June Update

   Well hello again, everybody.  Here we are in June of 2016 and still no millionaire-creating revaluation.  No Global Currency Reset.  No prosperity packages.  No Treasury Reserve Notes.  No return to asset-backed currencies that will allow Iraq to monetize the oil in the ground.  And no termination of the Federal Reserve or replacement of the US dollar as the international reserve currency, either.  And yet there are people who stubbornly cling to hope that the myths of the RV and the GCR will become reality.
   It doesn’t seem like such a long time ago, but it’s been five years since the dinar world was led to believe that the RV slated for 2010 was held up briefly and the drop dead date was the end of June, 2011.  Which brings me to something I want to share with all of you.
   Dinar Daily has a regular feature called “Five Years Ago In Dinarland“, where you can see what the gurus were saying five years ago about the dinar.  It’s a real eye-opener.  Check it out.
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bluwolf   Last week I learned the name of a guru called Bluwolf that I have been trying to track down for over four years.  He is Miguel Angel Acevedo Ocasio in Arecibo, Puerto Rico.  This guy has been saying the RV is done as long as I’ve been busting gurus.  Here’s a little sample of what he was saying in 2011.
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5-2-2011  Late last night dollar up oil down…Bin Laden last piece of the puzzle…this was the reason for silence.
 
5-4-2011  China stopped selling IQD today….that is confirmed from China. Banks knew a lot of info but couldn’t share much. Banker winked and says Close..VERY CLOSE
 
5-21-2011  my friend just called, his friend exchanged his iqd. for 3+ dollars. they gave him a receipt, to exchange in usa on tues he’s trying to get a copy of the receipt!
 
5-21-2011  friday 10:15 pm pst reset timer,sunday 5:15pm est revealed, monday 9:15am est seen in usa,,,,,,after 2:00pm est when all world banks are aligned anything goes. Screens are changing to green any moment now! Folks I see everything green at this hour and time! [be] EXCITED!!!!!!to the utmost…there are only 3 colors folks and yes it will go green on all bank screens first…
 
5-24-2011  There are 900 world banks & all are ready at this hour, there are no glitches, holdup is of political profile, spotlight issues, 72 hr thing [wait period] was already done, it’s in green so everyone is locked, loaded & ready to exchange.
 
5-30-2011  Seems that we are looking foward to wed. For cashin
 
6-9-2011  other than God, no one can stop it now…Alot of people will resign from the US economics team
 
6-11-2011  We will see 136 countrys come out at the same time…folks this is a big deal its not just Iraq…The imf, ust, un are all pulling in their last strings to get it all out…its happening as we speak
 
6-13-2011  I want to make clear it did rv on the 1st (June)…It rv internally (in country)…In country rv cannot double dip… now we wait for the international part…its a matter of 136 countrys and there alignments and this takes time… Imo today this afternoon (we can see this live on the cbi/forex)
 
6-15-2011  It is not in Iraqs hands anymore no matter what others say. It will just pop up on all bank screens as we speak… Period… the maliki, allawi b,,,,,s is just junk food dont go there… the gift is already here, just wait, for you shall recieve, all info so states it…any minute now. All banks are now ready just waiting to start your cashin
 
 6-16-2011  (via Cessie & Agent007) Sources in island have informed me any minute RV. Imminent. RV today, cashin tomorrow. $x.xx bank rate. For now take as a rumor…UPDATE UPDATE UPDATE…now confirmed
 
 6-17-2011  This thing will just appear, it (will) pop up at any instant ok so don’t break your heads who is going to say what, be prudent, we must monitor all banks to see if its ok to start cashing in…All banks worldwide are ready
 
6-21-2011  Iraq was promise(d) by Kuwait to be help(ed) out of capt 7, if Iraq promise(s) that it will rv alittle more or below Kuwaits actual rate… both Shabibi and Talibani vow to place Iraq to its original value before the war 3.33 no less than that.
 
6-22-2011  It will just pop up. Giving a date would be irresponsible of me. But rest assured, it will not go close to the 30th. Rates locked in and loaded.
 
