ICW Podcast- Dinar Corp part 2

podcast 7Welcome to another podcast From Iraq Currency Watch. In this episode, we will cover part 2 of our discussion that we had on July 16th regarding Dinar Corp and the guilty plea. We also cover an experiment you can do while you listen to this Podcast. You will need a computer with the browser of your choice. You will also need  Microsoft Office or Open Office. Download Open Office from the link below. It is a free program and it can be used in place of Microsoft Office.

https://www.openoffice.org/

As we sat down to talk about recent events over 90 minutes flew by. So instead of taking the whole conversation and putting it into a really long podcast I decided to split it up into  two parts. Each part will provide incredible insight to the dinar community. Those who are still in this investment should follow along with the experiment. So if you are still invested in this thing then tighten your seatbelt because things are about to get really bumpy. Just click on the play button and enjoy the ride.

podcast 4

Disclaimer

The podcast player may not display if you are using Apple’s Safari browser, but it will display in every other browser. This is a problem that is unique to the Safari browser. At this time we provide no support for this problem.

This page loads fine in every other browser and all aspects of the page are visible. Therefore we recommend that you view this site using a different browser. Chrome, Firefox, Internet Explorer, and the new Microsoft Edge browser all work well with this site and the Podcasts.

We recommend that you download one of these browsers for your Apple computer and use it in place of Safari. This is an issue with Safari. It is not a WordPress or an ICW issue.

Recorded on July 16th, 2016

Connecting The Dots

Connecting the Dots (7/26/12)

Connecting the Dots II (9/9/12)

https://iraqcurrencywatch.com/sams-misc-files-bggpoppy/ (March 14, 2013 – Ivy Johnson and Dinar Corp owner (now indicted) Husam “Sam” Tayeh

The Indictment and Guilty Plea

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

https://www.justice.gov/usao-mdal/pr/illinois-man-pleads-guilty-wire-fraud-connection-sales-iraqi-currency

http://www.wmcactionnews5.com/story/32425959/illinois-man-pleads-guilty-to-wire-fraud-in-al

Defending The Faith

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

The Truth About The Global Currency Reset

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

Economics BVAWE

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

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

Free Guitar Lessons

http://www.marcuscurtismusic.com/free-guitar-lessons/

Jew and Greek

http://jewandgreek.com/

ICW Podcast-Dinar Corp part 1

podcast 7Welcome to another podcast From Iraq Currency Watch. In this episode, we will cover the recent conviction that happened with the leader of Dinar Corp. Sam I Am has a story to share about Dinar Corp that he kept hidden for a long time. Now that the conviction has happened he can freely talk about it. As we sat down to talk about recent events over 90 minutes flew by. So instead of taking the whole conversation and putting it into a really long podcast I decided to split it up into  two parts. Each part will provide incredible insight to the dinar community. So if you are still invested in this thing then tighten your seatbelt because things are about to get really bumpy. Just click on the play button and enjoy the ride.

podcast 4

Disclaimer

The podcast player may not display if you are using Apple’s Safari browser, but it will display in every other browser. This is a problem that is unique to the Safari browser. At this time we provide no support for this problem.

This page loads fine in every other browser and all aspects of the page are visible. Therefore we recommend that you view this site using a different browser. Chrome, Firefox, Internet Explorer, and the new Microsoft Edge browser all work well with this site and the Podcasts.

We recommend that you download one of these browsers for your Apple computer and use it in place of Safari. This is an issue with Safari. It is not a WordPress or an ICW issue.

Dinar Corp part 1

Recorded On July 16th, 2016

Here is a list of Podcast links that are mentioned in this Podcast

Connecting The Dots

Connecting the Dots (7/26/12)

Connecting the Dots II (9/9/12)

https://iraqcurrencywatch.com/sams-misc-files-bggpoppy/

The Indictment and Guilty Plea

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

https://www.justice.gov/usao-mdal/pr/illinois-man-pleads-guilty-wire-fraud-connection-sales-iraqi-currency

http://www.wmcactionnews5.com/story/32425959/illinois-man-pleads-guilty-to-wire-fraud-in-al

Defending The Faith

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

The Truth About The Global Currency Reset

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

Economics BVAWE

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

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

Free Guitar Lessons

http://www.marcuscurtismusic.com/free-guitar-lessons/

Jew and Greek

http://jewandgreek.com/

Another Dinar Dealer Will Be Sentenced!

scam-alertAround the same time that Sterling Currency Group was shut down another dinar site vanished from the internet. The Dinar Corp site vanished from the internet with little commentary on what was going on. The FBI seized the site and preserved their documents. What really happened?

