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GlimDropper
04-07-2011, 09:43 PM
The internet fraud du jour is the Revaluation of the Iraqi Dinar. The Dinar will be revalued, it's current value is about 1,200 Dinar to the Dollar and the new Dinar will be much closer but that isn't going to mean that one of today's 25,000 Dinar notes will be worth 25,000 new Dinar. But that isn't what the Dinar hucksters are telling (selling) people. There are scammers selling current Dinar to "investors" at a vicious markup on the promise that each of the Dinar some day soon, maybe tomorrow will be worth one to three dollars each. Sorry folks, that ain't going to happen.

One particularly egregious specimen of this scam is being perpetrated by Rudolph Coenen of Bayshore Capital Investments and Bradford "Brad" Huebner, serial MLMer and owner of TheBHGroup.org (http://www.thebhgroup.org). Brad uses that site to sell Xango, a few other similar deals but he also sells Iraqi Dinar. I'm sure he offers volume discounts but if all you're buying is 100,000 Dinar you'll get 588 Dinar to the Dollar (remember, fair price is closer to 1,200 dinar/dollar, this gets important soon).

So Rudolph "Rudy" Coenen, run his name through Sunbiz.org and see that his janitorial services company isn't the only one administratively closed in that list but you see times have changed for him, he's getting set to run his very own hedge fund. or at least so he says. You see, unlike all the other hucksters in the Dinar revaluation (RV) area, he's a man of vision, he sees the further horizon. He sees Iraq as THE place to invest , the next economic superpower and that's exactly what his hedge fund will do, with all you're RV profits.

My first thought was that the hedge fund is a scam. It's true that hedge funds aren't all that regulated but that doesn't mean it's open season. There are limits on how offers can be made and who those offers can be made to. Justin "Broker" Jones was a living breathing example of how to pretend that wasn't true (or how not to rather) and I thought they were doing the same thing here. But then i let it rattle around in my head a bit and changed my mind.

My second thought is that the hedge fund is a scam. It's like the movie The Producers only they're never going to even put on the show. Observe, this is their "Inception Investor Seat Allocation for Iraqi Hedge Funds I and II (http://www.thebhgroup.org/images/stories/downloads/BAY100%20BayshoreDocument.R6.pdf) " that's the application form you need to fill out if you want to invest money in the fund. Please note the $750 non refundable application fee. Then I point out the following statement:


Most people will NOT be able to meet the Qualifications required by the Security and Exchange Commission until AFTER the Revaluation of the Iraqi Dinar. To accommodate those individuals, the inception date of the Hedge Fund will not start until 21 days after the Revaluation.You see, after the Dinar RVs, all the people who bought Dinars from Brad will be RICH RICH RICH and qualify under investment guidelines as "Sophisticated" or "Qualified" investors and then, and only then will they form their hedge fund. Catching on yet? Please note that the minimum to invest in this fund is a cool million, no one getting their investment advice on YouTube can swing that, which is why Rudy is kind enough to give you a full 21 days, not only after the Dinar RVs but after it RVs to a minimum of parity with the US dollar.

But wait a minute, the only people on the planet who think the Iraqi Dinar will be revalued to anywhere even remotely close to parity with the dollar are shameless scam artists and the benighted victims they've bewitched. If Rudy will never have his hedge fund how is he making money?

First off, there's the $750 non refundable application fee, but it doesn't end there. False scarcity is a near universal sales tactic, "act now before we run out" and Rudy's hedge fund is no different. It seems the nasty old SEC will only let him have 500 investors in his fund and he only has two funds so that's only 1,000 spots available. Brad chimes in to warn it's really only 490 spots per fund because they're saving some for "institutional investors." But with the overwhelming response this opportunity is getting they can not and will not promise that just because you sent your check for $750 you will be assured of a spot in the fund. I'll let them explain it, from the link above:


Due to the overwhelming response for this initial offering, the only fair way to allocate Seat Positions for the Iraqi Hedge Fund, LP I and II is to base it on the total amount of Iraqi Dinars purchased DIRECTLY from The BH Group up until this subscription is closed.So the people who will get a spot in the hedge fund that will never exist will be the people who A: Hand over $750 and B: of all the people who handed over their $750, buy more Dinar at near twice it's value from Bradford Huebner. But again, the Dinar will never be revalued to parity with the dollar so Rudolph Coenen's Iraqi hedge fund will never happen. But Brad and Rudy will keep all the non refundable application fees and all the Dinar sales are final. That is a sick, if almost a slick con game.

suenos
04-14-2011, 02:26 PM
GlimDropper I take serious objection to your comments with regards to the Dinar (IQD) and its revaluation (RV). Now if people come to this site just to find mud slinging without substantiation then I guess your comments are just fine however if someone is actually seeking some well thought out research then your article is complete crap. You offer no real substantiation to your comments just an opinion based on what, zip! In fact I would counter (being one who trades currencies personally) that you in fact have no real knowledge or experience in currencies what so ever. Hence my first question is what exactly qualifies you to write this in the first place? You make it sound like only hucksters are selling IQD and that sir is a complete fallacy. Would you also then call Bank of America, Scotiabank etc etc hucksters since they also sell this currency? This is a currency play or speculation plain and simple which in of itself most certainly does not qualify such as a scam anymore than buying USD is a scam.

Now you say this is not going to happen or if it does it won't amount to anything. So give us some economic facts that support your position that is other than an edict from the mountain. Reality is the economic picture of Iraq is changing drastically as would any country in a similar position especially one holding the third highest oil reserves, some of the sweetest crude on the planet and equally large or larger gas reserves along with a crude oil price that is only heading north for as long as we can imagine. Then add precious metals deposits and major agriculture production to that mix. All of these fundamentals are what contributes to what a country's currency is worth. On the simple basis of debt versus resources, yes as much as the concept may offend you, this currency should be worth a hell of a lot more than the USD let alone being at a pegged price of 1170 IQD to $1 USD. Also if one reviews the values of all currencies in any oil rich country you will find none that trade at this level hence on fundamental monetary science this has to change and change drastically it will. The only question that remains is how much and when!
Now I as a speculator have bought this currency (not from anyone mentioned in this forum by the way) and have zero doubts that when these chickens come home to roost I will be a most content investor. Now do I need my IQD to go to $1 to $3 to be most content? No not in the least! Just the same I see that there is indeed a very real possibility that the IQD will in fact do just that. One thing I am just as dam certain of is that my ROI will be much higher than if I was to bet on shorting the USD. The USD is a certainty to go down just as the IQD is to go up and both of those assumptions come from economic reality and policy that is abundantly obvious. The buffoons and con artists in Washington and especially the FED are determined to do exactly that and if any reader chooses to doubt such best start reading all the interesting con jobs exposed in the 29,000 pages of bailout documents released by the Fed under court order two weeks ago.

The other fact left out of your factless article is that the IQD traded at $3.20 prior to the war under Hussein so then I ask why does it seem so strange that this new regime sitting on the same soil could not and would not aspire to get their currency back up to that same level in their new world. I am not saying it will happen in a day but that is where this inevitable trend is heading. Now also lets consider that I suspect all of the G20 are sitting on substantial amounts of IQD hence they want a high RV so that they can then in turn buy more oil with it. We do know for a fact that the Treasury sits on amounts that are going to pale in comparison to what any of us small fish have hence you are deluding yourself if you don't think there isn't an interest of powerful parties for a high RV to occur. Let’s also not forget that the days of the Petro Dollar are very limited indeed this era is coming to an end and I suspect much sooner than most readers think so. Every new war and enemy created like Libya etc. etc. are in the process of jumping ship which means selling their oil for something other than USD Fed Notes. Tough to say right now what is going to take over but there is huge changes coming down the pike, the writing is on the wall if you care to look for it.

Finally for those who think this concept of a substantial RV are impossible then I suggest that you look back twenty years to when exactly this same scenario played out with the Kuwaiti Dinar. Hence the impossible has already occurred once before. Does history repeat itself?

Finally in somewhat of a defense of Rudolph Coenen I both agree and disagree with GlimDropper. Lets first qualify my comments, I do know of Rudy and have heard him speak but I do not do business with him nor would I buy his hedge fund. Then again I would not buy anyone else's either and I most certainly would not pay anyone $750 for the privilege to invest with them. In that part I agree with the administrator’s comments. However to categorically state this is a scam is a harsh judgment as we cannot know that for a fact at this time. If the fund gets registered then I would not agree but there is the catch "if" it is registered. Until such time as it is I sure would not send him or anyone for that matter any amount of funds until it is proven so. Now stupid SEC rules state these types of investments are only for sophisticated investors. Well using their definitions if anyone who lucked into a once in the lifetime investment into the IQD then hence has the funds to qualify as a sophisticated investor as the rules go however reality is those people are not sophisticated at all. This definition does not separate lucky from sophisticated yet there is a world of difference between the two. Hence the rules are stupid in the first place but since when does SEC actually accomplish anything of real substance. Sure they report the big thieves (maybe) after the horse is already stolen yet they have an abysmal track record of ending any scam of any real significance E.g. S & L, Enron and Sub Prime Mortgages etc. etc.

However unlike the comments presented by the administrator I will say that Rudy at least knows something about trading currencies and what goes on to make up monetary science and clearly knows what is going on in Iraq. Even with that said I still would not touch his hedge fund personally but no one can prove or disprove at this moment that such is a scam. I will also add that big players are indeed eyeing up Iraq to make large investments as it joins the free market and modern world as it has been stuck in a time warp really for the past thirty years going back prior to Hussein hence they have a lot of catching up to do. Additionally the fact is representatives of large mutual fund companies and hedge funds have been in Iraq looking to invest in the New Iraq. Those are facts and ones substantiated in main stream media hence without question there are those that are and will invest in this country. If you doubt look it up on YouTube.

One final point with regards to the price that people are paying for Dinar by the various traders and banks. First of we are talking about an Exotic Currency here so do not think for a second that the spreads are anything like the top 30 traded currencies are. It ain't going to happen now or ever, if you think otherwise you are dreaming in Technicolor as you cannot use your experience of buying common currencies to exotics. With that being said would I pay 588? No absolutely not since if you do some investigation you can find IQD running in the 820 range. Thus far I have found none better and I accept that since I am not about to fly to Iraq to find a better deal. You will find that Scotiabank charges considerably more than Bradford does hence we could infer that since you say Bradford is running a scam then Scotiabank is running an even bigger one since they charge $2181 for a million or 459 per $1. However there is a difference between gouging your customers and a scam! I reiterate I do not know nor have I done business with Bradford I just choose to question the verdict that has been given on such skimpy evidence.

Hence GlimDropper my challenge to you is this then, you must report on your site Scotiabank as a fraud and scam too since they charge even more than Bradford does! Then we can all laugh our asses off as their lawyers cut through your anonymity like a knife through butter and sue your ass off for slander. While you are at it you might want to check on what Bank of America is charging for IQD as by your measure they may well be scammers as well since I have not researched their rates I will not comment. As the internet evolves out of the era of the wild wild west we find the FTC and courts being less than kind to people who post anything they feel like on their sites hence you might be well advised to watch much more closely what you say as it can and will come to bite you in the ass.

For your article to carry any credence or value to a reader you need to provide a lot more experience, facts, figures and a whole lot less opinion for your writing to be considered any more relevant than the bathroom wall at the gas station. Meanwhile I guess I am just a fool who saw what I believed to be coming as the perfect storm for investing, based on my own research, economic facts, monetary science and experience that lead me to that conclusion. Obviously our opinions differ greatly but at least I arrived at mine based on something other than hot air and that sir is all you have provided in your post!:RpS_mad:

littleroundman
04-15-2011, 06:24 AM
WOW !!!

What an incredibly complicated and involved way to say absolutely nothing of substance.

A self described "speculator" Mr "suenos" demands facts, but gives none.

I'll tell ya what, "suenos" instead of waffling on about the "suenos theory of currency speculation" how about we concentrate on the target/s of Glims' post, and what THEY are doing ???


"But that isn't what the Dinar hucksters are telling (selling) people. There are scammers selling current Dinar to "investors" at a vicious markup on the promise that each of the Dinar some day soon, maybe tomorrow will be worth one to three dollars each. Sorry folks, that ain't going to happen"

scratchycat
04-15-2011, 10:42 AM
WOW !!!

What an incredibly complicated and involved way to say absolutely nothing of substance.

A self described "speculator" Mr "suenos" demands facts, but gives none.

I'll tell ya what, "suenos" instead of waffling on about the "suenos theory of currency speculation" how about we concentrate on the target/s of Glims' post, and what THEY are doing ???

Thumbs up on that one LRM!

GlimDropper
04-16-2011, 11:02 AM
Greetings suenos, welcome to RealScam.

Let me thank you for inviting me to clarify a few of the statements I made in the first post of this thread. Iraq is a nation with political, ethnic and religious problems that I'm sure we all hope will find some civil resolution. Iraq is also sitting on vast oil and natural gas reserves and has some of the most productive agricultural land in it's region. It also has an above average literacy rate and it's average of educational attainment is higher than most of it's neighbors. In short, if they ever get their crap together there are many good reasons to believe the Iraqi Dinar will be worth more than it's current 1,170 Dinar to the Dollar.

You are correct in saying that I am not a currency speculator, I haven't spent years studying the markets and possess no learned insight into them. Instead I've spent years studying fraudulent sales pitches and the sort of verbal sleight of hand people use to make your money disappear. It does occur to me that I could have been more careful in the words I first chose to describe what undoubtedly is a huge amount of fraudulent solicitations to invest in the Iraqi Dinar and differentiate them from legitimate investment advice.

If someone is saying that a small amount of risk capital invested long term in the Iraqi Dinar might yield a profit I'd take no position on that statement. It may or may not prove to be a wise investment but it's in no way an unrealistic one. I'm sorry that I didn't make that clear in the initial post. But honestly, realistic investment advice is the furthest thing from what I started this thread about.

The Central Bank of Iraq has an english language website (Link) (http://www.cbi.iq/) and it presently lists 1,170 Dinar as the exchange rate to the US Dollar. I'm sure you'd point out that that rate is for large wholesale purchases and if you wanted to buy only a few thousand dollars worth you'd pay fees and premiums above that. But the "BH Group" website offers to sell you 100,000 Dinar for $170 or a bit better than 588 Dinar to the dollar (this is a link to their sales page (http://www.thebhgroup.org/dinar/purchase-dinar.html) but I'm reasonably certain you need to register to the site to view it). suenos, as an experienced currency investor would you pay one US dollar for only 588 Dinar at today's rates? I rather imagine you wouldn't, if nothing else your investment would need to near double in value before you'd even break even.

So why in the would would anyone pay near twice the exchange value for a currency as speculative as the Iraqi Dinar? Well they either know something i don't or more likely, they only think they do. Search YouTube for Iraqi Dinar and you'll find a near endless stream of "informative" videos telling you that near any day now the Dinar will be revalued (RV'ed) to anywhere from parity with the USD to far above that level. I'll use this link (http://www.youtube.com/user/DinarDaddy#p/u/0/3kmNK082ouU) as an example because it has "Dinar Daddy" interviewing both Rudolph Coenen and Bradford Huebner. Rudy starts talking a bit after the 14 minute mark and Brad chimes in at around 21 minutes. Rudy opines that the Dinar will "RV" from parity to 1 Dinar equaling 2 1/2 USD in "45 to 60 days" from that recording on March 31st. Again, as an experienced currency trader do you in anyway find a statement like that supportable or even remotely possible? If so please do explain your reasoning because I sure don't see it.

Can you see now why I started this thread? It wasn't to say that anyone selling the Dinar or even viewing it as an investment are scamming someone or being scammed. It's to point out that totally unrealistic expectations of the near future value of the Dinar are being sold by some people who just so happen to also be selling Dinar at near twice it's current value.

And thanks again for stopping by.

A somewhat late edit to add:


Finally in somewhat of a defense of Rudolph Coenen I both agree and disagree with GlimDropper. Lets first qualify my comments, I do know of Rudy and have heard him speak but I do not do business with him nor would I buy his hedge fund. Then again I would not buy anyone else's either and I most certainly would not pay anyone $750 for the privilege to invest with them.

I would be fascinated if you were to provide any verifiable information about Mr.Coenen and particularly about his background. I have heard some rather impressive claims he's made about himself but in the limited time I've taken to investigate him i haven't found anything other than the "Dinar RV echo chamber" repeating his claims. Any information you could provide would be appreciated.

GlimDropper
04-16-2011, 07:05 PM
And just a quick shout out to the State of Utah's Division of Securities for their Top Ten Investment Alerts for 2011 (http://commerce.utah.gov/releases/11-01-03_sec-top10-alerts.pdf), weighing in at number nine is:




9. Iraqi Dinars ‐ Since the beginning of the Iraq War in 2003, speculators have sought to profit by purchasing Iraqi Dinars. Unfortunately, the likelihood of investors seeing any return on their dinars is slim to none. This scam comes in three parts: the hyped returns that play on an investorʹs greed, the deceptive practices of Iraqi Dinar dealers, and the fundamental misunderstanding of international finance. Currently valued around 1,200 dinars to 1 U.S. Dollar, any appreciation in the value of the Iraqi Dinar would theoretically generate profit, but many websites selling Iraqi Dinars boast these returns could reach up to 1000 percent. Investors need to understand these figures for what they are: speculation and hype. Websites selling dinars also exaggerate or misrepresent history as proof that such profits are possible, but history teaches a vastly different lesson. First, the rapid appreciation of any currencyʹs value is extremely rare (the opposite is much more likely), meaning investors should consider this a long‐term gamble not a short‐term guarantee. Second, investors may confuse the appreciation of a currencyʹs value with demonitization, which is the process of governments replacing their old currency with a new currency. While Iraq is not likely to do so again (Iraq demonitized from October 2003 to January 2004), exchanging old currency for new currency still keeps the value in U.S. Dollars roughly the same. So new currencies do not generally indicate a new value.

While hard currency scams are not new, the methods have evolved. Currency dealers previously avoided regulation by relying on the currencyʹs numismatic value (treating the currency as a collectorʹs item), now these dealers often register with the U.S. Treasury as a Money Service Business (MSB). An MSB registration is nothing more than a check‐cashier or a money transmitter; it does not reflect any experience in trading currency nor entail any qualifications on the part of the dealer. The reason dealers seek this meaningless registration is to lend legitimacy to their scam and avoid proper regulation, which would entail oversight and require full disclosure be made to investors. Additionally, since no exchange exists for the Iraqi Dinar, dealers can charge whatever they want to sell and buy back the dinars. Investors should fully understand that a small increase in value will not likely be enough to breakeven after these fees are considered. Worst of all, some websites have even been selling counterfeit dinars. Ultimately, however, the power of hard currency scams come down to a subject most are unfamiliar with: international finance. The market determines currency values based on numerous factors. In the case of Iraq, many of these factors are political and unpredictable, making dinars a risky bet at best. Of all the risks though, inflation is the greatest. As an economy improves, workers find jobs and earn more money, increasing demand and, therefore, prices. As prices rise, the value of the currency falls. Another inflationary pressure may be the Iraqi government itself. As the Iraqi government seeks to improve conditions, it may be tempted to monetize their debt (essentially, print more money) and drive inflation further. Combating inflation is difficult for established governments and economies, let alone one emerging from a dictatorship, a war, and an ongoing insurgency, so even the best scenario of an improved Iraqi economy may not lead to profits for investors in Iraqi Dinars.

Emphasis added as a way to direct your attention to the BH Group's MSB registration (http://www.thebhgroup.org/images/stories/downloads/cep119%20irs_form.r2.pdf).

GlimDropper
04-18-2011, 05:16 PM
The following is the text of the Bayshore Capital Investments PDF for their Iraq funds I and II:


Any potential investor with Bayshore Capital Investments, LLC and the Iraqi
Hedge Fund, LP I and II must be a Registered Member of The BH Group:
The BH Group - Dinar Education and Procurement Specialists (http://www.thebhgroup.org) (Free Sign-up). The BH Group is the exclusive marketing agent and will solely determine the eligibility of every participant in the initial two Hedge Funds, which have a total of 1000 seats.
All communication for these seats will be through the following E-mail: hedgefund@thebhgroup.org and not Rudy Coenen, CEO of Bayshore Capital Investments. Rudy will be communicating with individual investors once their eligibility to partcipate in the fund has been determined. Due to the overwhelming response for this initial offering, the only fair way to allocate Seat Positions for the Iraqi Hedge Fund, LP I and II is to base it on the total amount of Iraqi Dinars purchased DIRECTLY from The BH Group up until this subscription is closed. All BH Group members will receive a questionnaire asking you to confirm the total amount of Dinars you’ve purchased from The BH Group and if you’re interested in participating in the Iraqi Hedge Fund I or II. Please complete and return the following document immediately to determine eligibility.

Most people will NOT be able to meet the Qualifications required by the Security and Exchange Commission until AFTER the Revaluation of the Iraqi Dinar. To accommodate those individuals, the inception date of the Hedge Fund will not start until 21 days after the Revaluation.

INVESTMENT REQUIREMENTS & ELIGIBILITY


BayShore Capital Investments, LLC., incorporated in the state of Florida in 2011 by
Rudolph Coenen, CEO, serves as the General Partner of the Iraqi Hedge Fund, LP
I and II. These private investment funds have been created for sophisticated investors
who wish to invest in long term financial growth vehicles based on the emerging
Iraqi economy. The objective of the Iraqi Hedge Fund is to seek long-term capital appreciation over a broad range of securities primarily listed on the Iraq Stock Exchange (ISX) but also have the flexibility to invest in a number of multi-global American companies and emerging privately held companies that provide services and raw materials to facilitate the rebuild of Iraq’s infrastructure over the next twenty years. As a new Democracy, Iraq still faces daily distractions in its effort to re-build and reform. The managing directors of BayShore Capital Investments, Inc. believe the post-war re-building process of Iraq will provide investors tremendous opportunities. There is dramatic economic growth potential from both foreign and domestic investment in the fossil fuels sector, upgrading Iraq’s infrastructure, restoring their agricultural industry and developing a tourism industry.

The Iraq Stock Exchange was formed, incorporated
and began operations in June 2004. Beginning
with only 15 listed companies in 2004 with orders
posted on chalk boards, the ISX now trades over
100 companies electronically. Modeled after the
New York Stock Exchange, the exchange has taken
great lengths to modernize its execution, regulatory
oversight, and transparency.