6-23-2011  …all hands that have delayed this have stepped down, all will pop up now….period. My divine thoughts states it will be today…any second now…5.25 is locked in and loaded
 
 6-25-11  right now people are speaking of cashin today, I am checking out this rumor now…Remember its a rumor until confirmed…the rv is imminent, all other matter is different and not associated with the cashin wish(which) by the way should be underway soon…it is out of Iraqs hands…relax it will be in your hands very soon
 
6-26-2011  Ok the forex already has reconized the dinar, thats a fact not a rumor now, which means that it is on the global scale internationally…period,,,so pending release within hours
 
6-28-2011  All is in order now…IMF accepted them, they went international and the RV is imminent today till thursday…the rate is 5.25 period
 ..
   I realize that we all make mistakes, and we’ve all certainly made mistakes when it comes to the dinar.  But when you keep putting bad information out there on a regular basis day after day, week after week, month after month, and year after year with NO remorse …. well, you’re just a pumper.
bluwolf 2   While I’d like to take credit for tracking him down on my own, the fact is he pretty much outted himself by uploading a video where he announced that the dinar is international now.  When Ssmith at Dinar Daily posted that video I went straight to his YouTube channel and started from there.  Within an hour or so we had his Facebook page, his Google+ page, and lots of other information on him.  My buddy TNTBS tagged his Facebook page and in no time bluwolf’s video was removed.  Standard procedure really, but it was too late.  From there we were able to connect “Pastor Ed” Blais who does prayer conference calls and who is often mentioned on The BIG Call, hosted by Bruce Dawson whom we also recently identified.  Here’s a map of where he was in the video.
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Estatua de la Liberdad

   Gurus beware!  The Guru Hunters are coming.  Hasta la vista, baby!!!

 b373c-sam28229

Who Do You Trust?

On Tuesday May 17 a caller asked Trusts Unlimited conference call host Jim George a few questions about hard currency scams like the dinar, dong, rupiah, and zim.  His responses were very telling.

First, Jim claims that his company contracted currency exchanges with a consortium in Kuwait.  He offered no explanation as to how that would have taken place or evidence that it occurred at all.  When pressed on the issue he claimed to have bought Kuwaiti dinars for 10-15 cents (again, no explanation was provided as to how he did that) and later exchanged them for the official value of about $3.40.  If everything else he said on the call sounded legit that might make this story a bit more believable.  Unfortunately it didn’t.

Jim George

Jim George

When asked about the demonetized and completely worthless Zimbabwe dollar he claimed that it would be a great payout if the zim was reintroduced into circulation in Zimbabwe.  The caller asked him if any demonetized currency in history had ever been restored and he admitted that he didn’t know of one, and that’s why he only holds a small position.  It gets worse from there.
When asked about the dong he suggested that China wants the dong revaluation to take place.  Again, no evidence of that.  This is one of those guru “forum facts” that is offered frequently on these calls with absolutely zero substantiation from any legitimate news or business publication.  The fact is Vietnam’s policy for the dong for several years has been a gradual devaluation to strengthen their position in exporting (see chart here), and that has worked quite well for them.  Their GDP has tripled over the past 10-12 years.
Next, Jim states that he also owns rupiah, the currency of Indonesia.  Currently the rupiah’s value is about $.000075, less that 1/10 of the dinar’s value.  Jim’s rationale for owning it is that Indonesia is in “that same general area”.  Huh?  That’s your criteria, that’s it’s near Vietnam?  Why not own the currencies of Thailand, Singapore, or Malaysia?  I think I know why.  There aren’t enough zeros on those currencies.

It seems clear that the pitch from people peddling hard currencies is that the more zeros they have on them, the greater the potential payoff.  Why don’t you ever hear any of these guys pushing the Russian ruble ($.015 – third largest oil producing nation), the Mexican peso ($.055 – the tenth largest oil producer in the world), the Brazilian real ($.286 – the ninth largest oil producer), or the Saudi riyal ($.27 – the second largest)?  There simply aren’t enough zeros on their currencies to sell anybody on the idea of getting rich quick from a revaluation.  Instead, they offer the Iraqi dinar at $.00086, or the rupiah with one more zero than the dinar, or the dong at $.000045, or the zim at ….. well actually it has no value but you can buy a 100 trillion note for about $70 online.