“The U.S. Commodity Futures Trading Commission (CFTC) today announced the unsealing of a civil enforcement action filed in the U.S. District Court for the Middle District of Alabama, charging Husam Tayeh of Oak Lawn, Illinois; Dinar Corp., Inc. (DCI), a Nevada corporation; and My Monex, Inc. (Monex NV), a Nevada corporation (collectively, the Defendants), with operating a fraudulent scheme involving foreign currency (forex), and failing to register with the CFTC as required by federal law. The CFTC Complaint further names Theodore S. Hudson, II and his company My Monex, Inc., an Alabama corporation (Monex AL), both of Dothan, Alabama, as Relief Defendants.”

Reading through the indictment many things came to light, but Iraq Currency Watch withheld commentary. The reason for this was because Dinar Corp had a bad habit of suing those who put negative comments about them on the internet. We have tangled with them before. I will go into a little more detail.

scam 2Sterling Currency Group was not the only dinar dealer that had a paid network of gurus. Dinar Corp had a network of gurus as well. Dinar Corp would sue individuals for making negative statements even if those statements were true. The idea was to shut down the person giving them a bad review. In many cases, they just threatened to sue and that was enough to get things removed from the internet.

The site Baghdad Invest can be a witness to this if they choose to do so. It did not matter if the information was true. The idea was to use the legal system to create a financial hardship to those who revealed anything about them. Their guru/pumper network would refer to this as shutting people down. This kind of lawsuit is called SLAPP.

A strategic lawsuit against public participation (SLAPP) is a lawsuit that is intended to censor, intimidate, and silence critics by burdening them with the cost of a legal defense until they abandon their criticism or opposition. In the process, Dinar Corp would settle by gaining websites ownership or removal of content. But the owner of the site would be punished by spending anywhere from seven to twenty thousand dollars on a legal defense.

https://en.wikipedia.org/wiki/Strategic_lawsuit_against_public_participation

These kinds of lawsuits are illegal in many states, but before you would be able to recoup any money, you would spend around seven thousand or so before you could even prove that you were dealing with a SLAPP case. Even then your money would be tied up for a while before you could recoup your losses. That is, if you recouped anything at all. So before the losses got too big most people would settle without receiving anything for their legal expenses.

The problem here was Dinar Corp had deep pockets and they could tie up anything they wanted even if they had no civil legal basis to do so. So they could threaten anyone and everyone. I don’t believe anyone was off limits.

When Dinar Douchebags was in operation someone entered a comment about Dinar Corp. They contacted Sam and demanded that he close his blog down and provide the names of everybody who contributed to his site. He never replied to them and a few months later they asked him to remove the comment and he complied with their request. The only problem was Dinar Douchebags was ranking in the Google search engine along with Dinar Corp. They subpoenaed Google and Yahoo for the records to Sam’s site. Sam used Blogspot (Google) and he had a Dinar Douchebag Yahoo email address. Once they got that information they released it to their pumper network and they went right to work. Doc Dinar started a post on Dinar Vets revealing the identity of Sam I Am. This was information that they received through their subpoenas.

Both Sam and myself were threatened in that DV post. We were going to be next on the litigation list. They sent Sam a subpoena to hand over his computer records so they could look through them. It was at that time we retained an attorney and quashed the subpoena, thus ending their fishing expedition.

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The irony here is they said that Rod Saunders was facing criminal charges when in fact it was Dinar Corp that would wind up facing charges a couple of years later. I was mentioned in the same post even though at the time I had nothing to do with Sam’s blog site. I was going to be shut down along with Sam I Am because we were affecting sales and we came up high in the search engine results.

http://dinarvets.com/forums/index.php?/topic/148456-douchebags-exposed-criminal-charges-pending/

They were using criminal precedence to obtain civil subpoenas. Then they were making that information public through their guru network. Only law enforcement had the right to use the subpoena in this way. At least this was what our legal counsel said. Publishing  private information obtained in a subpoena for civil purposes was a big no no!