INVESTMENT PHILOSPHY


The Investment objective of the Iraqi Hedge Funds I and II is to seek long-term capital appreciation
and superior returns over a broad range of securities primarily listed on the Iraq Stock Exchange (ISX) but also have the flexibility to invest in a number of multi-global American companies and emerging privately held companies that provide services and raw materials to facilitate the rebuild of Iraq’s infrastructure over the next twenty years.
The core of the Iraq Hedge Fund, LP I and II portfolios will be the Iraqi Stock Index. The portfolio will diversify by purchasing all securities within the index but weight holdings either upwards or downwards, favoring the most attractive sectors and companies that comprise the index. Qualitative analysis will be used to identify trends in both the market and economy and identify companies which have outstanding quality of earnings, transparent management, generally accepted reporting standards and better than average profitability.


Fund Structure: Hedge Fund I and II
Frontier Market Investment: Iraq Focus
Accredited and Qualified
Investors Only Yes
Domicile: Delaware, LP
Minimum Investment: $1,000,000
Maximum Investment: $5,000,000
High-Water Mark: Yes
Lockup: 24 Months
Redemptions: Quarterly, with 60 days notice
Management Fee: 2.5% Annually
Incentive Allowance: 20% of profits, subject to high-water mark
ADMINISTRATOR: Apex Fund Services 10 Mechanic Street, Suite 240 Red Bank, New Jersey
07701 United States of America Tel: +1 732 936 8420 vince@apexfunds.us
IRAQI CUSTODIAN: Dar es Salam Investment Bank (Dar es Salaam is 70% owned by HSBC Global.)
U.S. CUSTODIAN: Not Disclosed at this time
FUND OBJECTIVES
FUND TERMS

Name:
Address:
City: State: Zip:
Phone: E-mail:
FINANCIAL REQUIREMENTS POST RV:
MINIMUM INVESTMENT: $1,000,000 YES
MAXIMUM INVESTMENT: up to $5,000,000 YES Amount
• Minimum investment is based on a Revaluation (RV) of the Iraqi Dinar at a minimum value of $1USD.
• Investors have 21 days to fund their account from the day the RV is announced.
• If the minimum initial investment is NOT met by the Due Date, client will forfeit their Seat and Position.
• This contract only holds your Seat Assignment until all requirements have been met.
Application Fee Check #:
Signature: Date:
Signature:
Un-refundable Application Fee: $750 (Enclose Check payable to: Bayshore Capital Investments, LLC)
INCEPTION INVESTOR SEAT ALLOCATION
FOR IRAQI HEDGE FUNDS I AND II
Sign Name
Print Name Clearly
RETURN SIGNED CONTRACT
AND CHECK TO:
Bayshore Capital Investments, LLC
10347 Nakema Dr. West
Jacksonville, FL 32257
ATTN: Rudolph Coenen, CEO
HOW DID YOU HEAR ABOUT US?
The BH Group Other (please fill in below)
BAYSHORE
capital investments, llcCopy and pasting from a PDF gives some fluky formatting issues, I tried to clean them up. I didn't change any text but is some of the paragraph or lines breaks aren't correct I apologize. And some E-Mail updates:


Hello BH Group Members,
Here's all the latest from The BH Group........Check it out!

NEW DINAR 101 SLIDE SHOW:
Check out the HOME page of our website The BH Group - Dinar Education and Procurement Specialists (http://www.thebhgroup.org) (lower left corner). Leave your "thumb prints" on friends and family by directing them to our Dinar 101 and we'll do the rest!

TEXT MESSAGING: YOU MUST BE A REGISTERED MEMBER OF THE BH GROUP TO APPLY
Our newest feature! Sign up for FREE Text Service to announce the RV and other news from The BH Group (carrier rates apply)! To activate your account: Text to the number 90210 and then type the message: the bh group You'll receive an auto text back confirming you've been registered by The BH Group for future communications via text. You'll receive an instant reply! This service will give you instant notice of the pending RV right to your cell!

PURCHASE DINAR: IRA ACCOUNTS
The BH Group continues to offer the most competitive rates for Dinar on the Internet with outstanding service and education to match. If you have a traditional IRA or Roth IRA please consider the HUGE tax savings when you self-direct Dinar purchases from The BH Group to your IRA account. Ask us how this works!

LIVE ONLINE SUPPORT:
Under "Contact Us" you'll see the ability to have a live chat with one of our staff! We're here M-F 9am-6pm EST. Please respect our time and only ask pertinent questions that you can't find answers for in our FAQ Section.

EMAIL ONLINE SUPPORT:
We're glad to help you with a periodic email question regarding the Dinar BUT this is not a "Chat Service" where you send in a list of questions! PLEASE respect our time

TRACKING INFORMATION:
You can check your Dinar shipment online by visiting: USPS - Track & Confirm - Put our delivery information to work for you (http://www.usps.com/shipping/trackandconfirm.htm)

WEBSITE ACCESS DIFFICULTIES:
Please use the links available under the "Register/Login" tab for "I forgot my Username / Password" or "I have not received my Activation Email". These are automated links and these services are available 24 /7. If you're still having trouble accessing our website, please send us an email to brad@thebhgroup.org marked "Website Access Difficulties" as the subject line. In the body of the email please include detailed information regarding your issue.

CONFERENCE CALLS:
Our conference calls are pre-recorded every Monday evenings featuring Rudy Coenen, Currency Specialist and posted by 10:00pm EST. You can locate our call by accessing our website at The BH Group - Dinar Education and Procurement Specialists (http://www.thebhgroup.org). Once you're registered, Log In to "Iraqi Dinar," "Weekly Conference Call." Additionally, you can call directly to 712-432-1085 and enter pincode 157219#. This weekly call will be available for you throughout the entire week.

IRAQI HEDGE FUNDS I and II
The BH Group is the exclusive marketing agent for two new Hedge Funds focusing primarily on Iraq, created by Bayshore Capital Investment, Rudy Coenen, CEO. There are only a total of 490 Preferred Investor Seats authorized for EACH fund. For further information go to The BH Group - Dinar Education and Procurement Specialists (http://www.thebhgroup.org) HOME age or OPPORTUNITIES section. Application Fee checks ($750) we've received and cashed thus far from BH Group members have a Seat. You'll receive a welcome packet with your receipt and Seat Number before the end of April. Hedge Fund I will be complete before the end of April and remaining Inception Allocation Forms received will automatically be seated in Hedge Fund II. When funds are complete, investors who did not receive a seat will receive their $750 back.

RUDY COENEN: HEDGE FUND 101 TOUR
Here is the upcoming road schedule as Rudy will personally be meeting with potential Hedge Fund Investors:
April 13th, Charlotte, N.C. Guest Host: John O'Neil Cell: 804.687.7550 Email: jpo513@aol.com
April 21st, Lynchburg, VA Guest Host: Mike Byers Cell: 434.546.0211 Email: wesetyoufree@gmail.com
April 30th, Northern, VA (D.C. Area) Guest Host: John O'Neil Cell: 804.687.7550 Email: jpo513@aol.com
May 07th, Toledo, OH Guest Host: The BH Group Phone: 419.740.5220 Email: hedgefund@thebhgroup.org
May 14th, jacksonville, FL Guest Host: The BH Group: 419.740.5220 Email: hedgefund@thebhgroup.org

THE BH GROUP OPEN HOUSE PARTIES FOR OPENING OF TOLEDO MUD HENS AAA BASEBALL:
BH Group members invited to Open House parties at Corporate HQ's: April 14th and 15th!
April 14th: Party starts at 2:00 p.m. EST Double header starts at 4:00 p.m. EST vs. Columbus
April 15th: Party starts at 5:00 p.m. EST Game starts at 7:00 p.m. EST vs. Columbus
Address: 19 St. Clair Street, Toledo, OH 43604 2nd Floor

Sincerely,
The BH Group

littleroundman
04-18-2011, 07:39 PM
I wonder if this is the same Rudolph "Rudy" Coenen of Jacksonville, Florida:

http://i218.photobucket.com/albums/cc153/thelittleroundman/Coenen001.jpg
http://i218.photobucket.com/albums/cc153/thelittleroundman/Coenen002.jpg

It would be a HUGE coincidence if there were two Rudolph "Rudy" Coenens residing in Jacksonville, Florida with both of them having an interest in Iraqi Dinars.

Unfortunately for this particular Mr Coenen, his predictions seem have have amounted to nought, and his blog has disappeared.

Maybe he has been too busy reinventing himself or registering Bayshore Capital Investments in February of this year and living up to the stellar reputation BH Capital says he has.

Maybe there IS a different Rudolph "Rudy" Coenen living in Jacksonville.

tmcgraw
04-19-2011, 07:24 PM
I have already reported BH and Bayshore to the SEC and FBI. BH is not a licensed securities dealer and Bayshore does not even have a PPM. Rudy has never worked for Chase. Usually when you work for a company for 15 years you include them in your linkedin or plaxo profile Chase is on neither of his. What are BH and Bayshore going to do with the 750,000 they collect if there is no RV? I asked Brad this question and he hung up on me.

It is not possible for the IQD to RV anywhere close to parity with the USD without a LOP. As of March 9th there is 24 Trillion IQD in circulation. Brad and Rudy are lining their pockets and will disappear with 750k.

GlimDropper
04-19-2011, 07:30 PM
Yea, that is our Rudy. I think I lost count of the number of companies he's the president of but taken together he seems to change company names the way most people change their socks. In his present incarnation he's an International Currency expert and introduced himself this way:


My name is Rudolph Coenen, i am the person who spoke to Hannity, 2 weeks ago on his radio show. Everyone was wondering who i was, and where did i get my information. I live in Jacksonville, Fl and have been in the Banking business for 15 years. In 1982 i joined the Marine Corps, and had a wonderful 12 year career, Semper Fi. You can google my name and look at my background. I studied International Finance at the University of Colorado, and recieved my masters in economics. My last position was with JPMCHASE in there cdo dept, and i had a 420million dollar portfolio. I also owned a mortgage company called DIRECT LENDING, we did loans thru out the U.S. I am well known in the banking industry and have had my own radio show and also have been a contributor to fox news.
My life has been very transperent, and anyone can check on it.Funny thing is, I can find no connection between his name and JP Morgan that's more than a few months old. He had a liver transplant in 2005 and on one of his calls he mentions that was the the time he left JP Morgan and his 420 million dollar portfolio behind him. So he was a high level manager with one of the largest financial conglomerates and didn't get a single mention in any news source or anywhere that Google can find? Not likely. I also find no evidence that he ever had a radio show or is a "Fox news contributor."

But he did own a mortgage company named Direct Lending when he was in California, he mentions it on his long abandoned MySpace page (http://www.realscam.com/www.myspace.com/monavieandme/blog). Interestingly enough even as he was running his mortgage buisness he also used his MySpace page to sell Monavie. So he's a VP at JP Morgan, running a mortgage buisness and building his MLM downline all at the same time. He's still multi tasking, and building his downline, Youngevity this time (http://dietdreams.chocogevity.com/).

It looks like his primary income was as a mortgage broker, he was hip deep in the Alt-A and subprime loan buisness (one sample from 2004) (http://mortgagegrapevine.com/thread/?thread=61923). He went through several company names and two states (Florida and California) but when the real estate bubble burst it seems he needed to reinvent himself. That's when he stopped telling people about his 15 years of experience in the mortgage industry and started telling them about his 15 years in the financial industry. It doesn't seem Forex was his strength, there's no date on this site but he left the following comment to someone's Forex training video (http://www.forexincomeengine.com/news/?p=3):


cant wait for the next video, i am in the newbie quadrant, doing what you said, looking for free educ, and testing the waters with demo accounts, feel lost. look forward from hearing from youHis story doesn't hold together very well. A Vice President at JP Morgan in charge of a 420 million dollar portfolio who watches free into Forex videos online?

By the way there is a Rudy Coenen in Brussels Belgium who works for Dexia Asset Management, they are two entirely separate people but when asked on the "Dinar Vet" forum Rudy (rudy1167) lied and claimed to be (http://dinarvets.com/forums/index.php?/topic/32843-rudolph-c-post-3/page__view__findpost__p__200396) the Rudy Coenen who really does work in the financial industry.

[And a late edit to add]:

IF as Rudy says, he was a Vice President at JP Morgan Chase and managed a 420 million dollar portfolio, why did't he have health insurance? He had a liver transplant in 2005 (or early 06) and this is a story (http://www.nctimes.com/news/local/article_620f9730-9e5c-50d3-8459-4fefafa82704.html) from a newspaper in Temecula California from which I quote:


Life took a sharp turn for Rudolph Coenen when he found out last fall he had Hepatitis C and needed a new liver. He had to quit his job, accumulated $100,000 in debt from medical bills and may lose his Temecula home where he and his wife are raising their four daughters.


<Snip>


While Coenen anxiously waits for a donor match, friends and neighbors are rallying around his family, planning fund-raisers to help with the burgeoning debt.
Two have been planned so far. The first is Wednesday evening at Stadium Pizza on Highway 79 South. From 5 to 10 p.m, 30 percent of the sales from customers who say they are there for the fund-raiser will go to the family, manager Erika Thomson said.
On Saturday, the Rummage for Rudy community garage sale is scheduled at Red Hawk Elementary School, where three of Coenen's daughters attend. The garage sale was the idea of Coenen and Kelly Ortiz, who works lunch duty at the school. Ortiz also set up the pizza fund-raiser.


I'm not making light of Mr.Coenen's personal tragedy or the hardships it caused and I'm glad he seems to be in much better health today. But the article states he had to quit his job because of the illness and he now claims the job he left was as an extremely high paid position in the financial services industry. Does the article make it sound like Rudy was a wealthy man?

GlimDropper
04-19-2011, 07:54 PM
I have already reported BH and Bayshore to the SEC and FBI. BH is not a licensed securities dealer and Bayshore does not even have a PPM. Rudy has never worked for Chase. Usually when you work for a company for 15 years you include them in your linkedin or plaxo profile Chase is on neither of his. What are BH and Bayshore going to do with the 750,000 they collect if there is no RV? I asked Brad this question and he hung up on me.

It is not possible for the IQD to RV anywhere close to parity with the USD without a LOP. As of March 9th there is 24 Trillion IQD in circulation. Brad and Rudy are lining their pockets and will disappear with 750k.

Welcome to RealScam tmcgraw. :)

Yea, the dinar the BH Group are selling will never significantly appreciate in value but they sell them at a profit so they make their money right away. They are a registered Money Service Business but you are quite correct in pointing out that they are in no way licensed to sell securities but that doesn't stop them from hyping their investment opportunity.

GlimDropper
04-20-2011, 06:49 PM
I could have sworn today was the day the new Coenen Diversified Investments (http://cdifinancial.com/) website was supposed to go live, the "days till launch" counter ticked down to zero but no website yet. I'm sure Prakash will have it up in running toot sweet so in the mean time I had to amuse myself.

More evidence of Rudolph Coenen's mastery of all things financial, his 2010 IRS tax lien (http://www.duvalclerk.com/oncoreweb/ShowDetails.aspx?id=10661417&direct=1). Rudy and his lovely wife owe Uncle Sam $22,804.73 and the lien attaches to the family homestead. This may be were Rudy's expertise in mortgage finance pays off, you see in October of 2005 he signed a mortgage agreement (http://www.duvalclerk.com/oncoreweb/ShowDetails.aspx?id=7204157&direct=1) which was interest only for the first 60 months of it's term so on the date the IRS lien attached, he had accrued no actual equity in his home. Too bad the lien would follow him even if he gets out from underwater on the home but it does make the IRS's hold on him seem a little hollow.

But when you listen to any of the BH Group's Monday night confrence calls Rudy presents an image of himself as being some sort of Wall Street wheeler dealer type with 360 million already committed to his yet to be formed hedge fund and all the big brokerages trying to pick his brain for hints about what financial strategies he'll be using. It's funny that he never mentions being in hock to the IRS or his off again (http://www.duvalclerk.com/oncoreweb/ShowDetails.aspx?id=9677356&direct=1) on again (http://www.duvalclerk.com/oncoreweb/ShowDetails.aspx?id=10044117&direct=1) battle against foreclosure on any of the calls.

I'm not digging all this up out of spite or malice, I've never met the man nor am i likely ever to, but he is holding himself out to be some great financial expert on who's authority people should base their decision to invest in a highly speculative and risky (for them) enterprise. I believe he is flat out lying about having been a Vice President at JP Morgan Chase for reasons stated in a previous post and I believe he's lying about currently being a successful investor and financial manager for reasons stated in this post. It's too bad that the BH Group conference calls don't take live calls because if anyone asked him about the results of the public records search I've linked to here, I'd like to see if he'd lie about them too.

GlimDropper
04-20-2011, 08:04 PM
I found a good link explaining the basics of the Dinar scam, Here is John Jagerson's article on Learning markets dot com (http://www.learningmarkets.com/Forex-Getting-Started/200911031921/the-iraqi-dinar-scam-part-one.html?qh=YToyOntpOjA7czo1OiJkaW5hciI7aToxO3M6Nj oiZGluYXJzIjt9). From which the following video can be found and it explains the basic scam far better than I can:



http://www.youtube.com/watch?v=Z6nRNpWL9gg


And of all the good arguments Mr. Jagerson raises and all the pitfalls he points out he did miss a significant one. He mentioned that a typical hard currency dealer will pay you less for the currency you purchased than the price he'd charge you for it, he mentions 20% but Dinar sellers like the BH Group charge an insane premium to begin with. The CBI lists 1,170 as the number of Dinar to the Dollar but Brad will only give you between 588 to 833 dinar to the dollar. So with all the same long term risks Brad is simply giving you fewer Dinar for your money. I don't think the dinar is a wise investment but if you're going to buy it, call your bank and not some putzes on the internet.

littleroundman
04-20-2011, 08:29 PM
1) Do your research

2) Get educated

3) Start to practice in the live market.

Hmmnn,

and not a word about buying Iraqi dinars over the internet from some guy you have never heard of, who has a fake resume and lies about both his history and the "opportunity" he's presenting.

Sounds like a no-brainer decision to me.

tmcgraw
04-21-2011, 08:31 AM
you would have to be retarded to give Rudy or The BH Group a million bucks. These guys have ZERO experience in emerging markets or infrastructure development. They have ZERO experience managing money and have NONE of the contacts needed to invest in Iraq. This "Fund" is a pipe dream. BH and Rudy will collect 750k from unsophisticated poor people and never be heard from again.

GlimDropper
04-21-2011, 10:29 PM
That's just a bit harsh tmc, intelligent people get scammed too. All our minds play tricks on us and we're all susceptible to influence. You have to understand that Rudy is a very persuasive speaker when he finds people who want to believe what he has to say and he's been a dinar follower for more than a year and a half (http://www.forexpros.com/forums/general-trading-chat/2057-irq-dinar-reevaluation.html). He's had a lot of time to figure out just what sort of "intel" people are willing to buy and how best to try and sell it to them. He's a skilled manipulator but he makes the classic mistakes of a BS artist in the internet age, he lies about things which he can be proven wrong about.

He's transitioned from putting his thoughts into writing to relying more on spoken word formats, that's a good move for him. I'm not talking about his horrible spelling or atrocious grammar, he's a talker by nature and the flow of what he says is more appealing than any individual point he makes. Because quite frankly even though he's a pretty sharp guy he does say a lot of pretty silly things. I forget which call I was listening to but he was arguing that the Iraqi Dinar just had to "RV" close to the value of the Kuwaiti Dinar because if it didn't the oil from Iraq would be so much cheaper that no one would buy oil from Kuwait. If he committed that thought to writing I'm sure even he would have seen the absurdity of what he was saying but in the flow of his narrative it sounded just like he knew what he was talking about.

I am frustrated by the number of people who will lose money to Rudy's lies and Brad's complicity, hell that's why I started this thread. And while the victims here aren't without fault insulting them is seldom the best way to get them to reconsider their opinions. Brad and Rudy are starting to get noticed and not only in the ways they intended and some of their faithful members will be starting to look outside of dinar rumor sites for their "intel." When they get tired of waiting for the RV or as Brad puts it, their Blessing, they'll want some answers. The facts alone will be a hard enough slap in the face that we don't really need to add to it.

tmcgraw
04-22-2011, 06:33 PM
Here's the latest from BH :RpS_scared::RpS_scared::RpS_scared:


I informed Roger from DD that this fund is a scam but he likes their money more than the truth. In fact, he agreed with me the Rudy is a fraud but still pumped them on his radio show. All of these dinar sites prey on gullible "investors" by using their desperation and religious beliefs against them. It's very sad.


APRIL 22nd 2011
Hello BH Group Members..............Here's the latest updates from The BH Group........Check it out!
DINAR DADDY "TID-BITS" CALL: April 20th (FANTASTIC)
This is a MUST LISTEN call sponsored by The BH Group featuring an economist by the name of Breitling and Rudy Coenen given you a perspective to the Dinar that you have not heard before. Please listen to this entire call. Scroll to the very bottom of the webpage to the “Blog Talk Radio” box and press the play button to listen, it may take a minute to load the entire call.
http://theiraqidinar.com

FIFTH THIRD BANK STOPS SELLING DINAR:
Effective April 21st Fifth Third Bank ABRUPTLY announced they've stopped selling Dinars!
USA TODAY Newspaper, Thursday, April 21st:
Check out a front page article about how the Electric capacity in Iraq has doubled since pre-war times and demand has risen 73% in the last several years. It also mentioned how the US has contributed $4.6 billion since 2003 to help Iraq's efforts to increase electricity. In general, it was a very positive article about Iraq's future.
Iraq has doubled its electricity capacity - USATODAY.com (http://www.usatoday.com/news/world/iraq/2011-04-20-electric-iraq-power.htm)
THE NEW YOUTUBE DINAR 101:
Check out the HOME page of our website The BH Group - Dinar Education and Procurement Specialists (http://www.thebhgroup.org) (lower left corner). Leave your "thumb prints" on friends and family by directing them to our Dinar 101 and we'll do the rest!
NEW FREE TEXT MESSAGING SERVICE: You must be a Registered Member of The BH Group
Our newest feature! Sign up for FREE Text Service to announce the RV and other news from The BH Group! (carrier rates apply) To activate your account: Text to: 90210 and then type the message: the bh group You'll receive an auto text back confirming you've been registered by The BH Group for future communications via text. This service will give you instant notice of the pending RV right to your cell! Register with ALL your cell phones.

IRA ACCOUNTS:
The BH Group continues to offer the most competitive rates for Dinar on the Internet with outstanding service and education to match. If you have a traditional IRA or Roth IRA please consider the HUGE tax savings when you self-direct Dinar purchases from The BH Group to your IRA account. Ask us how this works!

LIVE ONLINE SUPPORT:
Under "Contact Us" you'll see the ability to have a live chat with one of our staff! We're here M-F 9am-6pm EST. Please respect our time and only ask pertinent questions that you can't find answers for in our FAQ Section.

