouraged “investors” to provide him with cash. At least six “investors” provided approximately $195,000 cash to codefendant Fox as part of this scheme. At least twelve investors deposited or wire-transferred approximately $170,000 into the defendant’s bank accounts, and the defendant then used the funds for personal expenditures with multiple monetary transactions involving proceeds of the wire fraud in excess of$10,000. At least 202 “investor” victims have been identified, who lost approximately $ I .676 million.

The parties propose, as an appropriate disposition of the case, a sentence of not greater than 1 year and 1 day in prison on count 1; three years of supervised release; no fine; restitution as determined by the Court; forfeiture judgment of $ I .676 million; and the mandatory special assessment of $100.

So it looks like tony will also get a year of jail time. People take dinar advice from this guy? He is one of the so-called experts? Maybe we can now safely add falsely claiming a revalue of the Iraqi dinar to his defraud list of charges. We will wait and see if this actually happens as he has yet to answer for any of his dinar pumping.

These are just some of the many types of experts you will find in the dinar community. This investment goes against all logic and reason. For this reason people cling to conspiracy theories such as the Global Currency Reset or GCR.

While there are obvious problems with the dollar, America’s dollar is not going to crash while every other over inflated fiat currency that is backed by the dollar soars in value overnight! This is just too ludicrous to even imagine. If people want to know my opinion and see the research on the GCR, then you can read various posts throughout this site. If you want to know the research in even more detail with all the resources to back it up, then you can get my book from Amazon.

06 GCR-mockup6

If you want to know even more information about Tony’s Plea agreement then download the agreement and read it for yourself. You can also click the following link.

http://www.truthcall.com/tony.html

https://www.youtube.com/watch?v=1c6pAmDw1oQ