I gathered a war chest and some legal background.  We had lined up a great attorney and we were ready for battle. The idea here was to move any suit to Oklahoma through a change of venue and then counter sue. Next we would reveal any records they had through discovery. Dinar Corp decided not to pursue it any further. In the end, we were glad everything remained outside the court system.

Needless to say, we were happy to see their site shut down in 2015

“The CFTC Complaint was filed under seal on July 27, 2015, and that same date U.S. District Judge Myron H. Thompson issued an emergency Order freezing and preserving assets under Defendants’ and Relief Defendants’ control and prohibiting them from destroying documents or denying CFTC staff access to their books and records. The Court scheduled a hearing for August 10, 2015, on the CFTC’s separate motion for a preliminary injunction.”

But that is not the end of the story

“Tayeh created and operates DCI and Monex NV, business entities that he uses to facilitate the Defendants’ fraudulent activities and that act as the counterparty(s) in the subject agreements, contracts or transactions in forex. Defendants operate their fraudulent scheme via the Internet through the use of their website, by offering, and entering into, transactions in forex with non-ECP retail customers that are leveraged, margined or financed by the Defendants, and that result in actual delivery of forex – if at all – within periods of not less than 15 days and as much as 120 days following the date of the transaction(s).

The Complaint further alleges that in furtherance of the fraudulent scheme, Tayeh, individually and on behalf of DCI and Monex NV, made, and continues to make, material misrepresentations and omit material facts in solicitations to actual and prospective customers via the website, including but not limited to: (1) representing that DCI operates a “fully licensed and fully compliant licensed money services business” but failing to disclose that DCI has been served with cease and desist orders in the states of Texas and Illinois for operating without required licenses; (2) representing that DCI and Monex NV provide the “best price guaranteed” and the “best prices up front all the time” but failing to disclose that the forex transactions they offer to retail customers include significant finance charges; (3) failing to disclose that DCI and Monex NV are each operating as a registered foreign exchange dealer (RFED) without being registered with the Commission as required; and (4) failing to disclose that Tayeh is acting as an associated person (AP) of an RFED(s) without being registered with the CFTC as required. Relief Defendants Hudson and Monex are alleged to have accepted funds from the Defendants to which they have no legitimate claim.”

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

Now it has just come to my attention that Husam Usama Tayeh, 36, of Oak Lawn, Illinois, the owner of Dinar Corp, pleaded guilty to committing wire fraud! In the announcement of the conviction this comment was made by law enforcement authorities

“Mr. Borg of the Alabama Securities Commission added, “the Iraqi Dinar ‘investment opportunity’ is a scam that has existed for more than a decade and has regained some of its former popularity.”

I told everyone this was a scam in 2012. We took a lot of heat for exposing this thing. The more heat we took the more I was determined to expose it.

“At some date in the coming months, Chief United States District Judge W. Keith Watkins will sentence Tayeh.  At the sentencing hearing, Tayeh faces a maximum sentence of 20 years’ imprisonment as well as a fine.”

Now the government needs to round up some of these gurus. They should not get away with the profits they made from supporting this currency scam. They played a vital role in keeping this whole thing going! They are just as guilty of fraud!

The following sites have been sponsored by Dinar Corp, and have (or had) gurus/pumpers who have been promoting this idea of an impending substantial revaluation for several years.
 .,m
Dinar Updates (BGG & Poppy)
Dinar Detectives (Doc Dinar & SWFG)
StarDogger
Stryker Blog (Stryker)
People Invested (Fresh & Millionday)
Currency Chatter (Randy Koonce)
Dinar Discussions
PTR/People’s Talk Radio (Dan Atkinson)

Check out the guilty plea below

https://www.justice.gov/usao-mdal/pr/illinois-man-pleads-guilty-wire-fraud-connection-sales-iraqi-currency

http://www.wmcactionnews5.com/story/32425959/illinois-man-pleads-guilty-to-wire-fraud-in-al

Check out indictments and other court documents from this case

Sterling’s Legal Defense

ICW-YouTube-18Last year on June 3rd 2015 The FBI raided Sterling Currency Group. This led to a civil complaint which was filed on June 9th 2015. I made a few predictions regarding this legal action. I said that an indictment was probably coming. I also said that it was at least 6 to 8 months after the raid on the BH Group before we saw any real legal action taken. So it should be roughly the same amount of time before we see anything happen to SCG. See the Civil Complaint below

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

Read my comments about the Civil Complaint below

https://iraqcurrencywatch.com/2015/06/12/the-scammers-and-the-pumpers/

scam-alertOn February 10th of 2016 the Grand Jury issued an indictment containing 24 counts. The men listed in the indictment are Tyson Rhame, James Shaw, Frank Bell, and Terrence Keller, who is also known as “TerryK. This is just the start of many legal documents that were compiled including arrest warrants, hearings, and pleas entered into the court. To view a list of all the court documents from February 10th to March 18th click the link below.