EMAIL ONLINE SUPPORT:
We're glad to help you with a periodic email question regarding the Dinar BUT this is not a "Chat Service" where you send in a list of questions! PLEASE respect our time

TRACKING INFORMATION:
You can check your Dinar shipment online by visiting: USPS - Track & Confirm - Put our delivery information to work for you (http://www.usps.com/shipping/trackandconfirm.htm)

WEBSITE ACCESS DIFFICULTIES:
Please use the links available under the "Register/Login" tab for "I forgot my Username / Password" or "I have not received my Activation Email". These are automated links and these services are available 24 /7. If you're still having trouble accessing our website, please send us an email to brad@thebhgroup.org marked "Website Access Difficulties" as the subject line. In the body of the email please include detailed information regarding your issue.

CONFERENCE CALLS:
Our conference calls are pre-recorded every Monday evenings featuring Rudy Coenen, Currency Specialist and posted by 10:00pm EST. You can locate our call by accessing our website at The BH Group - Dinar Education and Procurement Specialists (http://www.thebhgroup.org). Once you're registered, Log In to "Iraqi Dinar," "Weekly Conference Call." Additionally, you can call directly to 712-432-1085 and enter pincode 157219#. This weekly call will be available for you throughout the entire week.

IRAQI HEDGE FUNDS I and II
The BH Group is the exclusive marketing agent for two new Hedge Funds focusing primarily on Iraq, created by Bayshore Capital Investment, Rudy Coenen, CEO. There are only a total of 490 Preferred Investor Seats authorized for EACH fund. For further information go to The BH Group - Dinar Education and Procurement Specialists (http://www.thebhgroup.org) HOME age or OPPORTUNITIES section. Application Fee checks ($750) we've received and cashed thus far from BH Group members have a Seat. You'll receive a welcome packet with your receipt and Seat Number before the end of April. Hedge Fund I will be complete before the end of April and remaining Inception Allocation Forms received will automatically be seated in Hedge Fund II. When funds are complete, investors who did not receive a seat will receive their $750 back.

RUDY COENEN: HEDGE FUND 101 TOUR
Here is the upcoming road schedule as Rudy will personally be meeting with potential Hedge Fund Investors. Hedge Fund I will be sold out by April 30th and Hedge Fund II will most likely be fully reserved by May 30th.
You have to CONFIRM Registration with the Guest Host:
April 30th, Northern, VA (D.C. Area) Guest Host: John O'Neil Cell: 804.687.7550 Email: jpo513@aol.com
May 07th, Toledo, OH Guest Host: The BH Group Email: hedgefund@thebhgroup.org Phone: 419.740.5220
May 11th, Houston, TX Guest Host: Larry & Hollis Stevens: Phone: 281-222-9776 Email:luckyhollis@sbcglobal.net
May 14th, Jacksonville, FL Guest Host: The BH Group: 419.740.5220 Email: hedgefund@thebhgroup.org


Sincerely,
The BH Group

GlimDropper
04-23-2011, 10:53 AM
FIFTH THIRD BANK STOPS SELLING DINAR:
Effective April 21st Fifth Third Bank ABRUPTLY announced they've stopped selling Dinars!This is significant. I detest the unsourced rumor mongering of the dinar sites (but obviously not enough to not engage in a little of it right here) but this is being reported widely enough that I'm willing to give it some credit. 5th 3rd was undercutting the Dinar dealers by a significant amount, giving over 900 dinar to the dollar on purchases of only a few hundred dollars, compare that to the BH Group which only gave you their best rate (833 dinar to the dollar) when you'd pony up at least $2,400. But even at the rate they were selling dinar at, 5th 3rd was clearly making a profit on each transaction so the question remains, why did they stop?

A few of the dinar floggers are claiming that it's because the RV is imminent and 5th 3rd knows that the dinar they hold today will be worth MANY times more dollars than they are selling them for and perhaps as soon as Monday. Well, the same floggers have taken pert near everything as a sign the RV is imminent so just let me offer a not in any way bold prediction. The RV will not happen Monday, a week from Monday or a year from a week from Monday. Quite simply the dinar will never "RV" in the way the promoters and the BH Group pretend it will.

In so far as I can't find this on an official website it's nothing but a rumor but I do see it in enough different places in a small enough time frame I suspect there might be some validity to it. A purported 5th 3rd memo:


Foreign Currency - Iraqi Dinar


Effective Immediately, Fifth Third Bank will no longer offer the Iraqi Dinar currency for sale. Fifth Third offers foreign cash banknotes for the convenience of our customers who travel abroad. The bank does not intend for the service to be used as an investment vehicle. The increased demand for this currency due to rumors and speculation has made it difficult for us to manage within the parameters of the program’s intent, which is to provide currency for the travel needs of our customers. Due to the sourcing and customer service challenges this has caused, we are recommending customers in need of the Dinar make use of local currency exchange at their destination. All other currencies we offer will continue to be bought and sold as usual. We will continue to evaluate the Dinar as needed.Now if we assume the "RV" isn't going to happen (and we do) this makes total sense. The important distinction here, the one that could very well bite Brad Huebner in his butt is the legal difference between operating a Money Service Business and selling an investment. IF the above is an accurate representation of 5th 3rd's policy it seems to me what they are saying is that when all the people buying the dinar as an "any day now, strike it rich" kind of deal realize they've been lied to, 5th 3rd doesn't want to risk being added as a deep pocket co-defendant in the subsequent lawsuits.

Understand that Brad and the BH Group are in no way licensed to sell securities or market investments. All they have is a MSB registration which at best allows Christ to drive them out of any temple they might be operating in on passover, in short they're money changers. They're allowed to earn a reasonable fee for the service of exchanging currency but when they tell you the reason to buy dinar is because it will greatly appreciate in value they are breaking the law. It seems that 5th 3rd is getting some good legal advice and realizes that what ever small fees they earn for converting dollars into dinar aren't worth the potential litigation expenses from deceived and disappointed dinar investors. Be clear, their liability is very arguably non existent but the place they'd have to argue that point is expensive even when they win.

laidback
04-23-2011, 12:24 PM
From what I can see, the info about 5/3 stopping sales of the Dinar was from an email to "Dinar Daddys", c & p here:

Email from Member:

Today(01/30/2010) We went to a Fith Third bank here in central Ohio. We have purchased dinar there many times, but today we were told by the manager that Fifth Third is no longer selling dinar as of yesterday. I asked for an explination and was told simply they could not give a reason. I don’t know if this is a good or bad thing….I just though I would share. By the way, I did not think to ask if they were buying, only because I was not there to sell. Thanks….
the location here: 2010 January | Dinar Daddy&#039;s Tidbits (http://theiraqidinar.com/2010/01/)
Important to note that this is third hand evidence, and as such mostly useless.

scratchycat
04-27-2011, 10:18 AM
Right up front I will tell you, I know little about nor do I understand much of this but I have been reading your postings here. This morning I came across some strange information concerning Iraqi Dinars. Whether it has even an inkling of truth in it, people are buying into this stuff. Here is a quote from the page and you can see for yourself where this leads. I have no facts and would not trust these statements but it bears looking into.

In a sign the Federal Reserve Board crime syndicate is on its last legs, the US Embassy in Tokyo, Japan is selling Iraqi Dinars and US dollar cash bills via yakuza gangs in order to pay its bills, according to yakuza sources. The bills are being sold via corrupt officials in the Tokyo public prosecutors’ office who are then selling them to yakuza gangsters in exchange for Japanese yen, the sources say. One Iraqi Dinar was worth $3.8 before the US invaded but fell to 2 cents afterwards at which point the Feds bought them all up, according to MI6 sources. They are now selling them worldwide, along with blacklisted US paper bills in order to keep the Federal Reserve Board and its Washington D.C. subsidiary going a bit longer. Buyers beware because you will sooner or later find out you traded good money for high quality tissue paper.



FRB selling Dinars & dollars to pay US embassy bills (http://kauilapele.wordpress.com/2011/04/25/ben-fulford-april-26-2011-frb-selling-dinars-dollars-to-pay-us-embassy-bills/)
For the other part of this article, I believe a new subject could be started here in RS. The New World Order (or something).

laidback
04-27-2011, 11:58 AM
Right up front I will tell you, I know little about nor do I understand much of this but I have been reading your postings here. This morning I came across some strange information concerning Iraqi Dinars. Whether it has even an inkling of truth in it, people are buying into this stuff. Here is a quote from the page and you can see for yourself where this leads. I have no facts and would not trust these statements but it bears looking into.



FRB selling Dinars & dollars to pay US embassy bills (http://kauilapele.wordpress.com/2011/04/25/ben-fulford-april-26-2011-frb-selling-dinars-dollars-to-pay-us-embassy-bills/)
For the other part of this article, I believe a new subject could be started here in RS. The New World Order (or something).

Actually, the entire thrust of that article is about conspiracy theories, evil government acts, etc.etc. I get a little glassy-eyed when someone starts putting out crap like, "Instead, evidence that Japan was deliberately attacked with a earthquake and tsunami triggering seabed nuclear weapon is mounting."

GlimDropper
06-21-2011, 07:21 PM
I was listening to yesterday's BH Group conference call, there were rumblings in the dinarosphere and it seems like word of this thread is getting out there (thanks TMC). Brad Huebner issued something of a challenge to the people being critical of Rudy Coenen. I just sent him the following E-Mail:


Greetings Mr. Huebner,

On this weeks BH Group call you delivered a challenge to the individuals who were calling Rudolph Coenen's integrity into question and I'm taking you up on it. Before I explain let me make one thing perfectly clear, unlike most of Rudy's critics I am not involved in the dinar scene. I do not buy them, sell them or market any dinar related services. It may seem like a strange hoby, but I'm a connoisseur of con artists and am sure Rudy is just that.

I don't recall just now what I was looking into when I first encountered Rudy but within moments of hearing him speak I knew he was a player. As I kept the interview playing in one browser window I was digging into his story in another. Needless to say his story doesn't hold together and let me show you why.

First of all his most important claim, that he was a VP at JP Morgan Chase in charge of a 500 million dollar portfolio is provably false and for more than one reason. First of all if he was working as a principle in a brokerage he would need to be licensed to do so, this is a point I'll return to but for the moment let me give you links to a couple websites. The first is FINRA BrokerCheck (http://www.finra.org/Investors/ToolsCalculators/BrokerCheck/) and the second is the SEC's Investment Adviser Search (http://www.adviserinfo.sec.gov/%28S%28pvbshejidjzh30b03adm2xbp%29%29/IAPD/Content/Search/iapd_Search.aspx) page. If anyone by the name Rudolph Coenen was licensed to sell securities in any of the 50 states and within the last decade, it would show up in those databases. But it doesn't.

Also, several time when relating the JPM story Rudy makes mention that he left that position in 2005 for health reasons, he needed a liver transplant. This part of the story is absolutely true, he was living in Temecula California and later moved to Florida because the availability of donor organs was much greater than in California. I've never met Rudy or Maribel but I believe you have, can you tell me if the photo accompanying this 2005 newspaper story (http://www.nctimes.com/news/local/article_620f9730-9e5c-50d3-8459-4fefafa82704.html) is indeed them? I'm quite positive it is.

I find it interesting that the story is not about a wealthy man with the sort of health insurance a VP at a major investment firm is sure to have, it's a rather touching story about a community coming together to help out an unemployed father of four. Before and after his transplant Rudy was a sub prime mortgage broker and if the housing market didn't tank he'd still be selling no doc loans.

Is that Rudy's only lie? Hardly. He postures himself as some sort of successful investment adviser, on one of your calls Mr. Emmenecker asked Rudy a transparently planned question about his financial situation. Rudy replied that he didn't need the dinar to RV that he and his family were already "quite blessed" in that regard. As to him being any sort of investment adviser you already searched for his name in the federal databases, just to touch all bases look to see if Rudy has any sort of license to sell securities or even to charge for investment advice in the State of Florida (https://real.flofr.com/ConsumerServices/SearchLicensingRecords/Search.aspx). He isn't, is he?

OK, so he isn't a broker or investment adviser is there any reason to suspect he isn't as wealthy as he claims? Of course there is. Go to the Duval County Clerk of courts website (http://www.duvalclerk.com/ccWebsite/recordSearch.page), Perhaps data mining isn't you strong suit, I have a lot of practice with it so let me just give you a few of the better links. Here is his IRS tax lien (http://www.duvalclerk.com/oncoreweb/ShowDetails.aspx?id=10661417&direct=1), he and his wife still owe better than 22 grand for the 2007 tax year. He has a sorta on again (http://www.duvalclerk.com/oncoreweb/ShowDetails.aspx?id=9677356&direct=1) off again (http://www.duvalclerk.com/oncoreweb/ShowDetails.aspx?id=10044117&direct=1) battle with foreclosure and I believe Florida is one of those states where a judge needs to sign an order before the bank can repossess a vehicle and the 6th of this month (http://www.duvalclerk.com/oncoreweb/showdetails.aspx?id=11192609&rn=114&pi=7&ref=search) a judge did just that to Rudy. Hey, the good thing is we finally have proof of a relationship between Rudy and JP Morgan Chase, they were the bank holding the loan Rudy defaulted on.

Let me recap, Rudy never worked for JPM, he's never been licensed to sell investments of any kind and prior to finding someone to help sell his imaginary hedge fund he was close to dirt broke. Mr.Huebner let me tell you something about con artists, they make you feel good about yourself. They have that personal touch that honest sales persons would kill for, the whole Dale Carnegie deal down flat. They push the right buttons to make you feel smart and for you to feel so special that you never stop to ask important questions at the right time. Today, your professional reputation is tied tightly to one Rudolph Coenen and you don't know him nearly as well as you should.

I help run a web forum, RealScam.com. I started a discussion about you and Rudy a while ago, in case you've never seen it you can find it here (http://www.realscam.com/f12/bayshore-capital-investments-bh-group-651/). Rudy isn't the only one I've done some digging on but honestly, I can't get a solid read on you. I'm tempted to think you might be something like a victim here. Rudy leaves a trail of slime that easy for someone like me to spot, you don't seem to. So in responding to the challenge you issued on your recent call for proof of claims against Rudy, I feel I've done that. So I'm issuing a challenge of my own. Respond to this letter publicly. I will post it in it's entirety in the discussion thread linked above and hope that you will either tell me how what I've said is incorrect or after verifying this information for yourself, what you and the BH Group will do about it.

And thank you sir for your time in reading this.

I rather doubt Mr.Huebner will trouble himself with responding on this forum but in the event that the authorities realize that Rudy isn't the only one selling investments without the proper licenses I want to be sure the prosecution can prove that Brad was in fact warned about his buisness partner.

Soapboxmom
06-21-2011, 09:34 PM
Brilliant work Glim! There is nothing as satisfying as digging deep and exposing the truth! This will be great to watch!

Soapboxmom

GlimDropper
06-26-2011, 10:48 AM
There's been some potentially big news about the Iraqi dinar:

Iraq’s Central Bank to delete zeros from Iraqi currency. (http://www.alsumaria.tv/en/Iraq-News/1-65688-Iraq%E2%80%99s-Central-Bank-plans-to-delete-zeroes-of-Iraqi-currency..html)




Saturday, June 25, 2011 09:23 GMT

Iraq’s Central Bank announced on Thursday that it is planning to delete the zeros from the Iraqi currency.

This step is one of the bank’s strategic missions; the Central Bank said adding that the new currency will include the Kurdish language in addition to the Arabic language.

<Snip>

“The project of deleting zeroes is complete. It will be submitted to the central bank’s administration in the next session. Then, it will be passed to the ministerial council before presenting it to the Parliament for vote. The mechanisms of changing the currency will be gradual. It will be preceded by awareness campaigns for citizens”, the adviser of Iraqi Central Bank governor said.

“The new currency will be printed after deleting the zeros and will include the Kurdish language in addition to the Arabic language. It will bear as well photos of Iraq’s civilizations and patrimony in addition to symbols of Iraqi intellectuals and figures”, Saleh noted. This is pretty bad news for the dinar pimps in so far as it looks very much like, pending approval of the Iraqi Parliament, the dinar is going to be redenominated in the same way several other currencies have in the last decade and that is emphatically not what the pimps were selling.

Imagine the US had gone through a period of hyper inflation. The McDonald's dollar menu is now the $1,000 menu and the Big Mac meal costs six grand. But it's ok because minimum wage is $7,000 an hour. One, ten, and fifty thousand dollar notes are what we carry for daily use and on the way out of the super market you might hand your kid a $50 bill for the gum ball machine. That's not all that far from the current state of the Iraqi economy with nearly 1,200 dinar adding up to a single US dollar.

Well, after we stabilized the economy and brought inflation under control it would be a practical step to re-denominate our currency. Print up a completely new set of notes and have banks exchange the old ones for the new ones at a rate of 1,000 to 1. One new dollar would have the same purchasing power as 1,000 old dollars, small fries at McDonalds are back to 1 buck but minimum wage drops to $7/hr but the number of small fries one hour of minimum wage work can pay for remains unchanged. That is how a re-denomination works.

But you see, this isn't the delusional "blessing" the dinar pimps have been selling. Under a re-denomination the value of each unit of currency increases in direct proportion to the decrease in the notes face value. In my little example above one "new" dollar is worth 1,000 times more than the "old" dollar but you have 1,000 times fewer of them. What the dinar pimps are selling is that the value of each dinar will increase by an order of magnitude but without new currency being issued or any reduction in the face value of the dinar. In short they are claiming the total value of Iraq's currency will, at the stroke of a pen be 1, 2 or 3,000 times higher than it is today so you should run out and buy as many of them as possible today, from them, at a vicious mark up.

The dinar pimps are already hard at work explaining how the news story linked above doesn't mean what it says. Several cockamamie irrational answers are already being floated, my personal favorite in that only the dinar physically inside Iraq will have the zeros removed and all the 10 and 25 thousand dinar notes the dinar fans are holding will appreciate the same way the in country dinar will only without the corresponding reduction in face value. Others are denying that new currency will be issued but rather smaller denomination dinar will begin circulating. This despite the article clearly stating that new currency which will include the Kurdish language is all part of the plan. I'll be interested to see which ones Rudy will latch onto for tomorrow's BH Group call.

And as to Mr. Huebner, he did in fact get back to me. He didn't ignore me or dismiss me out of turn but he asked for a little time to address my concerns. Given the tone of his reply I'm inclined to give him a small amount of time to do that but I am expecting to hear back from him further.

GlimDropper
07-02-2011, 07:30 PM
Et tu Hueber?

Dude had me snowed. The first e-mail I sent him is posted above and he did reply. After the typical tirade against internet screen names he voiced some genuine concern over what I had shared with him. He told me he does value his professional reputation and told me he would hire an independent third party to investigate Rudolph Coenen's background and qualifications. He pointed out that Rudy was his friend as well as his buisness partner so asked I didn't make mention of the investigation until it was completed and I was willing to give him a little time to perform his own due diligence. I'm dealing with a few personal issues so I didn't get an opportunity to listen to this weeks BH Group confrence call till last night.

This link is a bit clumsy but it's a clip from that call. (http://MySpaceFileHosting.com/lmzhr/Rudy_June_27th_2011.mp3.html)


So, Mr.Huebner didn't perform any due diligence after all. It looks like he just asked Rudy if Rudy was lying and Rudy said no. That must be good enough for ole trusting Brad. And for archival purposes that was Xango's own Charlie Emmenecker playing cheer leader at the end of the clip.

Mr. Coenen, I think you're mistaking me for someone who buys into your hype and refuses to ask questions. All your "RV Intel" sounds great if you have an emotional need for it to be true and that outweighs any desire on you part to think rationally about it. You and Brad are making a lot of money off of people like that but I'm not one of them.

I have many opinions about you sir but I honestly don't think you're stupid enough to sue me. It might be amusing if I was wrong about that but I don't think I am. Truth is an affirmative defense against a claim of defamation and I back up all my claims against you with proof. You ought to try that some time, say something and then prove it's true, it might be a refreshing change for you. Now I admit being a plaintiff in a law suit would also be a refreshing change for you but I suppose all your many trips to the court house in the last few years may have acquainted you with the word, Discovery (http://phonl.com/fl_law/rules/frcp/frcp1280.htm).

You see, for all the things I can prove about you there are several things I can not. But if you were to be so incautious as to make anything I've said on this page the basis of a lawsuit it all become material to that suit. Your tax records, including your IRS lien (http://www.duvalclerk.com/oncoreweb/ShowDetails.aspx?id=10661417&direct=1)will be entered into evidence. As will your banking records, including last months Judgment in Replevin (http://www.duvalclerk.com/oncoreweb/showdetails.aspx?id=11192609&rn=114&pi=7&ref=search) which allowed your truck to be repossessed. The buisness records for your string of businesses which were administratively dissolved will be asked for and the records for your active businesses as well. You see, I can't prove that you've earned more money in the last few months off of non refundable application fees to a hedge fund which will never exist than you have earned in the last 3+ years combined, unless you sue me that is. Balls in your court Rudy.

One point I'll quickly correct you on in your reply to me on this weeks BH call, I never attacked you personally. I only attacked you professionally. Your professional credentials do not exist in a field where every consumer protection website on the planet agrees, beware of unlicensed investment advisers, a whole hell of a lot of them are scam artists. I stake my reputation as a researcher that you do not now nor at any time in the last decade have you ever held any professional license or credential in the fields of investing or finance. I'd be astounded if you could prove me wrong.

There's another reason threatening to sue me is kinda stupid, I was getting bored with you and the dinar scene. My remaining interest was the completely unfounded notion that Brad Huebner may have been making an honest mistake in trusting you and using you to help sell his dinar investment. Please understand, I still think he's making a mistake only now I know it isn't an honest one. So you go and issue threats, such a wealthy and accomplished individual as yourself is a person to be reckoned with so what would you expect me to do? I make sure I have my facts straight.

Funny thing about retracing your steps, you sometimes find some things you previously missed. A simple search over at the Duval County website (http://www.duvalclerk.com/ccWebsite/recordSearch.page) did give me a list of your court cases but I had been overlooking their ShowCase (https://showcase.duvalclerk.com/Login.aspx?ReturnUrl=%2fSearchForCases.aspx) search utility. I was, and still am only interested in information about you that refutes your claims to be a wealthy and accomplished investment analyst and the peccadilloes of your life didn't serve that objective so I never mentioned them. But ShowCase gives me the docket entries and that changes things just a little bit.