After that, the caller asks Jim about the dinar being a scam.  Jim’s response is that he feels that the sovereign nation-state of Iraq is going to survive, and in order for them to survive they need to have a viable currency.  He doesn’t define “viable” for us, but the implication is obvious.  The fact is, many countries are doing quite well with a currency that holds a low value compared to the US dollar.  I already mentioned Vietnam, but I could also mention South Korea (15th largest economy in the world) whose currency is valued about the same as Iraq’s.  China is the world’s second largest economy and their currency is worth about 15 cents.  Japan is the world’s third largest economy and the yen is worth about a penny.  Any suggestion that Iraq’s economy is being held back by their currency’s value is hogwash and unsupported by any real facts.  Iraq’s economy is being held back by Iraq.  Sectarian division, a history of war and tyranny, a terrorist organization occupying roughly a third of their country, a poor infrastructure, an economy based 90% on oil revenues with little diversity, and widespread political corruption are much more to blame than the value of the currency.
When the caller then asks Jim how the situation in Iraq is similar to what happened in Kuwait, stating that the Kuwaiti situation occurred in a total of about six months (and Iraq was liberated over twelve years ago), Jim states that from the time the Iraqis invaded Kuwait until they were kicked out was about 18 months.  According to Wikipedia the caller was much closer on this one.  It lasted from 2 August 1990 – 28 February 1991, or 6 months, 3 weeks and 5 days.  In Jim’s response he claims that the two situations were similar in that both countries were invaded.  (Kuwait was invaded by Iraq over a border dispute and the invading forces were removed six months later.  Iraq was invaded by a coalition based on Saddam Hussein’s unwillingness to honor his agreement to submit to inspections, and coalition forces remained for eight years and are still there today as advisors.)  How that is relevant I have no idea.  He then says that the IMF de-pegged Iraq’s currency and then devalued it.  Actually, the dinar’s value declined in the 1980s to the point that the zeros were added.  Shabibi himself stated this when he was in Washington in 2011 (start at 5 minutes in).  All you have to do is go to the CBI website and go to the history page and you’ll see that the dinar was valued at 3000 to the dollar as far back as 1995, eight years before Saddam was overthrown.  The IMF had nothing to do with devaluing the dinar.
Jim then claims that the US holds 4 trillion dinar (again, no evidence).  The caller then informs Jim that court documents show that the US isn’t holding dinar (not for investment purposes anyway … that was in point 15 page 5 in the DOJ document regarding the dinar fraud case against the BH Group back in 2013).  Jim recounts the story of a secret agreement from the Bush era.  (Bush has been gone for over seven years, guy.  And this agreement was supposedly from 2003!  Come on!!!)
Jim then states that the petrodollar is disappearing, and Iraq is the one place where you still have to buy oil in US dollars.  In fact, very few nations have attempted to venture away from the petrodollar system.  Iraq is the rule, not the exception to the rule.
The misinformation and/or disinformation provided in this call (Jim also talked about prosperity packages and claimed that we’re moving toward asset backed currencies) should be sufficient to stop any prospective client dead in their tracks, but this is hardly the only trust procurement company spreading such manure.  They all do it.  A few weeks ago I wrote about Adam Montana and Frank Buck doing this back in 2010, and it’s been going on ever since.  Maybe it’s time we turned our attention away from the revaluation scammers and instead focused on the “buy our stuff before the RV” guys.  Yeah, I think we probably should.
b373c-sam28229

More on Bruce from The Big Call

Bruce DawsonA couple of months ago we provided the dinar community with the name and a couple of photos of Bruce Dawson, host of The Big Call.  This is a twice weekly conference call to keep the dinar scam going by giving the faithful “intel” and Q&A on the dinar, dong, and Zim (the completely worthless former currency of Zimbabwe).  At that time we informed Bruce that we had more info and suggested that he stop defrauding people.  We’re pretty sure that Bruce is aware of the fact that we have his name and background because shortly after we published his name he quit accepting questions during the calls and went to answering emailed questions instead, presumably to avoid inconvenient and awkward confrontations during a live call.  Well, as you might have anticipated he completely ignored us, even going so far as to claim that the GCR was announced in Hong Kong on April 14.

