Adam Montana Turns 40

Adam-Montana-is-40

Happy Birthday to James “Adam Montana” Wolf.  Wolfyman turns 40 on June 27, which of course means that he was still 14 years old when Kuwait was liberated in February of 1991.  Which means that it’s extremely unlikely that he made any money on the RV of the Kuwaiti dinar (which never happened anyway), which means that he lied when he told people that he profited on the Kuwaiti dinar in his book “Iraqi Dinar: Real RV Intel”, which means he’s a fraud.

“Adam” made a name for himself in the dinar world as the owner of Dinar Vets, a dinar forum he started in 2009 with a bunch of disgruntled dinarians from Dinar Speculator (a dinar site owned by Rick “Medic” Mattson) where he had served as a mod.  Adam’s background was basically running a porn site and doing search engine optimization (which he apparently learned while running said porn site in a highly competitive market), although he likes to present himself as a well-connected world-traveling entrepreneur in his mid-50s who graduated from Harvard.

Since starting Dinar Vets he has written a couple of books.  The first was the one mentioned above (available on Amazon for $29.95), and the second was “Iraqi Dinar CASH IN Guide”, which is offered for free as it’s basically just a pitch for joining his VIP group for just under $17/mo.  In addition to the books and VIP group he has pitched an asset protection plan featuring offshore tax avoidance and OGIT (Operation Get It There), an unbelievable plan to move dinar to Belize undetected post-RV to avoid a hefty tax imposed by Uncle Sam on all of these new dinar bazillionaires.

I wrote a lot about Adam in 2011/2012 when I realized that he was in fact a dinar douchebag, somebody who claims to be graciously providing helpful services and products to the dinar community when in fact he’s promoting a scam.  Since we learned his true identity and made it known he hasn’t done any conference calls or interviews like he was doing previously.  Gee, wonder why?
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Anyway, happy birthday Adam.  Although it might not seem like it right now, in the end there’s no avoiding accountability and justice.  Hopefully before your next birthday we’ll have a photo of you doing the perp walk like your old buddy Rudy did before he rotted in prison.  When that happens rest assured we’ll be on it.
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Dave Schmidt’s Gold Heist

dave-schmidtIt was recently brought to my attention that Dave Schmidt, the former Washington state senator turned dinar guru, has a photo of a gold vault on his website where he says:
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“… we are moving into the new “Golden Age” where the world’s gold will be released for a shift and change to our planet and our world.  Dave has countless photos of this gold that is beyond most people’s comprehension.  This gold has been kept hidden from the public for thousands of years and is kept in custody by “keepers” at various locations around the world.”
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The photo accompanying the text is presumably one of those hidden gold locations that he mentioned, but it turns out that it’s actually a vault in the UK that was used as a dining hall during WWII. Seems Davie heisted the photo from a UK news site.  (Thanks to RamblerNash at Dinar Daily for pointing this out to me.)  The first photo below is a screenshot from Dave’s site, and the second photo is from a UK news article about the London vault.

Dave Schmidt gold

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Can you say “busted”?  Now, Dave might claim that he never stated that this photo was from the secret stash, but I think the implication is obvious.  Anybody reading his site and seeing that photo is going to assume that this is supposed to be a photo of one of those secret vaults.  But I’ll tell ya what Dave … shows us the real photos along with some evidence that this gold exists and I’ll drop the matter.  Introduce us to this nameless, faceless “ambassador” you’ve been talking to about the Dragon Family’s gold, along with some evidence that the Dragon Family actually exists and I’ll remove this post.  For that matter, make one prediction about something … ANYTHING … that proves that you actually have any information worth listening to and I’ll humbly apologize for all of the “nasty” things I’ve said about you.  In the meantime, you remain on my Schmidt list.

See this page for gold photos

 

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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!

 

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

podcast 4

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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!