(Note on the following links, you need to sign into ShowCase to see them, just click the Public Access button and you should be good)

Let's start small. here is one (https://showcase.duvalclerk.com/ViewCaseDetails.aspx?id=10191539&court=0) of two citations Rudy earned for housing code violations on the same date. Please note the last line:



8/23/2010 1 GUILTY - FAILURE TO PAY CITATIONI wonder if Rudy will give us a list of rich and famous people who incur fines and interest penalties for failure to pay their housing court fines in a timely fashion. .

Now This is a clear example (https://showcase.duvalclerk.com/ViewCaseDetails.aspx?id=9828601&court=0) of the sort of thing I was previously uninterested in because I didn't see how it impeached Rudy's "I'm a rich man" story and quite frankly, we all make mistakes. I've personally never had a DUI arrest but in my wayward misspent youth I might have been eligible for one. But please note the following:


10/20/2009
APPLICATION FOR CRIMINAL INDIGENT STATUS - FILED
10/20/2009
DEFENDANT DECLARED INDIGENT, ORDER APPOINTING PUBLIC DEFENDER - FILEDSo, there's Rudy facing a property damage DUI and he swears to the court that he can not afford his own attorney and requests a public defender. I wonder how many wealthy people do that? But surely, that was a one time thing.,...

Now, this one (https://showcase.duvalclerk.com/ViewCaseDetails.aspx?id=9380893&court=0) I'm not going to joke about or even comment on. I've known about it but until Rudy encouraged me to dig deeper I didn't think it had any relevance to his financial situation so didn't find it worthy of discussion. But again we see:


4/12/2009
DEF. ADJUDGED INSOLVENT PUB. DEF. APPTD.
4/12/2009
ORDER DETERM. ELIGIBILITY FOR COURT APPOINTED COUNSEL
4/12/2009
APPLICATION FOR PUB. DEF. AND AFFIDAV. OF INSOLVENCYOnce again, Rudy was facing a situation of significant legal consequence and he responds by swearing to the court, under penalty of perjury and signing an Affidavit of Insolvency that he could not afford to pay for his own attorney.

Was he lying to the court then (and a year and a half later) or is he lying to all of us now?

In Rudy's little tirade to me he mentioned that he was using the foreclosure process as a tactic to renegotiate his mortgage. Let me congratulate him on his success (https://showcase.duvalclerk.com/ViewCaseDetails.aspx?id=9840207&court=0) in that endeavor. One quick note, he claims to own "many" buildings in the Jacksonville area, I can only find one in his name and it is he personal residence and the one previously facing foreclosure. Perhaps he owns many more in names other than his.:


6/22/2011
MOTION FOR SUMMARY JUDGMENT OF FORECLOSURE AND TAXATION OF ATTORNEY'S FEES AND COSTS
6/22/2011
AFFIDAVIT AS TO INDEBTEDNESS
6/22/2011
AFFIDAVIT AS TO TIME, EFFORT AND COSTS
6/22/2011
AFFIDAVIT AS TO REASONABLE ATTORNEYS FEES
6/22/2011
NOTICE OF FILING LOAN MODIFICATIONSo, after paying the bank a sum of money, their court costs, expenses and reasonable attorney fees they agreed to a new payment schedule and Rudy is no longer being foreclosed upon. I find the date interesting given the original notice was filed nearly two years ago. Why, it's almost as if Rudy recently came into a serious chunk of change. Could it be the $750 application fees from what Brad tells us were nearly 1,000 people hoping to join Rudy's phantom hedge fund?

Did Rudy use part of the $750,000 (or near to it) people invested with him to pay what are clearly personal expenses? Unless Rudy tries to sue me I can not prove he did. But the fact that he was only able to pay his note holder enough money to get them to cancel the foreclosure AFTER he began advertising his hedge fund on Brad Huebner's BH Group calls does look a little suspicious. In my opinion at least.

There are other cases I could link to and other topics I could delve into, with people like Rudy I get the feeling that the more you dig the more you find. But I think I made my point, the things that can be verified about Rudolph Coenen directly impeach what he says about himself on the dinar calls. He is emphatically not licensed to sell investments or investment advice and a great deal of people who market unregistered securities are con artists. As far as me giving Rudy a phone call? I hardly see the point. When I download the BH Group calls I can listen to him lie any time I like (and save it for archival purposes) I feel no attraction to hearing him do it to me directly. Besides, if I am motivated to call Florida it would be to the Florida Office of Financial Regulation.

skeptic1
07-19-2011, 01:48 PM
GlimDropper,

I appreciate your information. I have dear friends who have been taken in. Have you checked Coenen's military record? Someone checked and found he did less than one year in USMC and was dismissed. I don't know how to check on this but Coenen claims he had a 12-year career and was wounded in Desert Shield or Desert Storm. He claims liver transplants cost over a million dollars, which they don't, and why didn't he get VA med benefits if he got Hep C from a transfusion after his injury in battle?

Lordsprayer
07-22-2011, 06:23 PM
Tony Breitling is another of the dinar intel guys is he the same Stephen Anthony Breitling arrested for fraud?

GlimDropper
07-24-2011, 12:28 PM
Greetings Skeptic1 and Lordsprayer, welcome to RealScam.

I have seen more than one person claim that Rudy may be exaggerating the length of his military service and that his discharge might have been other than honorable. But I've seen no proof of these claims so consider them unsourced rumor. I looked into official channels for acquiring verification but it seems that in order to get that information about a living former service member I'd need his expressed permission which I'm rather certain he'd never grant (this is an absolute perfect opportunity to prove me wrong Rudy).

But in my experience when a flim flam man waves something around like it were a flag, it tends to be a red one. Scan this thread again and see that the first post on the second page is the first one questioning Mr. Coenen's service yet in his scripted and well rehearsed response to me (see the first link in post #25) he uses his military service as a reason no one like myself should ever question someone like him. I find that interesting, defensive over reactions frequently indicate a point of sensitivity. What is he so sensitive about?


Tony Breitling is another of the dinar intel guys is he the same Stephen Anthony Breitling arrested for fraud?

VERY interesting speculation Lordsprayer and one I'm rather sure I've not seen written before. But the possibility that "Tony" Breitling may in fact be Steven Anthony Breitling (http://www.ftc.gov/os/caselist/0823101/index.shtm) has been sorta a pet theory of mine for a short while now (and I do believe it's Steven, not Stephen).

My problem is at the present time I can't prove it. Steven A's fraud was telemarketing based and didn't make extensive use of the internet, I'd love to have found an old YouTube link with his sales pitch but I don't think one exists. "Tony" claims to be an investor from Las Vegas and there is a well known and highly respected entrepreneur, Thomas Breitling who hails from there. In addition to Mr.Breitling's other very impressive accomplishments he's also a published author, here's a link (http://www.tombreitling.com/) to the sales site for his book Double or Nothing. I mention this because there are a few video interviews with Mr.Breitling making it very simple to compare voices and prove that Thomas is most emphatically not "Tony" Breitling. Thomas has a son listed as working for one of his companies but since he's only 42 yeas old I wouldn't expect his son to be much older than about 20 and I'm sure you'll agree from listening to "Tony's" calls, he sounds rather older than that.

I'm not certain how interested I am in "Tony," or many of the other "gurus" for that matter. The entire dinar scene would make a worthy study in aberrant psychology (which may explain my interest in it), it's almost like watching mythology taking root in a parking lot. We have people like "Tony" preaching that the lower denomination dinar notes are somehow more valuable that the higher denomination ones and then openly boasting about the profits he makes from selling the lower denom notes on the "secondary market" (eBay). Anywhere other than dinar world people would put two and two together and realize that the person who was selling you on the idea that the smaller denomination notes were of greater value than the higher denomination notes (let's let that sink in for a moment), was by his own admission selling those same low denom notes for a profit on eBay and start to wonder about his motives in preaching the inflated value of the notes he was selling. But not the dinar world, "Tony" Breitling is just an investor like all the rest of you and he donates so much of his time to offer so much valuable research free of charge that anyone who ever questions his motives automatically exposes themselves as a dinar heretic or much worse, an unbeliever who's opinions must be dismissed out of hand in interest of the greater faith.

I honestly do feel bad for the people who are getting scammed here but sometimes I wonder why. I don't mean to denigrate religion when i say this but the dinar scene is a faith based movement. There are no objective facts that in any way indicate that what the gurus are selling will ever come to pass, it certainly has never happened before. But so elaborate is the mythology and so fervent are some people's faith that they know, they just know the "RV" HAS to happen. Brad and Rudy have likely taken in more than three quarters of a million in the last few months selling this faith and they're about the only ones I've bothered with. They at least told you their real names and that will prove to be a mistake. The dinar crowd is all too happy to get their investment advice from people with names like Okie and Scooter because quite frankly facts here are not only not important, facts have a clear anti-RV bias so must be ignored to preserve the faith.

I did see that DinarBank was slapped with an injunction (http://www.corp.ca.gov/ENF/pdf/2011/USDinarBank_dr.pdf), another dinar dealer down the drain. How long till the BH Group gets their own version of the same letter? And little by little more "intel" is coming to light about the RV gurus. "Checkmate" Dan Atkinson is so dirty even Phil "the one man internet crime wave" Piccolo calls him a scammer (http://www.reachon1.com/view_message.php?id=1497@&mailid=418043). "TonyTNT" aka Tony Renfrow not only ran the ponzi scheme 14DailyPro but he also ran the only payment processor you could use to move money in and out of the program. When the ponzi bubble burst Mr.Renfrow didn't need to worry about chargebacks. And while I can't confirm this it does come to me from a very trusted source but "Okie Oil Man" is a collaboration of more than one author one of whom is Tommy Styles of GreenZap fame. Tommy is also known in the dinar world and a few other scams as "Neno."

BlueOrchid
07-27-2011, 10:52 PM
Many thanks for the information! Very enlightening.

Gregg
07-27-2011, 10:56 PM
Hey Glim!

Look, the Dinar pumpers are gonna put out a hit on me. First I had that talk with a friend at 5/3 and they quit selling Dinars.



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Re: Dinarpaloosa

Postby Gregg » Sat Apr 23, 2011 2:08 pm
I think this may actually be my fault.
I know Jim Hubbard socially, (he's pretty high up in 5/3, we went to school at the same places but not really together, but Cincinnati isn't that big a town) and about 6 weeks ago I happened to be in the same place as him and brought it up. He told me he wasn't aware of the dinar mania, that the bank knew it was technically illegal to have dinars but they we selling them under a loophole that allowed them to sell them to people traveling to Iraq. When I told him about the RV fools, he kind of joked he would have to get the traders on the 10th floor (the 10th floor in 5/3 tower on Fountain Square is where the banks trading and forex departments are at, also corporate tax is on the 10th floor) to load up on them, but as most dinaridiots would think this was some sort of confirmation, he was clearly joking. Anyhow, by a casual friendship and a chance conversation, I may have gotten 5/3 out of the the Dinar business.

Now this, which IIRC you asked me to look into and I told you I made a few calls about and then this happens


IRS raids downtown Toledo business

BLADE STAFF

The IRS raided a downtown Toledo business Wednesday morning.

Craig Casserly, spokesman for the IRS criminal investigation unit, could not comment on what businesses was raided in the 19 N. St. Clair St. building because legal documents were sealed in federal court. He expected the documents would be sealed for “quite awhile.”

He said agents were there on “official business” and that he believed the IRS was the only agency at the building.

A woman who works at Fricker’s Restaurant, which is in the same building where the raid took place, said the IRS came in about 10:30 a.m. but did not know which business was raided.

The building is home to several businesses, including Fricker’s; Milewski, Smith, and Tschantz; Commercial Energy Products; The B. H. G roup, and Fracture Design.

The door to the offices was locked Wednesday evening and a special code is needed to access the elevator. There is a buzzer next to the elevator to call the different agencies, but no one answered.

The Lucas County Auditor’s Web site lists three different owners, including Right Field LLC, Lucas County Commissioners, and John M. Wilson and Arlene Singer.

http://m2.toledoblad...business-2.html

Gregg
07-27-2011, 11:05 PM
To expand a bit, the energy company is a registered Ohio corporation, apparently, the BH Group wasn't (makes it harder to trace an unlicensed investment advisory when you don't register it) so the people buying overpriced Dinar made their certified checks out to the energy company, and according to someone I know, wasn't reporting the income on the dinar sales. Which will all come out in the end, but the IRS was just a convenient way to get the books, the BH Group is gonna have problems with the hedge fund, the requiring you buy Dinar from them to get into the hedge fund, the non refundable reservation fee of the hedge fund etc.. that's gonna get them in trouble. By overtly marketing Dinar as an investment they violated the law in regards to their touted MSB license from the Treasury Dept. so that'll be revoked. Don't for a minute think the IRS is the only agency they need to come to Jesus with, the Department of Justice is a bit more than curious, too.

And I didn't know Rudy was running 14DailyPro, that's an interesting little tidbit and I can't see him explaining that to the people he's going to be explaining himself too before long.

BlueOrchid
07-28-2011, 06:52 AM
Rudy was not the one running 14DailyPro. Look up Tony Renfrow.

GlimDropper
07-28-2011, 08:39 AM
Greetings BlueOrchid, welcome to RealScam. And Gregg, you (as always) are da' Man. :)

I tried to warn Brad, asked him to speak with an attorney verify what I was telling him about. Well I'm sure he's speaking with his lawyer now but it would been better before the FBI raided his office.

Let me just send a heart felt thank you to state and federal law enforcement, the people who took calls and letters from so many concerned and proactive citizens and then took action with the information they were presented with. I have no idea what the investigation will turn up (well, that's not true ;) and please do recall that we are all innocent until convicted, but in my humble opinion a potential million dollar plus fraud has, for the moment at least, been shut down and I just want to thank all of those who did their part in making that happen.

BlueOrchid
07-28-2011, 08:50 AM
GlimDropper, LOVE your thread! And thanks for the welcome. It would be awesome if you could continue digging....and shedding light on the gurus/pumpers....

Much appreciated!!

Gregg
07-28-2011, 07:39 PM
Well, the Dinaridiots are all aflutter over this. What I find amazing is how many of them on Dinar Vets chime in with "What crooks, glad Adam isn't like that" (Adam Montana, the alias of the guy who runs DV and has a rather expensive "VIP" plan where he'll help you cash in when the big day comes), and sells E Books about "real intel" and as mentioned, why you should cah in in Belize and in Euros. The IRS had one of those open house weekends a few weeks ago and they buzz was it was for people to come pay their taxes on their newfound "blessings".
There is an ongoing debate on how Obama is holding up the RV, how Congress isn't just arguing about the budget, but how much tax they're gonna make on the blessing...DV is better than most, on some sites I swear if a celebrity were to buy a new car they'd find a reason why that was the last piece of the puzzle for the RV to happen...

Kids, there ain't gonna be an RV, Iraq is a dirt poor third world single product commodity economy. The Dinar's current rate of 1170/$ is artificially supported, if they remove three zeros, that's 1.17/$ and if allowed to float it would drop down to about .85/$. These poor people are getting scammed six ways from Tuesday by everyone in the culture save the naysayers who tend to get banned pretty quick. (DV banned me within an hour of joining, someone posted the statement "Iraq is or should be the wealthiest nation on earth" and I pointed out the GDP of Iraq was half that of Mexico, not a popular fact in those parts I guess)

So, typical of most scams, they'll believe the most incredible stuff from anonymous sources like Okie Oil Man (reported to be a grocery bagger), Frank something a typical Holy Roller Prosperity Gospel spouting crook with ties to MLM scams, HYIPs and what not, but a PhD Economist who used to work for the Federal Reserve gets banned for trying to explain very basic monetary science. They tend to believe a varied mix of Tin Foil Hat bullshit and the general knowledge of how government, finance and banking work would shame a retarded monkey on crack.

But, that's entertainment!

GlimDropper
07-28-2011, 07:55 PM
Rudy Coenen has wasted no time in distancing himself from his "exclusive marketing arm," The BH Group. It's fairly hilarious in more than one way. I have archived Rudy's appearance yesterday night on Frank26's (Frank Villa) confrence/prayer call. I'll post the relevant audio tomorrow. And now that Brad's ass deep in alligators it might be time to look into Frank's end of the swamp.

But don't worry Rudy, I wont forget about you. ;)

Gregg
07-28-2011, 08:00 PM
Someone has asked whether the people holding dinars bought from MSB business's might be confiscated at contraband. The short answer is probably not, although the notes held by the Currency Bank site, (provided they are actually all there, a risky bet I'd say) are a different story altogether. While notes you hold might be hard to prove how they come into the country illegally, not so the ones held in a central location where they were sold under a permit that allowed the seller to provide notes for use in travel etc... but then were not delivered, in fact held in a quasi-investment kind of pitch, well, that's another story.

Someone go tell them that if they have notes at that place, they need to get them, and if they think it can't happen, have them google "bernard von nothaus liberty dollar" who is not only in Federal Prison, but had thousands of customers whose Libbies were indeed confiscated and despite Bernie saying he's fighting to get them back, he ain't gonna.

GlimDropper
07-28-2011, 10:00 PM
Just a quick note and kinda a shout out.

Critical thinking is like common sense, we all think we're as good at it as we need to be with them and when the circumstances of our lives give us reason to wonder if maybe we aren't as shrewd as we all know we are, well there's always someone else to blame for that. Isn't there? I'm not pontificating, I know better than anyone what kinds of damn fool I can be at times.

I don't claim to be some sort of SEO expert but I try to manage this sites "linkbacks" as often as i can, which brings me to saying "Howdy Dinar Vet members." I don't have the same opinion of the "RV" as you do but I've had some time to read the threads on your forum that link to this thread and I feel we share the same opinion of scam artists (we're against them).

Before I start typing here just let me acknowledge a few posters over at DV. I do thank and encourage the few people who post there and here as well. But more directly I want to warn coolbeans, NYer and a few others that if you don't stop digging for facts about the people you get your "RV" intel from, well you just might not accept "RV" intel from anyone. That's sorta a joke which doesn't mean it isn't true but I appreciate talent when I see it and make mention of it when I do.

Which brings me to a few quick points:

~ Never take investment advice from anyone who will not tell you their real name.

There are large segments of society to whom the above statement is somewhere between an axiom and just plain common sense. I mean if you don't evaluate your provider of investment advice entirely on how good they makes you feel about your self you might have to stoop so low as to ask for ~shudder~ verifiable information and we all know where questions like that lead you. Straight out of the dinarosphere.

Rudolph Coenen is the exception that proves this rule. Rudy DID give his real name but he was counting on the love and affection he'd earn from telling you exactly what you wanted to hear to keep you from caring about how much he was lying. I'm not smarter than you are I just never had an emotional need for what Rudy said to be true, which is why it took me less than five minutes of hearing him speak to know he was a con.

The other gurus are smarter than Rudy because no matter what angle they're playing and no matter how they're getting paid (or hoping to be paid), they never gave you their real name. For good reason too, This thread and others even on your own forum show conclusively the history of many of these gurus. Did you think they never abused the trust they inspire for non dinar related reasons before? No, many of your "trusted" gurus have extensive and documented histories of ripping people off. Do you understand why they don't want to tell you their real names? Do you now understand why you should want to know their real names?

~What's the difference between a "Guru" and a "Pumper"?

A "Pumper" is someone who feeds your hopes AND feeds off them where a guru just feeds your hopes. But we all got bills to pay so if a guru can feed your hopes who cares if they turn a buck or two? Where is the line drawn?

Rudy and Brad (together, in partnership) pulled in over $750,000 selling non refundable application fees to a hedge fund which will never exist. That makes them pumpers, right? But "Breitling" is one of the most respected gurus in the trade despite the fact he played second fiddle to Rudy on Brad Huebner's BH Group calls. As of yesterday Brad is as toxic as nuclear fallout but Rudy and Breitling are going on their merry way with the respect and admiration of many of you. Well, maybe not Rudy but "Tony" is still aces.

Does it bother anyone that Breitling is the guy telling you all that the lower denom dinar are the really really valuable ones and he admits to selling lower denom dinar on eBay for personal profit? I like how he boasts about doubling his investment even before the "RV" by being smart about playing the secondary market. What the secondary market for dinar (hint, it's eBay). Do I need to spell it out? He cultivated a following, people who listen to and trust him. He tells you the lower denom notes are the most valuable and he as much as admits that he sells low denom notes on eBay.

Does that make Breitling a pumper or do you still all like him too much to call him that? No fear, the dinar faithful have been waiting years for the "RV", every current "guru" will expose themselves to be "pumpers" and will be replaced in time with a full new crop of "gurus" (who will in turn be exposed as pumpers) before the RV never happens.

Gregg
07-29-2011, 03:55 PM
And another thing!

Much is made in certain circles that it's not just the Iraqi Dinar, it's, according to Oakie in this post, 158 currencies that are revaluing, all together now!


7:53pm WHAT YOU NEED TO UNDERSTAND IS THE INTERNATIONAL IMPLICATIONS TO THE IRAQI DINAR RE-VALUATION. IRAQ IS JUST 1 OF 158 COUNTRIES SCHEDULED (KEY WORD SCHEDULED) TO EITHER R/V OR D/V AND WAS SET TO START LAST SUNDAY. THEIR MANY OTHER CURRIENCIES THAT THE VALUATION OF THE DINAR WILL HAVE A DIRECT REFLECTION AS TO WHAT THEIR VALUE WILL BE. SOME OF THESE COUNTRIES HAS ALREADY STARTED TO R/V OR D/V ON THEIR OWN UNDER THE TUTALIGE OF THE IMF AND WORLD BANK. THIS WAS SUPPOSE TO BE A CO-ORDINATED EVENT WITH MANY COUNTRIES PARTICIPATING AT ONCE TO KEEP THE FUTURE TRADERS FROM MAKING A BUNDLE BECAUSE OF FOREKNOWLEDGE OF WHO--WHEN--HOW MUCH---SINCE ALL THE POLITICAL POSTURING IN D.C. IT THREW A MONKEY WRENCH INTO THE MACHINERY AND NOW IT HAS TO START AN ORGANIZED SEQUENCE ALL OVER AGAIN WITH IRAQ LEADING THE WAY. IT IS WAY PAST TIME FOR SOME OF THESE OTHER COUNTRIES TO GET RELIEF FROM A R/V OR A D/V.

Read more: OKIE Late Nite: He Lets The Cat Out Of The Bag - Dinar Vets Message Board (http://dinarvets.com/forums/index.php?/topic/77315-okie-late-nite-he-lets-the-cat-out-of-the-bag/#ixzz1TWtc9Ajw)


Well, let's look at that a second. There are 192 recognized nations.
No less than 34 of them use the US Dollar, I think 13 use the Euro, there are maybe a dozen in the Caribbean that use one common currency, and a few other places like that make about a dozen more. Your math is wrong, Smokie Oakie. There are not 158 currencies to revalue.