.
This was one month ago, and of course no GCR was announced in Hong Kong or anywhere else.  As for Christine Lagarde, here’s a link to what she actually said in that April 14 CNBC interview.  Lagarde CNBC Interview  You can read a transcript of the entire interview here.  http://www.cnbc.com/2016/04/14/cnbc-transcript-cnbcs-sara-eisen-speaks-with-imf-managing-director-christine-lagarde-today-on-cnbcs-squawk-on-the-street.html  Basically she was just encouraging further economic reforms, but there was nothing even remotely resembling “all countries must revalue by tomorrow”.  That was a complete lie.

So here’s the additional information.  (Our thanks to Rambler Nash from the Dinar Daily site for his help in obtaining this information.)  As you listen to “Pastor” Bruce talk about this “blessing” we’re about to receive keep this in mind.

http://www.oscn.net/dockets/GetPartyRecord.aspx?db=wagoner&cn=TR-1999-04480&id=42589

http://www.oscn.net/dockets/Results.aspx?db=tulsa&number=&lname=dawson&fname=bruce&mname=&ident=&DoBMin=&DoBMax=&partytype=&apct=&dcct=&

Bruce Dawson Record

 

 

b373c-sam28229

Adam Montana and Frank Buck

jameswolfindenver

James “Adam Montana” Wolf

Adam Montana is the owner of one of the most popular dinar forums – Dinar Vets. I joined that site as a neophyte dinarian in 2010, and was banned in the summer of 2011 for basically failing to kiss Adam’s derriere.  I started investigating him shortly thereafter and in the spring of 2012, along with my buddy Chris Earl (a.k.a. Chuckles), I discovered the smoking gun that proved that “Adam” is none other than a former porn site owner and corporate recruiter named James Wolf.  After I published my discovery there was a substantial reduction in the traffic and membership at DV.

For whatever reason however, DV is still going today and people are still paying $17/mo for the VIP membership and hanging onto Adam’s every word in his weekly updates about the dinar. I thought it might be time to put a bit more info out there for consideration.

James “Adam Montana” Wolf has a number of websites that he uses for various business interests. In this video you’ll hear James promoting his SEO (Search Engine Optimization) business Frog Force Web Development.

Now I’m no marketing expert, but I think maybe Dr. Bob would get more business if he wasn’t holding a POWER DRILL!

Dr. Bob

Just a thought.

At any rate, if you compare this voice with that of James Wolf on a ski trip

https://www.youtube.com/watch?v=2-fiPID1-bg  (you can click on the ski video and read the comment from late 2015 to see what his ex thinks of him) and Adam Montana in his audiobook Iraqi Dinar: Real RV Intel


..
and you’ll see that they’re all the same guy.

Now that I’ve established who Adam is, let’s discuss why he isn’t such an honest, respectable guy. First of all, he said that he was a Harvard grad, but the fact is he didn’t even graduate from high school, let alone a prestigious institution like Harvard.  Secondly, he claims that he bought the Kuwaiti dinar at the right time, but since he was born in 1976 that would have made him about 14 or 15 when people were supposedly making a bundle on the Kuwaiti RV in 1991 (which never happened, but that’s another blog post).

I’ve discussed those issues in the past, but today I’d like to offer another slice of evidence that Adam is in fact a scammer. In the following audio from 2010 you’ll hear “Adam” introducing a man named Frank Buck who helps people with offshore asset protection.  Notice that he sets up the offshore pitch by mentioning a “lottery tax” of 70% just to make people nervous about losing most of their newfound wealth.


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3ad1541

Frank Buck

Now, who is Frank Buck? Well, you can read about him at Quatloos, on LinkedIn, and at Dinar Vets (where he went by the name LegalKing), watch his videos on YouTube, and you can listen to the first nine minutes of this conference call from a dinar group called 4GrownUpFolks.

