Dinar Investors Scammed ?? (US & Canada crackdown)

Published: Sun, 09/23/12

Hi, ,

Great news coming out of Iraq these past weeks...BAD news here in
the US and Canada...

An Investment group has been indicted for falsely representing the
dinar investment as a "protected investment" and selling other
investments.

Not good.

Here's a quote from yesterday's article...
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"According to the indictment, the men fraudulently marketed and sold
dinars, the currency of Iraq, causing investors of the another site
to lose nearly $23.8 million. They also are accused of selling more
than $700,000 in nonexistent hedge-fund assets.

The sale of Iraqi dinar is not illegal. But the indictment said
that beginning in August, 2010, the defendants falsely told
investors and promoted through the Internet, email, and weekly
telephone conferences that buying the dinar involved minimal risks
because the currency was protected and regulated by the "Overseas
Investment Protection Act and a presidential executive order,
guaranteeing 90 percent reimbursement," among other
misrepresentations."

You can see the whole article here...
http://www.toledoblade.com/local/2012/09/22/2-who-bought-Iraqi-currency-file-suit-against-indicted-sellers-firms.html

After reading the article, it didn't say they were selling
counterfeit currency or anything...so at least that's good.

The article does mention two other dinar sellers but doesn't really
say why...

I'll keep an eye out for more info on this.

It goes to show you, it pays to be a well rounded informed investor...

If you have not done so already...read the posts under the Start
Here Tab at the top of Dinar Guru...You'll see the biggest dinar
myths busted among other ways to be informed...
http://www.dinarguru.com/start-here-dinar-rv.html

If I find any more news I'll let you know.

Enjoy the games and the soon to be fall weather today!

Talk soon

Blanche


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