This whole myth is a carryover from NESARA stories. These people will take any good news no matter how transparently wrong it is.

pjlvio
07-29-2011, 09:59 PM
GlimDropper I was just wondering if you had read the U.N. and IMF Documents on Iraq and the 8 year plan that Iraq has been following. I was also wondering if you have heard or seen Shabbi's speech to congress last year and earlier this year. Do not really have an opinion either way as of yet, still looking into the facts and not all the BS. I have emailed breitling a few times and he never really seems to give me any straight answers, I think he is pretty much just a front man who just takes orders. Just trying to see your take on the Documents put out by the U.N. and IMF on Iraq pretty telling information if you ask me and these Documents are fact not made up. Thank you!

Gregg
07-29-2011, 11:59 PM
Well, as I said before, within an hour of registering on Dinar Vets, I got banned. For the last several months I've been able to browse and read there, but today, I can only guess in response to this thread, I've been IP blocked and can't even read anymore. (okay, I can, but I have to click the 'private browsing' button on my toolbar, good job locking me out, guys!)

Gregg
07-30-2011, 12:12 AM
I did a little checking, and this is from 2002, before the Euro replaced 12 other currencies....


Most countries have their own currencies, but not all. For instance, many of the island nations of the Caribbean, such as Saint Lucia and Dominica, use the same East Caribbean dollar. Likewise, a number of African nations, including Chad and Niger, use the Communaute Financiere Africaine franc. Often the territories or dependencies of a country use the governing country's currency -- for example, the Virgin Islands and Guam use the United States dollar.

We learned all this from the CIA World Factbook, which offers detailed fact sheets on every country in the world.

Looking for confirmation of this number, we typed "world currency list" into the Yahoo! search box. The first web site returned, Currencies of the World, listed only 112 different currencies, so we moved on to the web page matches.

That's where we came across the Xe.com currency site's list of 182 currencies. This list includes one duplicate (Ireland/Eire), four precious metals, the Crude Oil Barrels Index, the International Monetary Fund (IMF) Special Drawing Right, and the European Economic and Monetary Union's Euro.

I'm guessing Oakie's "158 currencies" might include those of the Aliens who are watching over the earth from the mothership, reported to be the "Capricorn" in some NESARA forums.

edited to add:

Or maybe not, I found another source that lists 171 currency authorities recognized by the World Bank, so apprently there are enough to be '158' but that doesn't take away from the utter nonsense of the whole premise. Fact is, almost all currencies "RV" every day, by being listed on FOREX exchanges where their value relative to each other changes pretty much constantly.

GlimDropper
07-31-2011, 01:58 PM
GlimDropper I was just wondering if you had read the U.N. and IMF Documents on Iraq and the 8 year plan that Iraq has been following. I was also wondering if you have heard or seen Shabbi's speech to congress last year and earlier this year. Do not really have an opinion either way as of yet, still looking into the facts and not all the BS. I have emailed breitling a few times and he never really seems to give me any straight answers, I think he is pretty much just a front man who just takes orders. Just trying to see your take on the Documents put out by the U.N. and IMF on Iraq pretty telling information if you ask me and these Documents are fact not made up. Thank you!

Greetings pjlvio,

I've read a decent amount of "guru chatter" and sometimes it flat out amazes me. It's hard to know where the talking out of their asses stops and the outright lies begin. Sometimes it flat out hilarious how stupid some of the things they say really are when it helps their sales pitch. I recall Rudy saying the Iraqi Dinar just had to "RV" to similar value to the Kuwaiti dinar because if it didn't then the oil Iraq sells would be soo much cheaper. Um, the number of dollars a barrel of oil costs isn't affected by the value of your local currency, unless your local currency is the US dollar. The truly sad and vaguely frightening thing is that gurus like Rudy say things that stupid nearly all the time and no one calls them on it. I think Breitling understands exactly how a redenomination works but if he told the truth about it he couldn't sell lower denomination dinar on eBay for a profit.

Honestly, please folks stop going to people like Okie, Blano and Breitling for financial advice. If your doctor told you that you need surgery but should get a second opinion would you go to someone claimed to be an expert but didn't have any form of medical training and the only name he'd give you was something like "Scooter?" No, you'd go to someone who actually had training (and could prove it) and someone who was actually licensed to practice medicine. Now I've always believed health was more important than money but I still refuse to purchase investments or investment related advice from someone without professional credentials.

From this post over at DV (http://dinarvets.com/forums/index.php?/topic/77054-fbi-raid-on-the-b-h-g-roup-location/page__view__findpost__p__598623):


My husband and I have been invested since december '10. We live in the toledo area, and have gotten nearly ALL of our dinar from the another site. Most tmes dealing with Brad himself.
So, when my husband saw this, he called the office and was connected to Brad immediately and was told by BH that when 5/3rd stopped selling, it wasn't by choice. They and apparently everyone dealing in dinar, including another site, were given a cease and desist notice. Brad said his lawyer told him that they could sell what they had in inventory, but could not IMPORT more.
Unfortunatley, the FBI didn't agree. Brad Told my husband that he was not charged with anything, but they took his dinar in stock, catalogued it and said it would be returned to him BUT as personal property, not to be sold to investors.
Brad and his team have been very professional and accessible to us. Brad's lying. There's someone here who can tell you more about why 5/3rd bank stopped selling dinar but it wasn't do to any cease and desist order. 5/3rd wasn't holding weekly calls telling people that the dinar was a fantastic investment opportunity, Brad was. Brad had a Money Service Business (MSB) registration but NOT a license to market investments. Look at it this way, it is legal to accept a fee for exchanging dinar for dollars. It's legal to hold internet confrence calls saying all manner of ridiculous things about the dinar being an amazing investment. But if you do both of those things at the same time they can bust your ass (this includes you Roger Dorman).

Brad has a sealed indictment filed in court with his name on it. They don't need to tell him what's in it until they actually press charges and don't expect that to happen anytime soon. Dinar sales are shut down and all of Brad's buisness and banking records are under a microscope. The feds will take as much time as they need to get Brad to answer any questions they have and many of those questions will be about Brad's buisness partners. Rudy may not have had that knock on the door, yet. But by the time he does the people asking him questions will already know the answers. Sucks to be you Rudy.

pjlvio
07-31-2011, 04:34 PM
Glimdropper you did not answer my question, have you read the U.N. and the I.M.F. documents on Iraq and the 8 year plan that they laid out for Iraq? You can find them pretty easily, if you need the links let me know and I will send them to you. Did you also know that in the I.M.F. and U.N. Documents they both state a revaluation? I'm not claiming it to be like all the so called "Guru's" state, but in fact the I.M.F did recommend to Iraq anywhere from .86 to $1.28 per Dinar this you can also find by going to I.M.F's website and pulling up the Iraq documents. This is not a scam, it will happen eventually, no one really knows when or how much. I was in Iraq and Kuwait when the Kuwait Dinar revalued, it was funny to see how many politicians were prevy to this, I saw it with my own eyes and knew of various people who had made a lot of money from it, I did not, because, I like you, did not believe in it then. There were banks here in the U.S. who sold the Iraq Dinar for years up until recently, and even now there are a few were as you can still order some. The whole problem with this, is that our government really did not want this event to be public knowledge, the RV of the Iraq Dinar, it was supposed to happen just like the Kuwait revalue. The only problem is it was leaked out some how and now you have what you have. Do you not think our own government would not put out disinformation and say this event is a scam? If it were why then did our own banks here in the states sell Iraq Dinar? Why did the U.S. take delivery of Iraq Dinar for American Dollars? Why is there U.N. and I.M.F. Documents pointing to this event with Iraq? I do not believe a single word any of the "Guru's" say or claim, but I do believe what I read in the U.N. and I.M.F. documents and I do know that our government did in fact ship many pallets of U.S. dollars to Iraq in exchange for the Iraq Dinar. I encourage you to read the documents before you answer my question. I then want what your take is on this. Thank you. Pete

pjlvio
07-31-2011, 04:39 PM
Glimdropper I also wanted to know if you had watched the videos when Shabbi talked to congress a few months back, you do know who he is right? He is in charge of Iraq's Central Bank. Do you think he lied to congress about Iraq's plans? Please watch it again can easily be found on the net. Thank you. Pete

GlimDropper
07-31-2011, 06:18 PM
pjlvio,

I want to thank you for participating in the conversation and most especially reguarding the subject matter at hand let you know I value what you have to contribute. Let me try to explain a thing or two here.

I am in no way a dinar expert. If you'd like me to repeat that I will. My skill set is a bit different. I've been a personal witness to many hundreds of con jobs, from two by two cycling matrix scams to some really inventive advance fee frauds and that's just for starters. Let me make a little admission here, I kinda have a leg up on most people when it comes to spotting these things because for most of my adult life I've been facing the choice between being medicated for an emotional imbalance or just dealing with it unmediated. The way I perceive any individual quanta of experience can change with something as simple as my blood sugar level. In short, I'm never certain of anything. At all. Ever.

But hey there is a real upside to all of that, it's asking questions. Most con men feed your emotional needs in such a way that you don't ask rational questions in the time space where it could delay you from opening your wallet. I know I have reason to question my own perceptions and for some reason that seems to be the key in dissembling near any "to good to be true" sales pitch. A "confidence man" gives you confidence, they make you feel good before they ask you for anything. Most people never ask why this person makes them feel good, they just feel good enough to open their wallet.

I know I didn't answer any of your specific questions, but I wont ignore them either. Let's find ourselves a happy medium here, I don't want to spend hours finding factual reference to a UN and IMF "8 year plan" which proves the "RV" will happen. I'd prefer to ask you why the person who told you this was true didn't supply you with a link. I suppose the better question would be why didn't you ask them for one?

I'm sorta playing the value neutral role here. I'm not the one making outstanding claims about amazing income potentials and in most of polite society it falls to those making outstanding claims to provide outstanding proof. But sadly the gurus wont come here to debate, I don't blame them, we ask for facts and your gurus don't have any of those.

But I'll make you a deal p, post a link to any primary source you believe indicates that the "RV" will happen and I'll tell you what I think. You're brave and honest enough to come here and ask questions, I respect that. But please respect my time as well, don't tell me there's a video of Sinan Shabibi saying something or another without telling us what he said and providing a link so we can hear him say it. You see, this is the typical guru game, make a claim, never provide an iota of proof and feel confident that the sort of people who would ever ask them to validate what they just said aren't the sort of people listening to their call. The impressive thing is that it works, there are many people making hand over fist dollars selling dinar and dinar related services, and the "RV" hasn't happened.

So to pjlvio and anyone else for that matter, if you want an honest appraisal of any primary source document (I.E. something on a non pumper site), post a link. Tell us what you think it means and we'll see if we agree. I rather doubt my answers will make you feel as good about yourself as the things the gurus say but I'm not looking for a way into your wallet so have no reason to lie to you.

pjlvio
07-31-2011, 07:21 PM
I understand what you are saying Glimdropper, I hate people who take advantage of people and rip them off. I was a Stock Broker Retail side for 11 years and not once did I use a false or misleading lie to get someone to invest in anything. I do not agree with a single word from any of the guru pumpers and I am glad they are being exposed for who they really are. But facts are facts and I will post them for you. Thank you. ://www.uschamber.com/events/us-iraq-business-initiative-briefing-dr-sinan-al-shabibi

GlimDropper
07-31-2011, 07:52 PM
I understand what you are saying Glimdropper, I hate people who take advantage of people and rip them off. I was a Stock Broker Retail side for 11 years and not once did I use a false or misleading lie to get someone to invest in anything. I do not agree with a single word from any of the guru pumpers and I am glad they are being exposed for who they really are. But facts are facts and I will post them for you. Thank you. ://www.uschamber.com/events/us-iraq-business-initiative-briefing-dr-sinan-al-shabibi

Thank you pjlvio. I realize that this forums software keeps you from posting URL links in your first 5 post, hell I was the one who set it up like that. Post one more time, even with the ubiquitous -nt- and you'll be past my spam filter. I am interested to read your link but even before I do, I'm interested to know what you believe your link says. Make an affirmative statement, something that can be proven or disproven, then explain why you believe your link proves your point. That's Logic 101 and it doesn't matter if the RV happens tomorrow or not at all, once you burn away the irrelevant arguments you're left some pure fact. My gut tells me that no "RV" guru is interested in that but ya know what, it's a little hard to blame them. They can make good money selling fantasies, which are a lot easier to concoct than reality and in my lose approximation, 90% of the dinarlings are happier with the fantasy.

GlimDropper
08-01-2011, 09:52 AM
Posted the other day on Roger Dorman's site (http://theiraqidinar.com/2011/07/30/dinar-daddy-my-take-on-what-happened-to-the-bh-group-more/) (with my comments added in red):


All,
It has come to my attention there has been considerable speculation surrounding both WHY the BH Group was raided by the Feds and WHAT happened at the “Dinar Summit” that I attended for a day before heading to California to meet my wife for personal reasons. I’m posting this to help people understand and relax regarding their investment in the Iraqi Dinar, NOT to add any grief to what Brad Heubner, his family, and his employees are going through.


First off, please understand the raid of the BH Group facilities and Brad Heubner’s homes are not remotely connected to one another other than he was at both. (So the fact that his buisness was raided and his home(s) were raided is just a coincidence?) That thought/speculation is laughable! One of the more deplorable sites is enjoying their speculations surrounding that ridiculous thought.(Hey DV'ers, he's talking about you) In fact, it’s no different than the way they also over-think this investment and overshoot the “mark” in trying to predict what is happening with the Dinar.


As far as The BH Group goes, the raid had EVERYTHING to do with their Hedge Fund that they charged people $750 to reserve their spots in and that they publicly solicited business for. Those two actions are apparently illegal. (I could have sworn someone has been saying this for months, trying to remember who.) From what I understand, the raid had NOTHING to do with their selling of Dinar, but everything to do with their Fund. (which perfectly explains why Brad is currently prohibited from selling dinar) I do NOT know anything more than that so please don’t ask me to elaborate on it as it would only be speculation by me, if this isn’t already.


As far as the “Dinar Summit” goes that I attended that Brad Heubner hosted… it was nothing major… TRUST ME! It was organized by Brad Heubner to introduce their new website he had been talking about for quite some time. (the website in question was Rudy's CDIFinacial dot com which now redirects to Rudy's EMERGINGGAINS.COM) I sat in a room for about 6 hours while they introduced us to their new concept asking us to promote it. That’s ALL IT WAS! LOL! We did NOT strike any “deals”. We did NOT discuss any “intel”. We did NOT come together because we had some super secret working relationship going on (no, just a formerly very public and now rather inconvenient fact that the BH Group sponsored Roger's "tidbits" show) or because we were working on some conspiratorial monopoly on pumping dinars. LOL! Some of the MOST CONSERVATIVE sharers of information among all ‘gurus’ online were in attendance! It was simply a meeting among those who they trusted to invite because we ARE careful and we have a solid reputation regardless of what a few LOUD posters say who like to stir up controversy. They did NOT want to invite the super pumpers and site owners they didn’t trust. So, there weren’t many who were invited.

.,....(editing out a bunch of boring spin).,...And from our indirect confirmation department:

A few fine posters over at DV rather conclusively proved that Roger (Dinar Daddy) Dorman either owned the dinar selling website Currency Vault (now called Treasury Vault), or that it's owned by one of his inlaws. That was some good sleuthing folks. Well, in a few hours after that "intel" was posted Roger made the following announcement (http://theiraqidinar.com/2011/07/29/dinar-daddy-announcement-very-important/):


All,
I am posting this as an announcement to something that was decided upon recently between myself and Treasury Vault. In the advent of their recent name change, and due to their desire to expand their company into additional markets beyond currencies, and specifically beyond the Dinar, they have given me an offer to be part of their team and I have chosen to accept this new challenge that will take me away from thinking about the Dinar 24×7.So, perhaps to head the rumors off at the pass Roger admits he has a beneficial relationship with the dinar dealer he (or his family) owns, however he tried to paint that relationship as a new development. But wait a minute, in a previous post I tried to explain that selling dinar while also holding calls presenting the dinar as an investment could be construed as marketing investments without a license or the required disclosures and is therefore, illegal. (Just ask Brad) Well very soon after the above announcement Roger followed up with (http://theiraqidinar.com/2011/07/30/dinar-daddy-a-few-changes-for-the-better/):




All,
I have an announcement to make that impacts all I do here.
Due to the perceived conflict of interest that I have with accepting an active role working with Treasury Vault, I have chosen to take down ALL REFERENCES now and going forward to Treasury Vault on all of my websites. In fact, I’ve made a decision to never again allow any Dinar Dealers to advertise on any of my websites or through any of my services.Someone's been speaking with his attorney. And more emphatically (http://theiraqidinar.com/2011/07/30/dinar-daddy-tidbits-radio-changes/):




All,
Due to my previously announced change where I will no longer allow ANY Dinar Dealers exposure on my websites or services, I have chosen to take down ALL PAST EPISODES of Tidbits Radio by Dinar Daddy as every episode was sponsored by a Dinar Dealer.
Deleting EVERY episode!!! Just a wee bit drastic and totally appropriate. Now when Roger get's his day in court he can tell the judge he took down all his calls before charges were even filed against him. Keep listening to your attorney Roger, they're giving you sound advice.

littleroundman
08-01-2011, 10:10 AM
First off, please understand the raid of the BH Group facilities and Brad Heubner’s homes are not remotely connected to one another other than he was at both.

Man,

that's some coincidence right there.

310+ MILLION people in the United States, 2 places get raided in the same week, the same guy is at both places when they're raided, but the 2 raids are unrelated.

That's one for Ripleys' Believe it or Not (http://www.ripleys.com/) if there ever was

Gregg
08-01-2011, 11:28 AM
in fact the I.M.F did recommend to Iraq anywhere from .86 to $1.28

And if you had read it all instead of just the parts that feed your fantasy, you'd see those amounts are after they drop three zeros, and puts the projected value just about where it is now ($1.17)

Reading is fundemental, kids.

Gregg
08-01-2011, 11:33 AM
Man,

that's some coincidence right there.

310+ MILLION people in the United States, 2 places get raided in the same week, the same guy is at both places when they're raided, but the 2 raids are unrelated.

That's one for Ripleys' Believe it or Not (http://www.ripleys.com/) if there ever was

So, is it better news if your investment advisor gets raided by the IRS and FBI for two different things than it is if he gets raided by the IRS and FBI twice for the same thing? Enquiring minds want to know!

I'm jus' sayin'

pjlvio
08-02-2011, 06:58 PM
I cannot believe how loyal these Dinarians are. They are all in a FRENZY because they all claim the debt ceiling had something to do with this. What fools...

GlimDropper
08-02-2011, 08:50 PM
I'm moderately surprised, Brad held his monday night call. Now if pattern holds this link should go dark in about two weeks and you might need some sort of browser plugin to play this MP3:

http://www.thebhgroup.org//calls/August_1st_2011.mp3

Brad is claiming that the prosecutor is A Ok with his dinar business and he
hopes to be back selling dinar perhaps as soon as the 3rd of this month.
I think he's blowing smoke. He admits that any checks that were in his
office on the day of the raid were confiscated by the Treasury department but hopes that any new orders coming in will be processed either by him, or some alternative supplier he's been in contact with (Frank Villa?).

A few minor points of interest:



Brad says that the FBI and IRS were not involved with the raid, despite the fact that the local news coverage mentions both of them.
Brad returns the arms length favor with Rudy Coenen. Not only was Rudy not on the call but Brad specifically directed any questions about the hedge fund to Rudy. Perhaps being Bayshore Capital's "exclusive marketing arm" isn't working out that well for Brad.
Direct quote from aprox. the 5:30 mark on the call: "To the best of my knoledge I've not done anything intentional to break the law regarding the sales of dinar or have any tax issues that have initiated this event that I even know of."
There was no "intel" on this call.
If Brad is forced to line up an alternative dinar supplier for BH Group members he wont be handling the money.
Brad is still referring to his dinar sales as an "investment." His lawyer wont be thrilled with that.




I cannot believe how loyal these Dinarians are. They are all in a FRENZY because they all claim the debt ceiling had something to do with this. What fools...

It's a symptom. There is no evidence that the "RV" will happen so the pumpers need to invent something to talk about. Go on any dinar forum and ask if President Obama is helping or hindering the "RV" and watch how sure everyone is of their answer and how it's only the people who disagree with them who have no proof.

GlimDropper
08-02-2011, 09:01 PM
Seeing that both Brad and Rudy are playing the pass the buck game I thought they might like a reminder of how cozy they once were together:


Hedge Fund I & II Information

From:brad@thebhgroup.org [Add] (https://www.fastmail.fm/mail/?MLS=MR-**f18199085u18*;MSS=;SMB-CF=18199085;SMR-PT=;SMR-UM=f18199085u18;UDm=49;Ust=8109b374%21ec7e4181;MSi gnal=MR-AA**)
To:**************** [Add] (https://www.fastmail.fm/mail/?MLS=MR-**f18199085u18*;MSS=;SMB-CF=18199085;SMR-PT=;SMR-UM=f18199085u18;UDm=49;Ust=8109b374%21ec7e4181;MSi gnal=MR-AA**)
Date:Tue, 12 Apr 2011 8:54 AM (4 months ago)

The BH Group and Bayshore Capital Investments



Iraqi Hedge Fund I & II Information

Thank you for your interest in participating with The BH Group and Bayshore Capital Investments, LLC, (BCI) Ruldolph Coenen, President.

The BH Group has partnered with BCI as the exclusive marketing agent for their financial products to be offered after the Revaluation of the Iraqi Dinar. Our focus is to give our members a range of financial opportunities to fit their financial budgets while preserving and growing capital.

The Iraqi Hedge Funds I and II will be our first projects and there will be 490 Preferred Investor seats available in each fund. Seat availability for the Hedge Funds will be based on the following: First preference will go to our most loyal BH Group members, who have purchased Dinars directly from us, followed by members who own Iraqi Dinar and now have registered with The BH Group. However, to be considered ALL interested parties must send in an “Inception Investor Seat Allocation” form and Application Fee check. The assignment of your seat will be based on a date stamped "first come-first serve" receipt after the two week "loyalty period" ends on April 25th.

The “Inception Investor Seat Allocation” document can be found in two places: in the attachment to this email and on our website. In order to access through our website, please visit, www.thebhgroup.org (http://www.thebhgroup.org/) once you’re logged in, click on “Opportunities,” “Iraqi Hedge Fund I and II,” “Forms and Downloads,” Inception Investor Seat Allocation.”
Once complete, send the form along with $750 (Personal Check or Cashiers’ Check) to:

Bayshore Capital Investments
10347 Nakema Dr. West
Jacksonville, FL. 32257

Upon receipt of your payment, seat availability permitting, BCI will send your receipt along with your Hedge Fund seat allocation number.