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

All 4 men pleaded not guilty and are currently released. So now we will watch as these men go to court to make their case. Here are some observations regarding the indictment. I will quote directly from the indictment filed on February 10th 2016.

“1.Beginning in or about 2010, and continuing to on or about June 3, 2015, in the Northern District of Georgia and elsewhere, the defendants, TYSON RHAME, TERRENCE KELLER, also known as TerryK, JAMES SHAW, and FRANK BELL, did knowingly and willfully combine, conspire, confederate, agree and have a tacit understanding with each other and with others, both known and unknown to the Grand Jury, to devise and intend to devise a scheme and artifice to defraud, and to obtain money and property, by means of materially false and fraudulent pretenses, representations, and promises, and by the omissions of material facts, well knowing and having reason to know that said pretenses were and would be false and fraudulent when made and caused to be made and that said omissions were and would be material and, in so doing, caused the United States Postal Service and other interstate carriers to be used, and interstate wire communications to be made, in furtherance of the scheme and artifice to defraud, in violation of Title 18, United States Code, Sections 1341 and 1343”

Here we see a broad overview of the indictment.

“3. 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.”

Now we see that Rhame and Shaw were operating since 2004 shortly after Iraq redenominated their currency. They were among some of the first dealers to emerge. Frank Bell came on board in 2010.

“4. Sterling’s sales were primarily derived from three sources: (1) dinar and other currency sales to individual customers, (2) non-refundable and refundable “layaway orders” whereby customers could put a percentage of money down for the full purchase price of the dinar and other currency, and orders from entities that purchased the dinar and other currencies in bulk (who were, at various times of the conspiracy, referred to as “high-value customers”, “high-risk customers”, “resellers”, and “agents”).”

Now we see that resellers also purchased through SCG. My guess is probably shortly after they began to sell the currency others purchased it and resold it.

“5. “The GET Team” was the trade name for a group of individuals, led by TERRENCE KELLER, also known as TerryK, who ran 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 maintained operational control over The GET Team, including its finances and revenue, through a Kentucky corporation named “TCB Group.”

So Terry K controlled the finances of the get team through the TCB Group. Here is more from the indictment

Manner and Means

“6. During the time period of the conspiracy, the Iraqi dinar was touted by some as a potential investment opportunity. For example, in 2010, Sterling’s website, which contained videos featuring RHAME and articles written by RHAME, described the potential for the Iraqi dinar to increase in value. Additionally, information publicly available on certain internet websites, blogs, chat rooms, and conference calls fueled the 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 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.”

So now we see a currency dealer marketing the dinar as an investment. The MSB license that many of these dealers have does not allow them to do this. They must have an investment license.

“7. TERRENCE 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 falsely claimed to have information from, and verified by, high-level confidential sources in the United States government, the Iraqi government, international organizations, and major financial institutions, regarding an imminent “RV.””

All of Terry K’s high level sources were bogus? Say it isn’t so! This is the case with every guru out there that is getting a kickback.

“8. Sterling was one of the largest sellers and currency exchangers of the Iraqi dinar in the United States. Beginning at least as early as 2010, Sterling’s business revenue was driven in part by the investment advice touted by TERRENCE KELLER and others, both on the internet and on participating conference calls In fact, TYSON RHAME, JAMES SHAW, and FRANK BELL, through Sterling, began advertising with The GET Team through a web banner placed on The GET Team’s website. A Sterling representative also participated in The GET Team’s internet forum and on conference calls with followers. At various times, RHAME and BELL personally participated in The GET Team’s conference calls. Followers of The GET Team were on occasion offered a discount coupon and sale price to purchase Iraqi dinar from Sterling.”

