In the fall of 2012 three members of the BH Group (Brad Huebner, Charlie Emmenecker, and Mike Teal) and their cohort in a hedge fund scam Rudy Coenen were all indicted for dinar fraud. Since that time they were all convicted and sentenced. In June of last year we reported the federal civil complaint against Sterling Currency Group in Atlanta and the subsequent raid. Well today that complaint was followed up with four indictments. Ty Rhame, James Shaw, and Frank Bell from Sterling were indicted along with TerryK (Terrence Keller) from the GET Team. (pictured below in order)
Except for the hedge fund these are basically the same charges that the BH Group faced. This is now officially a trend. I believe more indictments are on the way. Marcus and I started writing about these guys and their lies four years ago, and everything we said has been vindicated. The dinar investment is a scam, and the people promoting it are scammers. Feast your eyes on this.
Executives and promoters of Atlanta-based Sterling Currency Group LLC were indicted Monday for their roles in an alleged $600 million scheme to fraudulently induce investors into buying the Iraqi dinar.
According to U.S. Attorney Horn, the indictment, and other information presented in court: During the scope of the conspiracy, the Iraqi dinar was touted by some as a potential investment opportunity. Information publicly available on certain internet websites, blogs, chat rooms, and conference calls fueled this speculation by predicting that a “revaluation” of the Iraqi dinar would occur imminently. A “revaluation” or “RV,” in this context, meant a sudden, exponential rise in the value of the Iraqi dinar as compared to the U.S. dollar and other relatively stable global currencies. Individuals who owned Iraqi dinar would realize potentially enormous gains if an “RV” ever occurred in this manner.
Sterling Currency Group, which also did business as Sterling Online Processing Services LLC and Dinar Banker, was a Georgia corporation with its principal place of business in Atlanta. Sterling sold and exchanged so-called “exotic currencies,” including most predominantly the Iraqi dinar.
Tyson Rhame and James Shaw were co-owners of Sterling, which began operations in 2004.
Frank Bell began working for Sterling in 2010 and became Sterling’s chief operating officer in 2011.
According to the indictment, Terrence Keller, who was also known as “TerryK,” led an Internet-based group known as “The GET Team,” which consisted of a website, an internet chat forum and weekly conference calls in which, among other things, information was disseminated to participants concerning the potential investment value of the Iraqi dinar.
Keller, through The GET Team, was one of the leading internet-based proponents of the “RV” theory. On The GET Team’s website, internet chat forum, and on weekly conference calls, Keller is alleged to have falsely claimed to have information from, and verified by, high-level confidential sources in the U.S. government, the Iraqi government, international organizations, and major financial institutions, regarding an imminent “RV.”
We are in the process of producing more podcasts on this and related material, so stay tuned over the coming days and weeks. It’s getting very interesting.
2 thoughts on “More Dinar Indictments”
Here is the link from the DOJ Atlanta
Thank You jrg for sharing this link!
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