We look forward to working with you.

Sincerely,
The BH Group

Hedge fund I & II seat holders, you'll soon be seeing that whether the "RV" happens or not, Rudy will never set up his hedge funds. I would encourage you to remain in contact with as many other Bayshore investors as possible and together investigate the possibility of initiating a class action lawsuit. I suspect there are more than 1,000 of you out there so even if the case can't be tried on a contingency basis you can divide up the initial attorneys fees across a lot of you. The problem being that Rudy was having documented financial problems prior to receiving your non refundable application fees and there's a valid question as to what percentage of your money would be available for recovery. But I think your attorney can advise you about adding Brad Huebner and possibly even Charley Emmenecker as co defendants. They quite arguably share culpability here with Rudy and I suspect their pockets are deep enough that you could all get your money back.

Gregg
08-03-2011, 10:44 AM
Just to address a few people who have asked if this is me..



tmcgraw, on 31 July 2011 - 01:09 PM, said:

I'm the one that reported *BH* and *Rudy to the FBI, SEC and IRS. I have also spoken with Paul Lydolph who is representing Roger. He threatened me with legal action thru email and by phone. He changed his tune to apologizing to me once he realized who I am. Paul confirmed Rogers involvement in the currency *vault and per my suggestion released a statement on his website. I warned these guys 4 months ago to stop or I would report them. Roger told me he was going to cut ties with BH* and Rudy* he did not. I told Brad* to shut down the fund he did not. That is why they are in their current situation.
\

No, it's not. I'm the guy who said publicly that I had made arrangements for this hedge fund to be closed down, a few months before they were raided, not the lying dickhead who i true "guru" fashion made a big deal of it after the fact....

GlimDropper
08-03-2011, 05:39 PM
Aww Gregg, I'm confident that tmc made the calls he claimed just as I'm sure the two of you weren't the only ones who "reached out an touched someone" in law enforcement. The important thing is that the raid happened and from here on out it's in the prosecution's capable hands.

Has anyone heard anything recent from Rudy? The day of the raid was supposed to be the day his CDIFinancial website went live. That evening he was on Frank Villa's call and was plugging his new EmergingGains.com site which seemed to have the exact same feature set as how he was describing CDIF would have (hell both sites shared the same web developer) but EG was better because the newly raided Brad Huebner had "no involvement" with it. CDIF now redirects to EG but a week later neither site is online. The guy who built those sites is the same guy who built Brad's BH Group site and credit where it's due, the guy does good work. Somehow I doubt the site is down for technical reasons.

And where has Scot Pember Scooter(ed) off to? The blog he set up to host his diatribes after no longer feeling his ass kissed enough over at DV is as offline as Rudy's websites. Perhaps his day job over at GLobalBake (http://www.globalbake.com/) is keeping him too busy to play dinar guru online. Or perhaps this is just a really really bad week for attendees of Brad's Dinar Summit and baseball beer bash.

divemaster'swife
08-04-2011, 05:51 PM
Help.

My husband bought into said hedge fund. He's kicking himself now. We're young, and he's an uneducated investor who unfortunately got caught up in this mess. I knew it was a bad idea, but being the respectful wife I try to be, I let him spend his $750 like he wanted to. It was his money. I gave my opinion and shut up. He said that when Rudy and Brad were talking about starting this hedge fund that those spending the $750 for the application will be refunded if they do not get a seat.

He sent an e-mail last night requesting his withdrawal from the hedge fund and for his $750. He still hasn't heard anything (and I doubt he will).

Any suggestions on what his next step should be?

Gregg
08-04-2011, 10:53 PM
Contact the Ohio Attorney Generals office. When I first reported them, I didn't make any complaint about anyone selling dinar, I think it's a stupid thing to do, but I have to let people learn themselves, there's nothing that illegal about it. I mean, it's not technically legal to own dinar "as an investment" but the travel exception is a pretty wide loophole and the dinar dealers who are pumping them are, if you look at the fine print, selling them either as "collector or numismatic" items, or using a MSB certificate to say they only mean to transact under the travel needs loophole. It is blatantly illegal for someone using either of these exceptions to market them as investments, but the fact is I doubt anyone is goiing to get into much trouble for it, there are much more serious crimes going on.

What I did make a call about was them operating a hedge fund, placing illegal restrictions on a hedge fund (allocating them by how much you had bought at BH Group) and the fact that hedge funds cannot advertise at all. And that is what they're in trouble for. Personally I doubt you'll get anything back, and I'm dead certain if you don't get a voluntary refund that you won't get a full refund, a little digging shows these guys don't have dick in the way of assets to seize for restitution.

Good luck! And if you haven't figured it out by now, the big "RV" is not going to happen.

Gregg
08-05-2011, 06:23 AM
Some of these mental midgits are gonna get my votet for The All Star Team of Stupid. They have a letter from a congressman, with an attached memo that is the briefing papers they got from an UnderSecretary of the Treasury (and they checked, the document was prepared by acrobat on a license to the Treasury Dept) and they find 50 ways from Wednesday to discount it a some kind of misdirection. That's not good enough to call evidence, ya see.

And tomorrow Oakie Crackhead Man will tell some story about the Minister of Insanely Rich Secret Insiders has a bad outbreak of his genital herpes and that's why the RV was put off yesterday. 'nuff said

GlimDropper
08-05-2011, 09:28 AM
Welcome to RealScam DMW,

In addition to contacting the Ohio attorney general's office as Gregg wisely suggested I'd recommend contacting Florida's AG as well. Rudy Coenen is based out of Jacksonville and while not in any way licensed to sell securities in any form his Bayshore Capital Investments is registered in Fla. Keep us up to date on any developments, I'm sure you and your husband aren't the only ones ask Rudy for their money back. As I recommend before, I'd get in tough with as many of your fellow Bayshore investors as possible, it isn't very practical to hire an attorney to sue Rudy over $750 but there are over 1,000 of you and if you were to split fees between you it suddenly becomes very affordable.



Some of these mental midgits are gonna get my votet for The All Star Team of Stupid. They have a letter from a congressman, with an attached memo that is the briefing papers they got from an UnderSecretary of the Treasury (and they checked, the document was prepared by acrobat on a license to the Treasury Dept) and they find 50 ways from Wednesday to discount it a some kind of misdirection. That's not good enough to call evidence, ya see.

And tomorrow Oakie Crackhead Man will tell some story about the Minister of Insanely Rich Secret Insiders has a bad outbreak of his genital herpes and that's why the RV was put off yesterday. 'nuff said


That PDF is linked here:260

I'll make a longer comment on it when I get a chance but the reaction is astounding. A redenomination isn't what the dinar pimps have been selling because no one will make money off a "RD." I'm not surprised the "pumpers" are ignoring or distorting factual information like this but it's the true dinar believers who have me stumped.

laidback
08-05-2011, 10:25 AM
Welcome to RealScam DMW,

In addition to contacting the Ohio attorney general's office as Gregg wisely suggested I'd recommend contacting Florida's AG as well. Rudy Coenen is based out of Jacksonville and while not in any way licensed to sell securities in any form his Bayshore Capital Investments is registered in Fla. Keep us up to date on any developments, I'm sure you and your husband aren't the only ones ask Rudy for their money back. As I recommend before, I'd get in tough with as many of your fellow Bayshore investors as possible, it isn't very practical to hire an attorney to sue Rudy over $750 but there are over 1,000 of you and if you were to split fees between you it suddenly becomes very affordable.





That PDF is linked here:260

I'll make a longer comment on it when I get a chance but the reaction is astounding. A redenomination isn't what the dinar pimps have been selling because no one will make money off a "RD." I'm not surprised the "pumpers" are ignoring or distorting factual information like this but it's the true dinar believers who have me stumped.
With several hundred similarly situated plaintiffs, there would be an outside chance that you could get an attorney interested in a class action suit, IF he thought there would be a payday in it for him...

GlimDropper
08-05-2011, 10:58 AM
With several hundred similarly situated plaintiffs, there would be an outside chance that you could get an attorney interested in a class action suit, IF he thought there would be a payday in it for him...

The real problem here is despite all of Rudy's claims to be some Wall Street wheeler dealer and being financially successful, before he cooked up this hedge fund scheme he barely had a pot to piss in. Unpaid taxes, unpaid housing court fines and he was only able to pay his way out of having his home foreclosed AFTER people started sending him their application fees. I think it would be very simple to win a judgement against Rudy but I highly doubt he'd be able to pay everyone back. Which is why I'd recommend investigating the possibility of adding Brad and Charley as co defendants. Brad was clearly profiting from the marketing of Rudy's hedge fund and continued to promote Rudy even after he'd been given ample warning about Rudy's deceptions. If Mr. Emmenecker's only role here was as the moderator of the BH Group/Bayshore Capital sales calls he might not in fact be liable. But one aspect of the BH Group raid is that all the buisness and banking records were seized, if Charley's relationship to Brad and Rudy was more of a buisness partnership that fact will be revealed. If so (and I am only speculating here) then his potential liability is more easy to establish. And in addition to his vast Xango downline (many of whom were enticed to join the BH Group) Mr. Emmenecker owns a brick and mortar buisness as well.

People can get their money back from Brad and Rudy, they just need to organize themselves.

Neno
08-06-2011, 10:16 AM
Rudy lasted maybe 2 days on my site's membership before being read right thru. We have also listed the BHG info but you and your site have thoroughly done a great job with the information A-Z. Thank You for expelling the wolves of a REAL investment that has taken on so many types of players... ;)

GlimDropper
08-06-2011, 02:18 PM
Rudy lasted maybe 2 days on my site's membership before being read right thru. We have also listed the BHG info but you and your site have thoroughly done a great job with the information A-Z. Thank You for expelling the wolves of a REAL investment that has taken on so many types of players... ;)

Thank you for the kind words Tommy, and welcome to RealScam.

Now that you're here I wonder if you might like to comment on a post I found over at Quatloos.com (http://www.quatloos.com/Q-Forum/viewtopic.php?p=121100&sid=4497158c16fc1eb83f2a9f28c175180d#p121100):


Re: Dinarpaloosa (http://www.quatloos.com/Q-Forum/viewtopic.php?f=6&t=7047&start=100#p121100)

http://www.quatloos.com/Q-Forum/styles/Quatloos/imageset/icon_post_target.gif (http://www.quatloos.com/Q-Forum/viewtopic.php?p=121100&sid=4497158c16fc1eb83f2a9f28c175180d#p121100)by Gregg (http://www.quatloos.com/Q-Forum/memberlist.php?mode=viewprofile&u=2132&sid=4497158c16fc1eb83f2a9f28c175180d) » Wed Jun 01, 2011 12:31 am

As I understand it, Okie Oil Man is really some guy who works checkout at an A&P in Texas, but on these boards he’s talking to Senators and foreign diplomats who are spilling their guts to him because he’s so important.

Although I'm sure he'll deny it, I have it from a credible source that Okie Oil Man is a composite character who is written, directed and produced by none other than Tommy Styles, also known as Neno, late of GreenZap and a paid employee/pimp for at least one major online Dinar dealer. He has his own pumping forum "Neno's Place" kept seperate from the Okie stuff, which is mainly based on PlanetDinar.
The little tweeker who told me this does Tommy's coding, or did around GreenZap time, which by the way was something that my source lost his backside on but our boy Tommy came out with a fat payday (Tommy also at one time was drawing disability from his truck driving job while claiming on forums he was making tens of thousands of dollars a week in other scams he was pushing) And a little intuitiveness and investigation into what I wrote here would be enough to prove what I've said, if anyone is interested.

See, Tommy broke one of the scammers major rules, if you're not willing to kill the low level help, you have to be willing to pay them. If they're not dead or fat, they're gonna come after you and they have all the evidence.
I mean sure, even if you are part of the Okie Oil Man writing team you'll never admit it, I get that. But if anyone feeds the name "Tommy Styles" or "Neno" into Google and adds the word "scam" they'll find many hours of interesting reading. The internet can be a cruel place and just because large and varied groups of people in many places and across several years curse your name as a scammer it might not make you a bad guy, perhaps you're just misunderstood. Maybe you can offer us your assurances that all your many critics are misinformed and that you haven't spent years promoting and perpetrating scams.

And thank you again for your kind words.

Neno
08-06-2011, 06:54 PM
Yes that is true about Greenzap and that is all you will find. I pored my heart and soul into that company back in 2005 only to be a victim of a tool. I have shared the story many many times how how I was like anyone else falling for the scam. I was even friends with worldscam.com friend that owns veratec back in those days. Lots of lessons were learned. I was so dedicated to greenzap that before I learned how folks can get bait and hooked from the pros. I even spent 6 1/2 hours at the SEC being integrated over my connections with greenzap as the SEC thought I was connected to the executive team. For me tho, it was a lesson learned and a lot more of how the internet and its users act,respond, or even contribute. Those from those days that really know me, know the story as well as the SEC. I am as honest as it gets.

Now about this post link you shared in the asking lol, I am sure it is just from another GURU that wants to get his message across and has to dampen the spirit of the reader as they will learn of NenosPlace.com which in return will out live and out do any other site that is related in that dinar investment. We have lived thru them all so far dealing with hackers, gurus, and scammers ourselves. I am as experience as non other in this from my own lessons learned from those greenzap days. I use to battle the gang at scam.com against greenzap to which to later learn of how right they were the whole freaking time.

I am untouchable these days and will remain that way. You can ask me anything and you can do it at [link removed by Admin] as well. I received a call that this asking was here and here I am. I use to despise these types of sites you have here but again, after going thru my lesson learned the internet needs sites as yours and anything I can do to help, just send a message. Tommy/Neno

Gregg
08-07-2011, 12:06 PM
Ah, Tommy Styles. How ya doin? I have to admit I've never actually decided whether you're a flat out scammer or just really gullible. You do realize, don't you, that the Dinar RV is as big, if not bigger, scam than GreenZap ever was. How many people have you led to whomever is paying you to recommend them as the best, most ethical dealer in near worthless foreign currencies? For that matter, how much have you been directly or indirectly paid by these upright currency dealers for advertising, interviews, your own expert analysis on all things Iraqi Economy? And how many people like me (a guy with a PhD in Economics) have you banned for trying to tell the truth to your members?

Neno
08-07-2011, 02:00 PM
Well hello Gregg, (is that real or not), and I am doing great hope the same for you. Your opinion is warrant and entitled but you must realize that you actually have no idea if your making a determination at this stage on the dinar subject. And if you are, then you do not know what you are talking about. Except that as a compliment and not a complaint.

Now on my ban list is only listed with a couple spammers (trolls) and a couple other types of scammers (GURUS). If you really indeed knew what you were talking about and knew of my site, then your comments again have no support. I appreciate your involvement in a scam reporting site but please, do your research first before calling for attention as a reporter of the norm, norm meaning one that just blabs with words in prefect order to the common reader to gain that attention of a commentator. If, this isn't the case then you prov that.

As far as a worthless currency, opinions very big time and with gains of over 50% that proves you wrong and your claim of a PhD in economics, you should know the gains made since inception. It is a investment not a MLM or a scam but, I will admit that those type have came into the picture over the years and have turned this investment into just that. Just get your story correct on the ones to blame for that.

I am here and will answer anything for realscam.com BTW, Nenos Place, has been open to both sides of the investment from all, with all opinions since day one, 04/06/2006. This software running now since our hacking in 2008 was born on 11/15/2009. Please stop by and post your thoughts on the investment we would love to hear what a self claimed PhD in economics has to say but, be ready for replies from the investors and yes, maybe me too and of coarse, under a mature professional terms of service way.... ;)

Oh and yes, the dinar investment make greenzap look like a needle in a hay stack. Greenzap was a SCAM realized.

pjlvio
08-08-2011, 12:19 AM
This is for Gregg the PhD. I just have to say if it is a scam, then why did a lot of the banks here in the U.S. sell or exchange Iraqi Dinar? I know some have stopped selling it, and some are still selling it. If it was a worthless paper than I ask again why do the banks sell it and exchange it? I suppose the Central Bank of Iraq and the man running it, Shabbi, is a scam also? I am not saying I agree with the Gurus, because I do not, and I am not saying anything will happen soon, but to say that Iraqi Dinar is a scam or worthless paper coming from a PhD I have to wonder about your credentials. The CBI is real, Iraqi Dinar is 1170 to 1 USD, worth something, U.S. Banks do sell and exchange it, and our government has admitted that they hold it. Thus I have to conclude that if your statements are correct, then I must assume that our dollar is just the same, even a bigger scam. You make reference to Iraq's economy, in the next 5 years whose economy will be doing better the United States or Iraq's? thank you for your time and hopefully answer.

Gregg
08-08-2011, 06:15 PM
Well, I know it's really Tommy, the spelling is a dead give away. And while I'd agree a few typos in an internet post should hardly be held against a guy,...damn, Tommy, you ever try to read what you post? But I digress.
Yes, Gregg is my real name, dig a little, you can find my whole name. And I suspect you know who I am, if not, it'll come to you. There are more than a few people who read here who know who I am, I don't need to establish credibility here, and I'm not making a buck telling stories, unlike you. I do have to hand it to you though, your fairy tales and stories of getting rich quick have managed to convince quite a few people that a truck driver with history of selling get rich quick scams makes more sense than, well, anyone with any knowledge at all of how money works.

For the record, I have never called the Iraqi Dinar a scam, and if you go by the returns from when I seem to recall it was 1400 give or take to a dollar and compare it to the present rate of 1170 that does indeed equal a profit. I have been quoted as saying if you're willing to run insane risks for 5-8% a year, the Dinar is your huckleberry. But anyone who thinks a thousand dollars is gonna turn into close to a million dollars is just wrong. The rate it currently sets at is artificially supported by the CBI with the approval of the IMF in order to promote stability, if they drop three zeros (and they will) and allowed it to float, it would drop to about 85 cents or at the current denomination 850, down from 1170, or $1.17. It's a suckers bet.

Speaking of which, it's also wrong to say the US Treasury holds dinars. They don't, not a single one. The Federal Reserve Bank of New York does hold dinar for commerce, an amount roughly equal to the 30 day running average volume of the CBI Auction at any given time. It is illegal for the Federal Reserve to hold foreign currency for investment purposes, and until just a few years ago it was illegal for the Fed to hold anything except US Treasuries for investments. Another lie that has been told enough that many believe it is that Iraq is a wealthy country. It's not. In fact, they're dirt poor as countries go, the GDP ranks 62 out of 191(just below Angola), the per capita GDP is even worse, ranking 131(coming in behind another economic powerhouse Wallis and Futuma). Less than half of, Mexico, hell the GDP of Iraq per capita is less than Fiji. So get off the "Iraq is one of the world's richest countries" mantra, Iraq isn't even rich enough to be poor as far as nations go.

Anyway, nice to see you again, I won't be stopping by Neno's Place to post (oh, but I do read), but I would recommend anyone anyone taking investment advice from you do a little digging first about Greenzap, Damon Westmoreland, ROLCLUB and Shotgun Susie and pals, and in general any of the MANY scams you've been mentioned around. I won't even bring up your claims to be a truck driver collecting disability payments while at the same time claiming to be making big bucks in the schemes you were pimping at the time.

Good luck to ya!

Gregg
08-08-2011, 06:46 PM
Deeper insight into Tommy.


http://www.rolclub.com/showpost.php?p=63247&postcount=3
Quote:
I am a Director of my community for greenzap like you are the ceo of your community. Yes greenzap is my full time buisness as well as frutavida and ominex. And I will be making alot of money cause of the position I am positioning for my self, as well as you can do the same.I went thru the scam thing to and sometimes still do but, I know different now so it dosen't bother me anymore. I stay away from the little minds and stay around the minds that want this as bad as I do. You have to become a LEADER and show people the truth. Nothing has ever been prooved eny different and until then there is no reason for fear.There is alot at stake here cause greenzap is going to revalutionize the payment procesors and companies dont want that to happen. Would you if you were making a killing off the public??? Well thats why you hear of bashers they are mostly hired hands with no proof. So start being a LEADER and members will follow you. You are fixen to be able to give real money away to your futrue members. Get ready to lead. YOU CAN DO IT!!!!

http://www.rolclub.com/showpost.php?p=63392&postcount=5
Quote:
I am a Union Car Hauler off from injuries right now. I would like to see all this work incase the company I work for bails. Looking that way since all the cut backs Ford and Gm or making. I did greenzap 24/7 in the beginning, it kind of has taken on a life of its on now. Thats why i am working frutavida now. You can see it on my homepage. But if greenzap need attention it gets it first. I believe it is going to be very big when everything falls in place. Considering all the others that are having the problems that they are. None of them are set up like greenzap is, so this is going to be very important for the future of a online offline payment processor. The $50 cash in your account was mention deeply on the call and as usal there is still alittle time involved. But the 20 plus members should be delievered ** thursday. Thats a good thing. If I can ever be of ant assistance dont hesitate to ask. Most members on this forum are are conected in one way or another.The reason I know so much you ask is the reason I hang out on the forum. For You!!!

Tommy found himself another new enterprise(besides GZ and fruitavida):
Ominex.com : Save and Assist (http://www.ominex.com/ominex.php)
Ominex.com : Ominex Records (http://www.ominex.com/ominex_records.php)

littleroundman
08-08-2011, 08:56 PM
This is for Gregg the PhD. I just have to say if it is a scam, then why did a lot of the banks here in the U.S. sell or exchange Iraqi Dinar? I know some have stopped selling it, and some are still selling it. If it was a worthless paper than I ask again why do the banks sell it and exchange it? I suppose the Central Bank of Iraq and the man running it, Shabbi, is a scam also?

I'm not Gregg,

but I can't help but asking: What on earth do you guys have against the Iraqi people ?

Aren't things tough enough for them already ?

Are you saying nobody outside Iraq should be allowed to have access to Iraqi currency or that Iraqis should be forced to use the US dollar as currency ?

Guess what, the US Treasury holds LOTS of LOTS of different currencies, as do the treasuries of many nations.

NOT for currency speculation but simply to make everyday transactions quicker and easier, both for itself and for people travelling to and from the countries concerned and/or doing business with them.

There's no need to invent long, convuluted stories about revaluations, currency speculation and conspiracy theories.

Banks and treasuries hold Iraqi currency for the convenience of their clients.

Persons unknown informed some of the banks that self proclaimed "gurus" were using Iraqi currency to profit from gullible investors and NOT for the purpose they were claiming.

Those banks then stopped exchanging Iraqi currency, at least with the public.