What “Adam” and Frank were doing was basically pitching a wealth protection scheme to people who thought that they were going to get wealthy from the dinar but didn’t actually have any wealth to protect. I remember listening to this call while a member at DV, but I wasn’t interested in buying into it and soon forgot about it.  When I was blogging about the dinar a couple of years ago however, I received an email which refreshed my memory a bit.  I never used this information because I had already pretty much lost interest in the dinar at the time.  But now that I’m back, I think it should be published.

Frank Buck came to us looking for offshore company incorporation services as well as bank account. He introduced himself as a US based attorney at law and his emails had “Attorney at Law” under his name. It took him a few weeks to get on board as he claimed he had to get a few conference calls done. I listened in on one of them and I could tell he had no idea as to what offshore incorporation as well as offshore banking was or how to employ them in a basic setting. Mr. Buck claimed that he represented a group of American Investors who were keen on keeping their funds safe as well as avoiding taxation. He also claimed the investments that his clients participated in were fully regulated and there were no issues whatsoever. Since we only provided legal services there was no need to examine nor question any further the veracity of his claims as this was none of our concern.

First Set of Clients: Deaf Investors

There was a group of deaf individuals in the USA who had come into contact with Frank Buck. He had placed them in one the investment schemes he sponsored. He mentioned that these individuals were very wealthy and were in need of an offshore corporate structure. Based on the information we were given by him we offered him a package which included an offshore company and a bank account. As a reseller agent he sent over applications as well as supporting documents for several dozen people. We proceeded with the orders as requested and provided the bank account forms accordingly as well as the instruction packs. They were shipped to Mr. Buck and there were quite a few issues with him getting the documentation completed by his clients.   We just let it go and chalked it up to him being new to the offshore industry and not knowing how things work. In the end all of these people lost their money to the scam and it was sad to see. This came about when the relationship between Frank Buck and Adam Montana went sour.

Second Set of Clients:

The second group Frank began to work with was a group of HYIP investors who invested funds in a company operated by Terralynn Hoy. They later on formed a company which included Frank himself as a director along with a half dozen or so individuals. You can check the following links as there are others known to Frank such as Roy Sullivan who was a client of his and Ron Howard, Patricia Saa, and Michael Palermo. They all went through Frank to set up Nevada companies as well as offshore companies and accounts. And they appeared on a company that Frank established as an investment company several months after the initial set-ups were made and accounts were opened. I am unaware of what this company and how it operated once it was established. They failed to pay the annual fees and it was struck off. This company was established in the Seychelles by the now defunct Professional Offshore Ltd.

http://www.fraudsandscams.com/SSH2/SSH2.htm

http://www.offshorealert.com/forums.aspx?g=posts&t=40501

http://www.scam.com/showthread.php?t=133612

All of these individuals had Nevada companies and they each had one if not more Seychelles companies with bank accounts at Choice Bank Ltd., of Belize. All of them provided a complete application to Frank and he carried out KYC and Due Diligence accordingly. He did know that the situation with them went bad and he never reported such as per the agreement he had with the company at the time. We began to question the entire scenario when there were no annual renewal requests for this particular set of clients. Since we did not contact them at all (due to an agreement between Frank and the firm) we were unaware of what transpired until a few of the clients contacted the RA in the Seychelles and they were sent directly to us.

The Dinar Guys:

This had to be the most controversial and most complicated of all of the clients we have ever had. These people were utterly brainwashed by Frank Buck and Adam Montana. Frank approached me and told me that he had a group of several thousand people who were Forex Investors. They were looking for a way to preserve their privacy as well as avoid hefty taxes from their earnings in the foreign exchange market. I proceeded to provide him with the information on the company structure as well as potential banking solutions. He then asked me to listen in on a conference call with Adam Montana and a few hundred of the elites in the forex trading group. I heard the first 3 to 5 minutes where Frank introduced himself as an international attorney who had a full office in Nevada and Texas. Adam was introduced as the Guru of the Dinar and people were grateful to him for guiding them on the road to financial freedom and wealth. Then the hardcore sales tactics started. The listeners were made to feel as if around every corner there were money hungry and blood thirsty people and government agents ready to pounce on them and the only way to keep these people away and protect their wealth was to obtain a Nevada LLC, Nevada mail drop, and an offshore incorporation and bank account package.   As we all know, an offshore company can provide asset protection but I think they did go overboard and there was a large amount of pressure on the listeners.