I wonder who else participated with Rhame and Bell on conference calls?…

“9. TERRENCE KELLER induced followers of The GET Team into believing his claims about the imminent “RV” of the Iraqi dinar, and about his access to high-level confidential sources, by making material misrepresentations and by omissions of material facts. For instance, KELLER did not have information from, or contact with, high-level confidential sources. Additionally, KELLER claimed directly and indirectly to followers of The GET Team that he had no financial or other ulterior motive to promote the Iraqi dinar as an investment, but rather, that he was simply disseminating his knowledge and information so that others could benefit from it as well. Religious and patriotic themes were often interwoven into The GET Team’s conference calls and internet forums, further solidifying the perception that KELLER was honest, credible and could be trusted.”

I have said since day one that the dinar scam was marketed to Christians and patriotic Americans. This indictment proves my point!

“10. In truth, TERRENCE KELLER had a secret arrangement with TYSON RHAME, JAMES SHAW and FRANK BELL to promote and “pump” the Iraqi dinar in exchange for payments made by Sterling to benefit KELLER. KELLER, RHAME, SHAW, and BELL knew and believed that representations concerning an imminent “RV” of the Iraqi dinar, particularly claims that the information came from one or more supposed high-level confidential sources, would boost sales for Sterling.”

“11. TERRENCE KELLER affirmatively told his followers that he did not make substantial profits from his dealings with Sterling and other dinar dealers. In actuality, since at least as early as August 2011, Sterling paid KELLER over $160,000. Additionally, since Sterling’s partnership with KELLER began in late 2010, KELLER received dinar specials, extensions on layaway sales, and other material benefits from Sterling. Separate from this, KELLER received over $100,000 from at least one other dinar dealer. KELLER consistently downplayed all of these financial benefits to his followers and listeners.”

WOW that’s over 260 thousand dollars that Terry K received just for lying about the dinar and claiming he had high level contacts.

“12. The correlation between Sterling’s increased sales and TERRENCE KELLER’S promotion and “pump” of the Iraqi dinar was further cemented by the presence of a Sterling representative and other dinar dealer representatives, including, at times, TYSON RHAME and FRANK BELL, on The GET Team’s conference calls and internet forums. At various times, RHAME, BELL and other Sterling representatives participated in conference calls and internet forums in which KELLER made representations to followers concerning the imminent Iraqi dinar “RV”, his access to high-level confidential sources, and claims that he was just trying to be helpful and received no financial benefit for providing this information to others.”

13. The presence and participation of TYSON RHAME, FRANK BELL, and other Sterling representatives on The GET Team’s conference calls and internet forums provided further validation to followers that KELLER’s claims about an imminent “RV” of the Iraqi dinar should be believed. While making no direct representations about the likelihood of an “RV” themselves or offering investment advice to potential investors, RHAME, BELL, and other Sterling representatives assured listeners on The GET Team’s conference calls that Sterling was prepared to handle the high volume of Iraqi dinar exchanges that many investors expected would occur immediately after the “RV.”

14. Since at least as early as 2011, RHAME, SHAW, AND BELL established financial relationships with additional promoters, both known and unknown to the Grand Jury, who promoted the notion of an Iraqi dinar revaluation.”

I wish I knew who these additional promoters, gurus, and pumpers are. Will any of them testify in court?

“15. TYSON RHAME, JAMES SHAW, and FRANK BELL knew and believed that many of Sterling’s customers relied upon information from TERRENCE KELLER and these other promoters when making investment decisions regarding the Iraqi dinar, and that much of the information being disseminated by KELLER and the other promoters was materially false. For one, RHAME, SHAW, and BELL never believed that KELLER or the other dinar promoters had the types of high-level sources they repeatedly claimed to have. Furthermore, at the same time that RHAME, SHAW, and BELL told their employees not to speculate or offer investment advice to customers, they knew that KELLER and the other promoters would continue to spread false information about the dinar.