Occams' Razor, pjlvio, Occams' Razor

Neno
08-09-2011, 04:46 PM
Well thanks and please understand, I already explained the greenzap ( which I 100% believed in) days to the authorities that matter and gave much credit resent to the scam.com crew as I did learn much after the fact. We all learn lessons but you are stretching this way out of line. For starters, I do not give investment advise and yes I am a still a trucker. I am once again telling you I am untouchable to the claims you still are pointing to as marked in your quote above. What I really do this days is house a board for investors with a place to get away from what you are still calling me. Do a little more research on Tommy Styles today and understand I was scammed in the days of greenzap as well. Damon Westmoreland is a bad guy and greenzap peeps, never learned of him until the latter days of the program. By then, we were all sucked in pretty good. Might as well add Alex Sonkin to that list as he was who we were led to be running that show. Also. learn why I left Rolclub too, here I will tell you so you hear from me. Rolclub would not pay attention the laws in the USA, time for me to go. Also see me board and see that all advertising is for free for the members. Once again Greg, learn today what is going on.

Thanks for the Good luck but I will share that with the dinar investors... ;)

Oh btw, I do know who you are. Greggory B. Evans, PhD used to be On scam.com as a Mod also went by the Name of xavier... ;)
<snip>

Anyway, nice to see you again, I won't be stopping by Neno's Place to post (oh, but I do read), but I would recommend anyone anyone taking investment advice from you do a little digging first about Greenzap, Damon Westmoreland, ROLCLUB and Shotgun Susie and pals, and in general any of the MANY scams you've been mentioned around. I won't even bring up your claims to be a truck driver collecting disability payments while at the same time claiming to be making big bucks in the schemes you were pimping at the time.

Good luck to ya!

pjlvio
08-10-2011, 01:14 AM
Occam's Razor Littleroundman Occam's Razor no kidding. Gregg the Phd claimed he never called the Iraq Dinar a scam when in fact he did.

"Re: Bayshore Capital Investments and the BH Group
Ah, Tommy Styles. How ya doin? I have to admit I've never actually decided whether you're a flat out scammer or just really gullible. You do realize, don't you, that the Dinar RV is as big, if not bigger, scam than GreenZap ever was"

I was just stating a point. Gregg did call the Iraq Dinar a scam. As far as comparing GDP's do you not have to look at the sanctions the UN and IMF had put on Iraq the past 8 years and also look at what had happened because of the war, of course it is hard to compare the GDP to others. I would also like to know how much the U.S. has really pumped into Iraq. I think Iraq would surpass Saudi and Kuwait if they could get a half way decent political system in place. You have to admit that there is a lot of potential there if the people could put aside their differences and work together.

littleroundman
08-10-2011, 01:50 AM
You have to admit that there is a lot of potential there if the people could put aside their differences and work together.

Of course you're right.

I'd also have to admit if there was no gravity, we'd all fall off the planet.

Which would be OK, unless I went out of my way to convince you I had inside information gravity was going to be switched off next Tuesday and then offered to sell you the means to avoid disappearing into the ether along with the rest of the population.

THAT would be a scam.

Gravity, just like the Iraqi dinar, wouldn't be a scam, just the B/S attached to it.

The only other teensy, weensy problems I have with your hypothetical "if the people could put aside their differences and work together" are that:

a) they haven't
b) they won't (at least in the foreseeable future)
c) even if they did "put aside their differences" tomorrow what practical difference would that make to the value of the dinar ?
d) It would cost someone eleventy two and a half squillion dinars for Iraq to even get back in the game, much less back up a revaluation of the dinar with cold hard.

If you, or any of the Dinarpaloosians want to gamble on it happening, that's fine.

I presume you're all adults and are free to do as you wish.

But, let's not pretend someone selling overpriced dinars at a huge profit to gullible people based on lies, lies and more lies, has anything to do with simple currency speculation.

Or do you have a "high up contact in the IMF who swears on his mothers' life the RV is being delayed by criminal illuminati reptillian life forms from the 7th dimension intent on destroying everything we hold good and holy"

As for your assertion that Gregg, or anyone else here, for that matter, said the Iraqi dinar is, in itself, a scam, can I draw your attention to what Gregg actually said (and you quoted)
You do realize, don't you, that the Dinar RV is as big, if not bigger, scam than GreenZap ever was"Granted, it's only a small distinction, but it's a very important distinction.

Gregg
08-10-2011, 03:03 PM
Occam's Razor Littleroundman Occam's Razor no kidding. Gregg the Phd claimed he never called the Iraq Dinar a scam when in fact he did.

"Re: Bayshore Capital Investments and the BH Group
Ah, Tommy Styles. How ya doin? I have to admit I've never actually decided whether you're a flat out scammer or just really gullible. You do realize, don't you, that the Dinar RV is as big, if not bigger, scam than GreenZap ever was"

I was just stating a point. Gregg did call the Iraq Dinar a scam. As far as comparing GDP's do you not have to look at the sanctions the UN and IMF had put on Iraq the past 8 years and also look at what had happened because of the war, of course it is hard to compare the GDP to others. I would also like to know how much the U.S. has really pumped into Iraq. I think Iraq would surpass Saudi and Kuwait if they could get a half way decent political system in place. You have to admit that there is a lot of potential there if the people could put aside their differences and work together.

As has been pointed out, I did not say the Dinar is a scam, it is the legal currency of a sovereign nation. I did say that the story being told by the pumpers and dealers encouraging you to buy dinar in anticipation of a dramatic increase in it's value is a scam. And it is. And the sad part is the dinaridiots are getting taken six ways from Tuesday. Between the dealers who are overcharging you on not just dinars, but outragous shipping charges, to the guy this thread was originally about who was
1) charging about twice the already inflated rate for dinar
2) telling a story about a hedge fund that your possible allocation in would be related to how many overpriced dinar you bought from him
3) charging a non-refundable $750 fee to reserve a spot in the aforementioned hedge fund (and that was a violation of federal law, both saying there was a fee and again when he actually took it).

How many people have paid for the DinarVets VIP room, so you can get an e-mail from Adam Montana about an event that is never going to happen, but trust me if it did would be about as big a news story as any since 9/11.
How many people have paid him for his book, where he gives you very bad advice on how to cash in (as if, but I digress)...hint, the best way to cash in is to go to an FDIC insured bank. There is no "special rate savings" or other hooey, currency exchanges are regulated by FINRA, your rate for service fees is the same anywhere you go, and the rate they cash in at is gonna be the spot price as listed, which of course doesn't apply because the IRD is not listed. The difference there is instead of instant spot, you'll get prior days close pricing...
How many gurus are getting paid by the dealers to tell insane stories everyday "It's Done!!" "Obama signed off" "IMF deadline looming" or whatever the story of the day is, and the ones who aren't getting paid, how mentally ill are they that they need to tell a bigger lie everyday for fear that the spotlight will veer away from them for a minute?

I know how it can be inside a closed mental loop, and you prolly don't see it, but trust me, to most of the sane people of the world, and damn near all of the ones who know a bit about money, y'all look to be either insane, stupid as dirt or crooks. And that's putting it nicely. It hardly helps your case that scattered among the the ones you would call the "relatively smart ones" are low level criminals, get rich quick hucksters and scammers of various stripes well and long known to people who follow scams. A guy on one of the dinar forums who calls himself "Chico" for instance, is a guy who is tied to more HYIPS, Autosurfs, Reverse Pension Plans and outright scams than I can count, and despite his bragging how much he's making at any given time from whatever program he's pimping is in fact on the dole, collecting government benefits and doesn't have two nickels to rub together.

As to your comment about comparing GDP, well, I was trying to illustrate a point about relative wealth of nations, which I won't bother to explain to you because you don't want to know what's true, unless it feeds your fantasy. I'm sure your guru of choice has tried to explain away how it doesn't really matter that Iraq is a dirt poor third world nation, it's still going to have the strongest currency on earth. I'm also sure the guru has a good explanation as to how for the IRD to RV to just PAR with the USD it would in fact take about twice as many dollars as are ion existence to facilitate that.

But I just want to point out a few stone cold hard facts before you max out the credit cards (or have you already?) There are reports that one of your gurus is a checker at a grocery store, another is a truck driver, Tommy, who uses his real name I have to point out, also admits he's a truck driver (honorable profession by the way), and at least on of the Dinar Gurus is involved in the NESARA, WGS storyline that if you dig a little you'd discover depends heavily on not only Obama being impeached, but also approval from a guy named Lord Ramma, and Commander Hatton of the ET Spaceship Capricorn, currently in orbit cloaked from human hobby amateur telescopes. (I am not making this up, trust me..better yet, don't trust me, go to quatloos.com and search for NESARA)
This cast of more nuts than California Mental Health Granola is also as a group making millions of dollars off of the so called investors.

I ain't making squat, I don't believe in UFOs and really do have a PhD in Economics....without even mentioning I have in the past worked for both The Federal Reserve (I was a pissant intern, but I worked there) and The Bank of England (I wasn't a exactly pissant intern there, although I made no policy, I worked foreign reserves theory) and believing me only requires you to have a bit of common sense.

Gregg
08-10-2011, 03:16 PM
This is a first draft of a later discarded project, it's incomplete and the theme is not properly developed, but read the facts, you need to know this stuff if you're gonna take the red pill and cme bcak to reality..


Because the Iraqi People will benefit from a RV!

Wrong. If the Dinar revalued to a rate to make everyone who knows Okie Oil man rich, that money has to come from somewhere. I mean it does you know. And do you know where it comes from? The Iraqi economy! All the money that you and everyone else would cash out comes from Iraq, depleting their foreign reserves and sovereign assets. That’s right, the effect of a dramatic increase in the value of any currency is for foreign holders to cash in. The bigger the change, the more money leaves as the currency is repatriated. So if you’re worried about the good people of Iraq and doing what’s going to help them the most, you would be wanting the value of Dinar relative to other currencies to remain low. And that fact scales, by the way. When the US dollar is weak that actually stimulates the US export economy, it makes US goods more affordable in other countries which is good for exporters and makes foreign made goods more expensive in the US which is good for American companies selling to the US market.

Because Iraq has so much oil, it should be one of the wealthiest nations on earth!

Wrong. The GDP of Iraq is less than half of the GDP if economic powerhouse Mexico. Iraq does have a lot of oil, but westerners have a warped view of how important oil is relative to the wealth of nations. Oil is a commodity, and a vital one at that. Every large economy depends on solid and reliable energy supplies to power the growth of their economies. Now listen to this part, it’s important. In the same respect, every fast food restaurant needs a steady and reliable supply of salt to insure the growth of their fast food business.
Energy is just one of the components that make industrial economies function, oil is only a part of energy and one that in the next 50 years will almost surely be displaced in the proportion of which it now supplies. The economies of the world that depend largely on commodities sold (which is 92% of Iraq’s) are not wealthy nations, the countries who buy their commodities are. Per Capita GDP of Iraq is just $2090, that’s right, even with all that oil the country produces their entire economic output is less than $2100 per person, which hardly is a good basis to claim they are a wealthy nation, by any stretch of the imagination. The simple fact is, Iraq is a third world country and compared to the G20 nations they’re dirt poor. They survive only because the truly wealthy nations buy a product from them.


Because Iraq can ramp up production in its vast oil fields to raise revenue!



Well, wrong. They can of course raise production. Good cases can be made that if they want they can pump twice the oil out of the ground or more. The problem is, over the last few decades the world has gotten along fine without that oil, we don’t need it and if you ask the other countries selling oil they don’t even want it. Oil, being a commodity, is deeply dependent on supply/demand curves and all the icky stuff you should have learned in Grammar School Econ class. If Iraq were to dump twice as much oil on the market, the price per barrel would drop to less than half it’s current level, they could easily end up getting less cash for twice the oil.

Neno
08-10-2011, 04:37 PM
Gregg, I AM SICK AND TIRED of you categorizing me as a GURU in this dinar investment. I am the furthest from that. It actually is pissing me off to have to come here and quote your false claims pertaining to that. I have no problem answering questions but to have to defend myself of these claims you lay on this board as this needs to stop.
A<SNIP>

But I just want to point out a few stone cold hard facts before you max out the credit cards (or have you already?) There are reports that one of your gurus is a checker at a grocery store, another is a truck driver, Tommy, who uses his real name I have to point out, also admits he's a truck driver (honorable profession by the way), and at least on of the Dinar Gurus is involved in the NESARA, WGS storyline that if you dig a little you'd discover depends heavily on not only Obama being impeached, but also approval from a guy named Lord Ramma, and Commander Hatton of the ET Spaceship Capricorn, currently in orbit cloaked from human hobby amateur telescopes. (I am not making this up, trust me..better yet, don't trust me, go to quatloos.com and search for NESARA)
<SNIP>.

Gregg
08-10-2011, 06:43 PM
Tommy, you're right, and I wasn't talking about you in most of the last post. In the quote you highlight, I was actually trying to show you as somewhat above the gurus, in that you do use your real name, and you don't tell ever more outrageous stories.

I owe you an apology and it is here freely given.

I also think you're seriously wrong about the Dinar.

Gregg
08-10-2011, 06:48 PM
And Tommy, I just signed up for Neno's Place. I hope you'll welcome me there as the good folks who run this board have you.
I'm not always popular, but I'm damn near always right.

Neno
08-10-2011, 07:41 PM
Excepted gracefully and thank you. Now come on over, I am sure the dinar investors would like to read what you as a PHD in Economics has to say. Then in your spare time, visit my Koolaid section as it was designed to bust the GURUS or allow them to bust them selves by reference.

Sure glad you came clean on me as I just earlier made my membership aware of this and recommended them to see it and learn about these type of sites here. They can be refreshing and alerting. See you soon.... ;)
Tommy, you're right, and I wasn't talking about you in most of the last post. In the quote you highlight, I was actually trying to show you as somewhat above the gurus, in that you do use your real name, and you don't tell ever more outrageous stories.

I owe you an apology and it is here freely given.

I also think you're seriously wrong about the Dinar.

Neno
08-10-2011, 07:44 PM
Cool and yes you are welcome to be there. I have posted support for this board and will every time I can and other sites like them but will always make it known to research the poster and to not always take what one is saying to the bank as a good scam buster will provide proof. You do not have to be shy at the NNp board as I said above in the last post, some have already came to see your postings here on me..... ;)
And Tommy, I just signed up for Neno's Place. I hope you'll welcome me there as the good folks who run this board have you.
I'm not always popular, but I'm damn near always right.

pjlvio
08-11-2011, 10:56 PM
Gregg, I understand what you are saying, but look at Saudi, Kuwait, Iran, United Arab Emirates, Nigeria, Kazakhstan and even Libya. What brings money into these countries? Mainly OIL, look at some of these countries and where they stand in GDP. Why not Iraq? If I am not mistaken, what happened in Kuwait during Clinton's Presidential watch? Do you know I could have bought 1 million Kuwait Dinars for $650 dollars. I was over there and I thought that was a crazy idea, no way, but you and I both know what happened. The Kuwait Dinar revalued and made quite a few people comfortable. How was that any different than Iraq today? Can you explain that to me? I was over there and had the chance to play the game, but did not, but do you know what I saw with my own eyes and ears? Yes, quite a few of our politicians in on the game and becoming very comfortable with their choices.
This brings me to the following questions. Have you read the 8 year plan outlined by President Bush and Dick Cheney? The U.N. and I.M.F.? The W.T.O.? Why was there over 12 C-130 Airplanes full of pallets of U.S. Dollars, I do not know how many flights taking and landing this money in Iraq? Why in Iraq does the U.S. Embassy all of a sudden the largest U.S. Embassy in the world, with the largest Embassy work force? There are a lot of questions out there and I know for myself, as I spent 11 1/2 years in the Marine Corps and toured in these countries first hand and saw quite a bit with my own eyes. I do not believe a lot of what our Government tells us. I absolutely do not believe any of the dinar gurus or boards. I have done my own research. I have made out on the dinar because I had bought it on my own years ago and I have sold enough so that the dinar I do own has paid for itself. Whether is RV's, RD's I really could care less, but I really would like to know how this event is any different than when the U.S. had their hands in the Kuwait Dinar? Too me,this seems the same, the only difference being the public finding out about it, whereas they had no knowledge of the Kuwait revalue except the privileged few. I do believe our government would put out any disinformation on this event. Thank you again for your time and insight. pete

littleroundman
08-12-2011, 12:23 AM
Why was there over 12 C-130 Airplanes full of pallets of U.S. Dollars,

Number of foreign troops in Iraq >2007 - 150,000+

Number of countries represented in Iraq >2007 - 27

Daily currency requirements foreign "tourists" in Iraq = unknown.

Amount of currency destroyed in warzone/day - unknown

10 year rate of inflation, Iraq -

http://i218.photobucket.com/albums/cc153/thelittleroundman/InflationIraq.jpg

Value Iraq dinar 1995 - $1 USD = 3000 Iraqi dinar
Current value Iraq dinar - $1 USD = 1169.38 Iraqi dinar.

Occams' Razor Rools, OK ??

littleroundman
08-12-2011, 12:43 AM
Have you read the 8 year plan outlined by President Bush and Dick Cheney?

Bush = left office 2009

Cheney = left office 2009

Bush/Cheney "plans" =

http://i745.photobucket.com/albums/xx97/JML9999/toilet.gif

Relevancy of any/all Bush/Cheney plans to current state Iraq dinar = 0

Gregg
08-12-2011, 11:27 AM
The Kuwaiti Dinar never actually RV'd in the sense people talk about IRD doing so. But let me tell you why you could buy a million dinar for $650 and a few months later they were again worth I think it may have been $2.88. (and I was not "there" in the sense you were, but I was at a desk in the City of London which for the basis of this discussion I think is more relevant)

The KDR had an officially quoated rate, but it was, like most currencies traded on various forex exchanges, where it's value floats. That is, it's worth what anyone will pay for it, at a rate anyone else will sell it and this is the real value, with no relationship whatsoever to the official rate. In real currencies, the official rate has no bearing on reality and is in fact a place keeper for the accountants more than any measure of value. As an illustration, the official rate of the US Dollar can only be expressed against gold, and officailly the gold held at Ft Know (and at the Federal Reserve Bank of New York) is valued at $42.22 an oz. But I'm getting off on a tangent...

The KDR was trading at about $2.88 and then one morning a few thousand Iraqi tanks rolled over the border and Iraq claimed the Kuwait was now their newest state.
Now think if you're a currency trader and you're holding a few billion in KDR. Or a few million if you're a smaller player, doesn't matter except that it's a bigger amount in dollars than you want to lose. Saddam Hussein is emptying out the vaults that hold the gold that backs those dinar, appropriating the oil that backs their economy etc.. it's looking pretty grim if you're long the KDR, ya think? So on the open market, aka FOREX, people long dinar are dumping them, with a few armored divisions of the 5th largest army on earth occupying the country buyer are understandbly looking for bargains and the fact is, big holders of the dinar who sold were mostly big banks who could afford to take a 95% bath because to them it was a lot of money, but not really in the grand scheme of things. See, aside from the Euro, the dollar and Yen, (maybe the Yuan) the big players on forex are not buying investments, they're trading currency because they have dollars and do business in Mexico, so they buy pesos, etc... 99% of all forex traffic is this, not people making big bucks playing swings. And another thing, if their are a million day traders trading FOREX, I promiose you 999,950 of the are losing money, and 40 more are lying. You can get lucky, but you can't sytematically beat the odds.

Anyhow, tanks in the desert, the Government of Kuwait is in London, and officially the rate is still $2.88, but you can buy a million KDR for $650 as you said. Then, the USA said 'This will not stand" etc... and the rate went back up a little...they shipped the rapid deployment force to Saudi Arabia, it went up a little more, then the 101st Airborne, and hell, the 18th Corp, the 7Th US Army, etc.. and the KDR was back up over a dollar. By the time everyone knew who Nomran was, it was damn near what it started as...

(gotta go, computer is gonna force restart)

laidback
08-12-2011, 12:01 PM
(snip) it was damn near what it started as...

(gotta go, computer is gonna force restart)

Dontcha just hate that...? The computer version of TV shows...." we interrupt this commercial to bring you a brief program...!" Or, worse..."This regularly scheduled program has been preempted to bring you the dog catcher candidate debates...!"

Gregg
08-12-2011, 12:11 PM
Okay, back...

The point is, when it was far from certain that the Nation of Kuwait even existed, or would in the future exist, it's currecny fell in value (I'm not sure if it ever got as cheap as the IRD is now, I'd have to check), but as it became more likely that the international community would not allow Iraq to annex the country, the currecny returned to it's previous value, which was based upon the economic activity in Kuwait, before the invasion. When Iraq was fully removed from Kuwait, the KDR was still well below it's preinvasion level, but within a year it had regained the value that was lost, lost strictly because of legitimate concerns that it would be worthless if Iraq prevailed.

As to the size of th Embassy, well, we're effectlvely running the country, we certainly have more programs to admisnter there than anywhere else in the world, not to mention the security etc.. that goes along with running an embassy in a war zone. I think someone else has explained the mythical 12 planeloads of cash, if they exist, and I'm not believing that they do. As the USD is the day to day currency in Iraq, it
's not at all surprising that we have to send some cash over there, especially since Iraqis don't use banks, debit cards or checks very much.

So, satisfied, Sparky?

divemaster'swife
08-12-2011, 04:49 PM
Thank you for the suggestions/responses to my last "Help" post.

Here's an update: My husband contacted Rudy and the BH group to request refund of his $750 "application fee." When he called Rudy's Fla. office, he was told the only way he could get his money back was to give them his "hedge fund" seat number. He did. They then said they would have to call him back. Well, surpirse... no call back (so far).

Today, Rudy deleted and blocked my husband from his "Flordia Dinar" facebook page. Two nights ago, Rudy posted (on his facebook wall) that he would refund my husband and anyone else who wanted out of the supposed "hedge fund." We printed off copies of his FB page where he stated this - and I'm glad we did since we can no longer access it today.

Husband contacted the Ohio and Fla. AG offices. Thanks for the suggestion.

As it pertains to the supposed "RV" of the Iraqi Dinar - I'll leave that to you PhDs and "gurus."

In my opinion, this whole Dinar thing tries to breed with the greed of human nature. It's sad and sick that people spend hours of their days wrapped up in it. Break free of this stuff and live!

pjlvio
08-13-2011, 12:26 AM
gregg, thanks for the explanation. I understand. thanks again.

tmcgraw
08-14-2011, 03:55 PM
Just to address a few people who have asked if this is me..



No, it's not. I'm the guy who said publicly that I had made arrangements for this hedge fund to be closed down, a few months before they were raided, not the lying dickhead who i true "guru" fashion made a big deal of it after the fact....