Frank requested a conference call with Adam Montana a few days later and I said sure why not. During the conversation Frank kept calling Adam by the name James and Adam kept chewing him out for it until he said – look if you can’t call me Adam then no more calls. Adam expressed that his people were gung-ho about getting this all set up as soon as possible and that the first set of clients would be about 200 and they were VIP members who had large amounts invested in forex.

Once the first set was completed we began to get a few calls from Frank’s Dinar clients. They began to ask questions on how to manage their companies and they had some questions on how to complete the bank account applications.

Several hundred additional applications were placed and the services were provided as requested. Suddenly the phones in our offices were attacked by calls from 8:00 until 17:00 from people who had established companies through Frank Buck for Adam. By this time we were well aware that Adam was using a pen name on the net as many people do and we were aware that his name was James Wolfe and his alleged wife was Sara who we never heard from by phone. She only sent emails from a gmail account.

The phone lines were bombarded stating that the dinar was going to RV. Now, no one in the office knew what an RV was other than a mobile home on wheels. We all were and are legal professionals and most of us did not learn English as a first language. This would not be the last of such a swarm on our office phones concerning an RV.

During all of this alleged RV Madness we had people call us yelling and screaming that they were now going to be multi-millionaires in a few days and they needed specialized services NOW and that all deals would be done in Dinars. These people were out of their minds and in the end we had to just divert their calls and have messages taken. Some of the outlandish things they came up with were caravans to Belize to go to Choice Bank Ltd. Many of their clients had stated that Adam and Frank had told them that the only way to get the Dinars to Belize and avoid all of the money hungry people that would be after them as well as the government would be to go in groups of caravans to Belize by land. (Sounds like a Sci-Fi movie to me.) The funny thing is that Choice Bank Ltd. was playing along with the guys in order to get clients. They did not care one bit and they were receiving the same types of calls and at no moment did they ever contact our offices or did they ever request that Frank Buck or anyone else to cease sending them dinar clients. This is when I began to put the brakes on and gather information. We even had a lady claim that she was going to buy a Royal Title with her new found wealth and wanted to know if we could have her company documents changed now into her new name and she would be glad to pay us the equivalent in Dinar at 1Dinar = US$3.50 as this was the alleged exchange rate that Adam was telling these people.

Once I began to investigate I found out that Adam was charging people US$400 for name reservations for companies which are free for 30 days. His clients were also being charged about 5 times what our legal fees were to Frank Buck and we all knew Frank was getting about US$500 to US$700 per company he set up for Dinar Vets and Adam’s people and Adam was getting almost US$3000 for the basic structure. Frank then had issues with Adam as Frank tried to set up his own dinar group but Adam got wind of it and sent him a cease and desist order. Adam then continued to set up dozens of companies and the issues continued to pour in with people wanting to know what we knew about the RV. We just sent these people to Adam and left it at that until some very weird calls came in. At this point we decided to cut all ties with Adam Montana and Frank Buck. They were two clowns made for each other. So, what happened then – well, we received the same cease and desist order from Adam’s attorney which threatened us that if we contacted their clients that he would take us to court. WHATEVER – a singe line email blew that out of the water – “Show me a contract…”, I never heard a response.

So, what about Frank Buck. The old Buckaroo says he is an attorney. We asked for details and docs and never got any. Then he claimed he was a retired attorney but still practiced law – ummmmm, you still need a valid license to practice law – duhhhh! He claimed to practice law in Nevada and then in Texas. We checked him out and what did we find? He is not a lawyer in either state and they requested that we complete forms in order to file a complaint.

Here is the latest Nevada search:

http://www.nvbar.org/find-a-lawyer/result?first_name=frank&last_name=buck&company_3=&bar_number_1=&city_6=&state_7=&zip_8=&specialization_19=

He also claimed to be an incorporator in Nevada and we found out he used a low cost online service as well as a mail drop in Nevada to set up companies for his clients.