16. TYSON RHAME, JAMES SHAW, and FRANK BELL knew and believed that the pumping activities of TERRENCE KELLER and other dinar promoters (who were oftentimes called “bloggers”) were essential to Sterling’s financial success. In November 2010, SHAW told an individual that Sterling was the “second largest in US but have been making ground up as we now have the bloggers singing our praises. Almost a little cult like.” In December 2010, RHAME told colleagues that KELLER and the GET Team “push 80% of our business these days.” By December 2011, the relationship w i th KELLER had grown so strong that, in an internal Sterling email, BELL referred to The GET Team as Sterling’s “largest referrer.” RHAME, SHAW, and BELL knew and believed that the relationships with KELLER and the other dinar promoters continued to generate Sterling millions of dollars in dinar and other currency sales throughout the course of the conspiracy. All in violation of Title 18, United States Code, Section 1349.”

scam 2So people think Terry K and others give an appearance of independent analysis and claim that there is going to be a revalue, but all the while these pumpers are being paid to lie by Sterling. I have said that many of these bogus pumpers/gurus are being paid by the currency dealers to lie and promote their business! Now for the fist time I see proof in this indictment.

Counts Two Through Seven
Mail Fraud
(18 U.S.C. §§ 1341 and 2)

“17. The Grand Jury re-alleges and incorporates herein by reference the factual allegations set forth in paragraphs 2-16.

18. On or about the dates listed below, within the Northern District of Georgia, the defendants, TYSON RHAME, TERRENCE KELLER, also known as TerryK, JAMES SHAW, and FRANK BELL, aided and abetted by each other and others known and unknown to the Grand Jury, for the purpose of executing and attempting to execute the above-described scheme and artifice to defraud, knowingly and willfully caused to be delivered the following mailings to the Sterling customers identified by initials below, by the Postal Service and by private and commercial interstate carrier:”

Counts Eight Through Eleven
Wire Fraud
(18 U.S.C. §§ 1343,1349, and 2)

“19. The Grand Jury re-alleges and incorporates herein by reference the factual allegations set forth in paragraphs 2-16.

20. On or about the dates listed below, within the Northern District of Georgia, the defendants, TYSON RHAME, TERRENCE KELLER, also known as TerryK, JAMES SHAW, and FRANK BELL, aided and abetted by each other and others known and unknown to the Grand Jury, for the purpose of executing and attempting to execute the above-described scheme and artifice to defraud.”

Count Twelve
Money Laundering Conspiracy
(18 U.S.C. § 1956(h))

“21. The Grand Jury re-alleges and incorporates herein by reference the factual allegations set forth in paragraphs 2-16.

22. Beginning in or about 2010, and continuing to on or about June 3, 2015, in the Northern District of Georgia and elsewhere, the defendants, TYSON RHAME and JAMES SHAW, did knowingly combine, conspire, and agree with each other and with others, both known and unknown to the Grand Jury, to commit offenses against the United States in violation of Title 18, United States Code, Section 1957, to wit: to knowingly engage and attempt to engage in monetary transactions by, through or to a financial institution, affecting interstate and foreign commerce, in criminally derived property of a value greater than $10,000, such property having been derived f r om a specified unlawful activity, to wit: mail fraud, in violation of 18 U.S.C. § 1341, and wire fraud, in violation of Title 18, United States Code, Section 1343; in violation of Title 18, United States Code, Section 1957. All in violation of Title 18, United States Code, Section 1956(h).”

Terry K is not listed in the following counts

Counts Thirteen Through Twenty-Four
Money Laundering
(18 U.S.C. §§ 1957 and 2)

“23. The Grand Jury re-alleges and incorporates herein by reference the factual allegations set forth in paragraphs 2-16.

24. On or about the dates listed below, within the Northern District of Georgia and elsewhere, the defendants, TYSON RHAME and JAMES SHAW, aided and abetted by each other and others known and unknown to the Grand Jury, did knowingly engage and attempt to engage in monetary transactions by, through or to a financial institution, affecting interstate commerce, as described below, each such transaction knowingly involving criminally derived property of a value greater than $10,000, such property having been derived from a specified unlawful activity, that is mail fraud, in violation of Title 18, United States Code, Section 1341, and wire fraud, in violation of Title 18, United States Code, Section 1343, each transaction constituting a separate count as set forth below:”

Forfeiture Provision

“25. Upon conviction of one or more of the offenses alleged in Counts One Through Eleven of the Indictment, the Defendants, TYSON RHAME, TERRENCE KELLER, JAMES SHAW, and FRANK BELL, shall forfeit to the United States pursuant to Title 18, United States Code, Sections 981(a)(1)(C) and Title 28, United States Code, Section 2461, any property, real or personal, which constitutes or is derived f r om proceeds traceable to the wire and mail fraud offenses or a conspiracy to commit such offenses including, but not hmited to, the following:”

The indictment goes on to list multiple accounts from several financial institutions including Actors Federal Credit Union, Goldman Sachs and Co, J.P. Morgan Chase, Mahopac National Bank, Merrill Lynch, Regions Bank, SunTrust Bank, TD Ameritrade, USAA Federal Savings Bank, Wedbush Morgan Securities Inc., and finally Wells Fargo.

The indictment also seizes everything they have in corporate and trust entities and it proceeds to reveal several of these. The indictment also seizes several real estate properties and it also seizes personal property like aircraft and cars.

The indictment also seizes all the foreign currency that sterling has. Here is the list straight from the indictment. Let’s look at the amount of Foreign Currency they had on hand at the time of the raid. This is from the indictment.

CURRENCY AND MONETARY INSTRUMENTS:

1) a total of approximately 8,671,456,050 in Iraqi dinar seized from 2751 Buford Highway, #403, Atlanta, Georgia on June 3, 2015;
2) a total of approximately 13,317,698,200 in Vietnamese Dong seized from 2751 Buford Highway, #403, Atlanta, Georgia on June 3, 2015;
3) a total of approximately 2,100 in Afghanis seized from 2751 Buford Highway, #403, Adanta, Georgia on June 3, 2015;
4) a total of approximately 100 in Chinese Yuan seized from 2751 Buford Highway, #403, Atlanta, Georgia on June 3, 2015;
5) a total of approximately 1,600,000 in Indonesian Rupiahs seized from 2751 Buford Highway, #403, Atlanta, Georgia on June 3, 2015;
6) approximately 29 silver coins seized from 2751 Buford Highway, #403, Atlanta, Georgia on June 3, 2015;
7) a total of approximately 14,396,403 in Iraqi dinar seized from 4536 East Brookhaven Drive, Atlanta, Georgia on June 3, 2015;
8) a total of approximately 20,000 in Vietnamese Dong seized from 4536 East Brookhaven Drive, Atlanta, Georgia on June 3, 2015;
9) a total of approximately 150,000 in Bank of Mozambique notes seized from 4536 East Brookhaven Drive, Atlanta, Georgia on June 3, 2015;
10) a total of approximately 23,200 in Bank of Egypt notes seized from 4536 East Brookhaven Drive, Atlanta, Georgia on June 3, 2015;
11) a total of approximately 1,000 in Union of Burma bank notes seized from 4536 East Brookhaven Drive, Atlanta, Georgia on June 3, 2015;
12) a total of approximately 1,000,000 in Republic of Iran bank notes seized from 4536 East Brookhaven Drive, Atlanta, Georgia on June 3, 2015;
13) a total of approximately 9,799 in Chinese Yuan seized from 4536 East Brookhaven Drive, Atlanta, Georgia on June 3, 2015;
14) a total of approximately 1,502,600 in Afghanis seized from 4536 East Brookhaven Drive, Atlanta, Georgia on June 3, 2015;
15) a total of approximately 2,450 in Bank of Surtname notes seized from 4536 East Brookhaven Drive, Atlanta, Georgia on June 3,
16) a total of approximately 9,300 in Bank of Yugoslavia notes seized from 4536 East Brookhaven Drive, Atlanta, Georgia on June 3, 2015;
17) a total of approximately 155,000 in Cambodian Bank notes seized from 4536 East Brookhaven Drive, Atlanta, Georgia on June 3, 2015;
18) a total of approximately 500 in Brazilian currency seized from 4536 East Brookhaven Drive, Atlanta, Georgia on June 3, 2015;
19) a total of approximately 1,000 in Bank of Sudan notes seized from 4536 East Brookhaven Drive, Atlanta, Georgia on June 3, 2015;
20) approximately 182 gold coins seized from 4536 East Brookhaven Drive, Atlanta, Georgia on June 3, 2015;
21) approximately 49 silver coins seized from 4536 East Brookhaven Drive, Atlanta, Georgia on June 3, 2015; and
22) approximately $48,718.00 in United States currency seized from 4536 East Brookhaven Drive, Atlanta, Georgia on June 3, 2015.

So now these guys are going to court and they have all pleaded not guilty. Stay tuned because as this makes its way through the legal system there will be more revealed. Let’s hear the government’s case against Sterling Currency Group!