The Great State of Texas has also shed some light and there is no Frank Buck listed at the State Bar as well.

http://www.texasbar.com/AM/Template.cfm?Section=Find_A_Lawyer&Template=/CustomSource/MemberDirectory/Result_form_client.cfm

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So who is Frank Buck?

http://www.linkedin.com/pub/frank-buck/26/661/39a

This is what he says he is but we cannot find him as a corporate attorney anywhere nor has he provided any documents or details as to his studies. So, looking at things from a practical viewpoint he is not an attorney unless he can verify otherwise which I doubt. There are so many lies in which he is telling in order to make innocent people believe he is their answer to financial freedom. These lies allow him to take large sums of money form people for services they do not need and could not afford in the first place.

An overview of Adam Montana and Frank Buck

Adam Montana (James Wolfe) and Frank Buck were and still may be two peas in a pod. They went after innocent people who were also fueled by greed. Frank is fueled by greed as he is retired and looking for a way to make an extra buck sitting on his backside and Adam is even greedier and on a major power trip. They have devised a plan to make people think they are going to become rich someday either by HYIP, Dinars, or any other online get rich quick scheme. Because Frank does not have the smarts to come up with a program on his own he peddles a forum as well as offshore services to people who are on a shoestring budget anyway. If these people could afford the US$2000 and up he charges for an offshore structure they would not be going to him as he is onshore as well as there is NO ATTORNEY CLIENT PRIVILEGE as he is NOT AN ATTORNEY. A basic subpoena and all of your documents that are laying around in Frank’s home office can be confiscated. Frank saw a money making scheme with Adam and Adam enjoyed the idea of being the savior of many people. Those people thought and some probably still do think he is God. He offered them the world and riches and Frank came along an offered to protect them from the government as well as all of those jealous people who would try to take their newly begotten riches from them. In the end what did Frank and Adam/James do? They scammed many people out of their cash. Some of their clients were making payments to their credit card companies for dinar and offshore companies that were worthless to them as they had no real purpose.

Why were these companies a scam?

The entire structure of a Seychelles IBC and a Belize bank account was a sham. It was a scheme to make people think that they needed to protect their Dinar. Most of these people have only a few hundred dollars worth of Iraqi Dinar which was purchased and not earned. By purchasing these Dinar they are more like a collectible than anything else. So let’s say you have just purchased 1,000,000IQD today at the current exchange rate you will have spent around US$860. Now why on God’s green earth would you pay over US$2000 to protect US$860? The exchange rate has not changed in favor of the dinar holders that much so those millions of dinar purchased are worth pretty much the same as they were a few years back if not less. Taking that into consideration the package sold by these thugs has an annual renewal fee of US$1000 and Choice Bank Ltd., requires a US$1000 minimum deposit of which there is a fee for transferring the funds to the bank as well as a US$10 fee to deposit the funds on your account and an additional US$10 fee to maintain your account every month. So in a years time you will spend around US$3200 to protect your US$860 investment. That is 3.72 times the value of the investment itself so I think you can see where this is headed.

What does Choice Bank Ltd. of Belize have to offer?

Nothing! They are in on the entire ordeal as well. They want deposits in order to make it look like they are a growing bank and if they can get a few dozen people per month who are participating in this Dinar scheme to make the minimum deposit then the bank will benefit. Most of these people do not understand that they are now on a list of people who are going to be reported to the IRS under the FATCA legislation. Choice has also teamed up with Frank Buck and they are now serving yet another one of his Forex Scams. He is currently convincing Americans that they are in dire need of offshore companies in order to protect the millions they can make in the Forex market. Yet another scam going after people who are already finding it hard to make ends meet. SO Choice is happy to see their money come in as every dollar they get in their pot they can then lend out in Belize for an average of 18% interest per annum.

This information makes it clear to me that “Adam” has indeed been exploiting the very members who sing his praises on a regular basis. Click here to read an email “Adam” sent a few years ago to his VIP members.

You can read my other posts on Adam Montana in the links below.

https://iraqcurrencywatch.com/the-montana-trail-part-1/

https://iraqcurrencywatch.com/the-montana-trail-part-2/

https://iraqcurrencywatch.com/the-montana-trail-part-3/

https://iraqcurrencywatch.com/the-montana-trail-part-4/

 

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