I'm a "dickhead"? WOW

Gregg
08-15-2011, 10:48 AM
Most can only dream.

Soapboxmom
08-15-2011, 05:36 PM
The owner forwarded me this:


Rudy has opened an office at 3390 Kori Rd in Jax FL

Soapboxmom

tmcgraw
08-16-2011, 02:42 PM
BH and Rudy's most recent bullshit fest.

https://www.freeconferencing.com/playback.html?cid=conferences/-17-65-6712-17-65-67180-17-65-67-17-65-67-51-108112-17-65-67-17-65-67-17-65-679824-17-65-67.mp3&e=1325307600000&cn=94-43-28-63


Rudy is a true dirt bag.

pjlvio
08-16-2011, 08:36 PM
I made some factual comments on some of the Dinar boards and now I am banned. These people do not want others to hear the facts. They are steering the sheep to the slaughter. Wolves all of them...

limitreached
08-16-2011, 08:58 PM
Hi Gregg.
I appreciate your professional opinions. Thank you. This thread and entire topic is quite intriguing. Aside from the obvious "pumpers" you got a lot of very different theories. ...and call me ignorant but that Rudy guy sounds so educated and so damn convincing, I honestly was shocked to hear that he's such a scammer and con. That's just amazing to me!! Anyway, when trying to research the topic of IQD in order to form an unbiased opinion, boy is it hard to get past all the BS so called evidence for a future "RV". But there does seem to be some solid evidence supporting a substantially higher future value for the IQD. And this supposed evidence makes not investing at least some time into formulating your own opinion hard not to do. I think I owe it to myself to at least do some research, just in case. What if?? You have the seemingly obvious fact that the Iraq economy is doing better now than there were when their currency lost it's value. By way of the incredibly willing support of the US and UN and the investments made by other countries Iraq does appear to be truly heading in the right direction and I'm not sure that anyone could dispute this. From my understanding their currencies value tanked due to, among other things, sanctions placed on their trade, bankruptcy, and due to the confiscation of large amounts of their countries assets formerly controlled by the Suddam regime. Now they have a government in place, they have regained control of a lot of their formerly confiscated assets, they are talking about pulling themselves out of bankruptcy, and other nations (U.N., etc.) seem to be willing to allow them out of BK. Also, they have a ton of resources including more known oil reserves than they had before the war when their currency was valued far above what it is now. And they have a good amount of trade resuming. Their GDP may suck and other economic factors obviously suck right now and they are in an extremely volatile part of the world, etc. But it seems a fact that they are doing better now than they have been for many many years, which eventually seems as though will be reflected through a greater value to their countries stock and currency. This seems as though this may be an investment that may be worth it for some to put a little money into. Not too much of course, a very prudent amount relative to whatever you have, and stay away from the various BS sites and dealers. Sure it may be a long shot. Sure you may not make millions overnight. It may take years more for anything to mature. But as an investment, as long as you stay away from the scams the pumpers the lies and rumors, this seems as though it might be worth socking away some IQD. The newly printed stuff of course, stay away from the old type with Suddam's ugly mug on it. what else are you going to do? buy BofA stock? j/k. or more gold at $1,800 per ounce?

My serious question to you is: what do you see happening to their currency and to this possible "investment"? I think it's unlikely for it to go down in value. So as their economy improves will it increase in value? If it does go up in value what will stop people ("investors") from making money off it? I truly would love your professional opinion. Their are middle east countries who live off their oil as their one and only meal ticket and they have currencies with incredibly high values! So how do you see it playing out as Iraq continues to develop and mature as a country?

Gregg
08-17-2011, 06:09 AM
Good try at a stealth pump, trying to make the insane sound reasonable.
The currency tanking had little to do with the war, sanctions, etc.. it tanked because Saddam printed about 1000 times more notes than his economy could back.

As to the value having nowhere to go but up, that's wrong, it's being artificially suppported where it is now, if they removed the IMF approved subsidy, it would drop by half again what it is now. The IRD will not rise substantially in yours, mine, or our grandkids lifetime.

I only have a minute, I'll try to get back and rip your argument to shreds properly later.

limitreached
08-17-2011, 12:02 PM
I'm not pumping anything. My question and posts are sincere. and I'm not really arguing anything either. I thought it was a valid question.

doctrbob
08-17-2011, 01:21 PM
I concur with limitreached....I think he was sincere and his questions are valid.

Gregg
08-17-2011, 03:57 PM
First off, I never said I was nice, as a matter of fact, I'm not.

I di say that I'm right, and as a matter of fact, I am. But gimme a minute and I'll go through it more concisely..

Gregg
08-17-2011, 05:14 PM
Hi Gregg.
I appreciate your professional opinions. Thank you.

You're Welcome

This thread and entire topic is quite intriguing. Aside from the obvious "pumpers" you got a lot of very different theories. ...and call me ignorant but that Rudy guy sounds so educated and so damn convincing, I honestly was shocked to hear that he's such a scammer and con. That's just amazing to me!!
A good con man always sounds like he knows what he' talking about, except to people who DO KNOW what he's talking about, to us, he looks like, well...a con man

Anyway, when trying to research the topic of IQD in order to form an unbiased opinion, boy is it hard to get past all the BS so called evidence for a future "RV".
No, there's plenty of places where no one is trying to sell you something, or the baord is not dominated by a combination of stupidity and greed. @3 States Attorneys General have web pages warning consumers about Iraqi Dinar scams, several sites I know of explain how the sites claiming to be 'licensed by the US Treasury" are indeed licensed, to sell collectors items or to provide travel needs for people traveling to Iraq. Or that this license is not all that is required even for that, the ones selling under the MSB license have to have separate State Licenses in 41 states and none of them is permitted to sell currency as an investment (you need a Series & for that). Think about that, every site that says htey have some odd permit that didn't tell you what I just wrote is maybe breaking the law in any state they operate in or ship to, but they are definitely lying to you about their "license". And that is information available in several places. You could go to any number of places and get the true facts about how money works, or find the true story I posted above how this sin't anything like the Kuwaiti Dinar situation, which wo many years ago is how these pumpers got started, telling everyone it was gonna be just like Kuwait. You knew that, didn't you?


But there does seem to be some solid evidence supporting a substantially higher future value for the IQD.

No there is not. The Iraqi Dinar is now, under agreement from the IMF, artificially supporting the value of the IRD @ 1170 give or take to promote stability. If it was allowed to float today it would drop to about half of what it is.
And this supposed evidence makes not investing at least some time into formulating your own opinion hard not to do.
I can agree to that, if you can agree that the 16 years I spent studying monetary policy at the graduate, doctorate and post doctorate level counts as a form of research. At least as much as any guru has... And my carefully considered professional opinion is the best return you will get in this lifetime on IRD is wait for a real cold day, turn off your furnace and burn them in the BBQ whilst you huddle around them to keep warm while you save whatever the gas bill was gonna be for however long you can stand it.

I think I owe it to myself to at least do some research, just in case.
Have at it, Sparky, but PTR and Planet DInar don't count as research, try finding 10 different examples of the things I mentioned above and other than those, don't give any weight to any findings from people named 'Scooter" "tarheelgirl" Okie" or prettymuch anyone whose scholarly research such as it is is signed by what looks like their CB Radio Handle


What if??
Lets do one little "What if" just to make a point. The US Debt (not the deficit, which is any one year's bill, but the debt, which is all of them added up since Andrew Jackson was President (he was the last one to have paid it all off, it's been accumulating since then) is currently $14 trillion dollars and odd change. There are in circulation (notes and coins) in Iraq 31 trillion Dinar. If Iraq were to RV the Dinar, they have to RV all of them, not just the ones you have in your special envelope in the safe, but all of them, in and out of Iraq. In order to give everyone who wants to take advantage of the RV their money, they have to have that money in their foreign reserve account. TO RV to par to the dollar, obviously, would require the CBI to have, in cash, $27 trillion dollars, or since that many dollars don't actually exist, some combination of Dollars, Euro, Yen, Yuan and good old fashoined gold bars. (another hint, if you deduct the gold in Ft Knox and in the Federal Reserve Bank of New York, there also isn't enough gold on the planet to payout $27 trillion) and this is just for a $1 RV. Multiply as needed for the nutcases calling for $8, $11 and even $13 I have seen quoted.

You have the seemingly obvious fact that the Iraq economy is doing better now than there were when their currency lost it's value.
No it's not. Before it lost it's value, Iraq was a nominal nation pumping a lot of oil and not spending a mot of money to do that, or make it's leaders rich or blowing most of it on flashy military equipment. Then Saddam Hussein did all of the above, printed more notes by a factor of 1000, closed foreign exchange in country to all but a select few and then started a "War of the Week" club. But it was the inflationary expansion of the Dinar that caused it to be "officvially" worth $3.22 when on the black market is was bringing a dime to twelve cents. If they're very careful and do a good job, after they drop the three zeros it may actually hold at a level higher than the 12 cents, but that's a long term bet. Of course, that's also about 11% of what it's at now. So long term, you'll lose 89%, plus the split.

By way of the incredibly willing support of the US and UN and the investments made by other countries Iraq does appear to be truly heading in the right direction and I'm not sure that anyone could dispute this.
Mugli Al-Sadr intends to dispute this, just as soon as the last US troops leave Iraqi Airspace. If he wins, you're wll and truly screwed because he will first by taking power cause the collapse of the CBI making their notes near worthless compared to the near worthless they are now. He might also declare Shiara banking conditions that pretty much mean dinars held by evil residents of the great satan USA don't get squat. And even if he loses, you do of course know that the government has proposed and intends to actually do a re denomination of the currency where a 1,000 old note will be equal to a 1 new note, the old notes will expire and be just pretty pieces of paper in 6 months and in order to trade your old ones for new ones, you're gonna have to go to Iraq in person, as it will be illegal to do it for others, and you will also be restricted to how much a day you can exchange as well as how much total you can take out of the country? Whatsamatter, your guru didn't tell you that part? How about the possibility that in addition to those requirements, the GOI just may impose a tax on any non resident exchanging Dinar, say 30%. That has happened before.

From my understanding their currencies value tanked due to, among other things, sanctions placed on their trade, bankruptcy, and due to the confiscation of large amounts of their countries assets formerly controlled by the Suddam regime.
Your understanding is wrong, see above about printing the bejeezus outtta your currency without increasing economic output

Now they have a government in place, as long as the ammo holds out they have regained control of a lot of their formerly confiscated assets, as long as they have loyal, obedient and viable civilian and military infrastructures to protect them they are talking about pulling themselves out of bankruptcy, that's a Dinar Board Urban myth, countries do not and can not be bankrupt, they merely default and other nations (U.N., etc.) seem to be willing to allow them out of BK. They are getting closer to being released from certain sanctions, the current schedule to repatriate all of the stolen wealth settlements to Kuwait run up to 2038, so it's only 26 more years till that happens Also, they have a ton of resources including more known oil reserves than they had before the war when their currency was valued far above what it is now. A misnomer, when the currency was valued higher than it was now, their was only about 1/10th of 1% as much of it, so it was higher pre dinar, but the aggregate was lower. And they have a good amount of trade resuming. 92% of the GDP is oil, a commodity over which they have no price control, or production quota control and if they pump much more than they now do, the effect on the supply/demand equations would make the amount of money they get for more oil less than what they get now Their GDP may suck and other economic factors obviously suck right now and they are in an extremely volatile part of the world, etc. All things I look for in an investment. Solidity! But it seems a fact that they are doing better now than they have been for many many years, That sounds a lot like the same story the Cincinnati Bengals are telling
which eventually seems as though will be reflected through a greater value to their countries stock and currency. Possibly, if they can just all live iun peace, get along with each other and their neighbors and the Unicorn Crop is better next year This seems as though this may be an investment that may be worth it for some to put a little money into.

See above, put it in the BBQ Not too much of course, a very prudent amount relative to whatever you have, and stay away from the various BS sites and dealers. Sure it may be a long shot. Slightly longer than Pete Rose getting back into to baseball as a player, and leading the National League in triples next year Sure you may not make millions overnight. Listen to the pumpers and you can lose everything you have though It may take years more for anything to mature. Decades, or maybe centuries But as an investment, as long as you stay away from the scams the pumpers the lies and rumors, this seems as though it might be worth socking away some IQD. If you collect pretty pictures The newly printed stuff of course, stay away from the old type with Suddam's ugly mug on it. some of which is worth more now to collectors than the real stuff what else are you going to do? buy BofA stock? j/k. or more gold at $1,800 per ounce? I own 93,000 shares of Ford, with a cost basis of under $1.20 per share, it's been good to me

My serious question to you is: what do you see happening to their currency and to this possible "investment"? I think it's unlikely for it to go down in value. It's directly correlated to gravity, if you take away the artificial support it's setting on (the CBI subsidy) it'll fall like a rock So as their economy improves will it increase in value? If it does go up in value what will stop people ("investors") from making money off it? I truly would love your professional opinion. Their are middle east countries who live off their oil as their one and only meal ticket and they have currencies with incredibly high values! You right there show you don't know what you're talking about. The Kuwaiti Dinar has "an incredibly high value", and yet Kuwait is economically about the size of Indiana. It's not how many dollars per dinar that matters, its how many dollars in total those dinars ad up to. Easier example. For closed today at $11.11 a share GM closed at $24.94...which is the more valuable company? THe answer is Ford, because the shares are cheaper, but there are a lot more of them. Same thing with currency, its not the notes, it's the aggregates. So how do you see it playing out as Iraq continues to develop and mature as a country?

I see the last US Air Force Jet leaving Iraqi Airspace just as insurgents storm the capitol, mass hangings of anyone tainted by co operating with the great satan and Iraq turning into a kindler gentler version of Somalia, where the taxes are low, the government doesn't bug you much if you don't talk bad about them, and ammunition is boith very expensive and a necessity, not a convenience. The Dinar will fade into some neverland pseudo currency and most commerce between people on the street will be in Dollars, Barter or Gold. The Elite will have Dollar accounts in Switzerland and oil will flow at slightly higher than the official OPEC quota, the excess money going towards various levels of corruption. Honestly, that's what's gonna happen

They tell me that was too short?

Gregg
08-17-2011, 05:30 PM
My typing was a mess there, sorry. Those who know me well know there is a reason, and the rest of you can only guess.

Neno
08-18-2011, 08:06 PM
Gregg,

I posted a copy of you annalist above here http://www.nenosplace.com/showthread.php?45163-Gregg-the-PHD-in-Economics... so more investors could see your output and pass comment. May want to see this... ;)

laidback
08-19-2011, 01:41 PM
Gregg,

I posted a copy of you annalist above here Neno's Place - A Community of Reality - Discussion Topics by the Membership - Featuring the "Iraq Dinar Investment" - Official Board for Dinar Trade & Dinar UK (http://www.nenosplace.com/showthread.php?45163-Gregg-the-PHD-in-Economics)... so more investors could see your output and pass comment. May want to see this... ;)
LOL. I am not particularly interested in or educated about the Dinar, but was somewhat interested in the debate. I gotta tell ya that, with the exception of a couple of responses that looked like they took more than 5 seconds to formulate, most were just attacks without any salient facts supporting an opposite position, and as such are meaningless. While Neno's Place may be "A community of Reality," it appears that many have their heads where the reality cannot reach...!

Gregg
08-19-2011, 05:14 PM
You didn't like that? I'm disappointed. I admit I am kind of pithy and try to stay to little words, but I'm not writing to a group of people on my short list for the Nobel Prize in Economics. And I will again say, I'm not very nice, never claimed to be. As one of my dear friends once said about me, "He's generally more articulate than he is diplomatic"

Gregg
08-19-2011, 05:15 PM
And thank you Tommy. I'll go read that directly.

And yes, it's good for my ego, which I don't mind.

Neno
08-19-2011, 07:34 PM
I agree to not disagree with that below as a membership can be very diversified... :judge:
LOL. I am not particularly interested in or educated about the Dinar, but was somewhat interested in the debate. I gotta tell ya that, with the exception of a couple of responses that looked like they took more than 5 seconds to formulate, most were just attacks without any salient facts supporting an opposite position, and as such are meaningless. While Neno's Place may be "A community of Reality," it appears that many have their heads where the reality cannot reach...!

Neno
08-19-2011, 07:36 PM
lol, good attitude.. ;)
And thank you Tommy. I'll go read that directly.

And yes, it's good for my ego, which I don't mind.

littleroundman
08-19-2011, 10:42 PM
LOL. I am not particularly interested in or educated about the Dinar, but was somewhat interested in the debate. I gotta tell ya that, with the exception of a couple of responses that looked like they took more than 5 seconds to formulate, most were just attacks without any salient facts supporting an opposite position, and as such are meaningless. While Neno's Place may be "A community of Reality," it appears that many have their heads where the reality cannot reach...!

HeHe,

I've always wondered.

Do you think professional currency traders got their experience by reading a book by Robert Kiyosaki and getting some 'net guru to trade on their behalf ??

I mean, those guys are trading billions of dollars 24/7.

How does it come about THEY haven't woken up to the quadrillions of dollars to be made investing in the Iraq dinar ??

Why don't they have a link direct to "Okies" latest "intel" forum ?

Someone should do the right thing and send them the web address of the gurus' form.

I'm sure they'd be willing to pay a handsome commission when they make their first Octillion bucks.

laidback
08-20-2011, 09:08 AM
HeHe,

I've always wondered.

Do you think professional currency traders got their experience by reading a book by Robert Kiyosaki and getting some 'net guru to trade on their behalf ??

I mean, those guys are trading billions of dollars 24/7.

How does it come about THEY haven't woken up to the quadrillions of dollars to be made investing in the Iraq dinar ??

Why don't they have a link direct to "Okies" latest "intel" forum ?

Someone should do the right thing and send them the web address of the gurus' form.

I'm sure they'd be willing to pay a handsome commission when they make their first Octillion bucks.

Gee maybe the same reason that the likes of Warren Buffet, Bill Gates, et al don't get their investments from the likes of Nick Smirnow,strosdegoz, etc...!( Oh, I forgot Richard Branson, whom when asked about Nick Smirnow said "Nick Who..."?

littleroundman
08-20-2011, 09:37 AM
Gasp ! Shock ! Horror !

Tell me it ain't so.

"Okie" ain't really an insider professional forex trader and Nick Smirnow is a crook ?


Pshaw !

Next you'll be telling me Andrew Bowdoin Esq isn't an international philanthropist, God fearin', advertising guru.

I won't have it.

laidback
08-20-2011, 10:29 AM
Gasp ! Shock ! Horror !

Tell me it ain't so.

"Okie" ain't really an insider professional forex trader and Nick Smirnow is a crook ?


Pshaw !

Next you'll be telling me Andrew Bowdoin Esq isn't an international philanthropist, God fearin', advertising guru.

I won't have it.

Naaah, Andy is getting together his "army" to right the wrong that the gummint did to his victims...errr suckers....errr members...!
He is trying to characterize himself as David, Don Quixote is more accurate...!

Gregg
08-21-2011, 06:08 PM
Naaah, Andy is getting together his "army" to right the wrong that the gummint did to his victims...errr suckers....errr members...!
He is trying to characterize himself as David, Don Quixote is more accurate...!


I was thinking more Don Corleone

littleroundman
08-21-2011, 09:07 PM
Here's something interesting.

I was just enjoying the first few espressos from a new bag of Indonesian Blue Batak I haven't tried before.

While I was sipping away, I was filling in a few minutes by searching how far back I could find one of Okie oil mans' predictions of the upcoming Iraqi dinar "RV"

I came up with this one from 2003:
7 Nov 2003 - OKIE OIL MAN. Coming in for the RV landing, Nuff said. . . economies, okie, revaluation, iraq, dinar, currency, economy ...Anyone come up with an earlier one of Okies' predictions ??


2003 ??

I dunno about anyone else, but, I'd be looking for another "opportunity" if my guru was out by about 8 years in his predictions of an "impending" revaluation.

pjlvio
08-24-2011, 11:18 PM
What the hell is going on? All the guru's state it is happing in the next day or two. Maybe I should have not sold my Dinar on E-bay, I doubled my money on what I spent on it in 4 1/2 years ago. Am I complaining what I profited on it?, not for a second.

littleroundman
08-25-2011, 12:06 AM
As I pointed out above, some of the "gurus" have been predicting "it would happen in the next day or two" since at least 2003.

No one here is saying there is anything wrong with people speculating on a/any currency.

What we ARE saying is that:

a) Buying Iraqi dinars from overpriced "gurus" and/or their associates is silly

b) believing ANY of the "gurus" predictions WRT to the timing of a/the "revaluation" is silly

c) believing the "gurus" rewriting of forex history is silly

d) believing ANY revaluation of ANY currency will return profits of the magnitude predicted by "gurus" is silly

e) believing a revaluation of the Iraqi dinar, in particular, will return profits of the magnitude predicted by "gurus" is silly X 100

f) believing somehow the multi trillion dollar forex industry has been trumped by a group of backyard fortune telling "gurus" is silly.

g) believing the "gurus" are acting at the behest of space creatures/gods/messengers from another world is silly.

h) believing the revaluation of the Iraqi dinar will signal the beginning of a new world is silly

How much more "silly" can a koala bear ??

Gregg
08-27-2011, 09:19 AM
What the hell is going on? All the guru's state it is happing in the next day or two. Maybe I should have not sold my Dinar on E-bay, I doubled my money on what I spent on it in 4 1/2 years ago. Am I complaining what I profited on it?, not for a second.

I'm calling BS on that. Even if you got it for the official rate or slightly below then, and got a lot more than it's going for now, you wouldn't come near to doubling your money.

That would have been just before the CBI rate froze @ 1170, so maybe 1200-1220. Unless you were there and got it on the street, you haven't even broke even yet considering the "special discount shipping" the dealers charge, not to mention the significant amount the charge over the actual rate.
If you got it from a bank at the official rate, you might have covered the service charge they charged you by now.

laidback
08-27-2011, 01:43 PM
I'm calling BS on that. Even if you got it for the official rate or slightly below then, and got a lot more than it's going for now, you wouldn't come near to doubling your money.

That would have been just before the CBI rate froze @ 1170, so maybe 1200-1220. Unless you were there and got it on the street, you haven't even broke even yet considering the "special discount shipping" the dealers charge, not to mention the significant amount the charge over the actual rate.
If you got it from a bank at the official rate, you might have covered the service charge they charged you by now.

You may be right, but I'm not so sure...! Ebay folk do some strange things at times.....~

laidback
08-27-2011, 01:51 PM
As I pointed out above, some of the "gurus" have been predicting "it would happen in the next day or two" since at least 2003.

No one here is saying there is anything wrong with people speculating on a/any currency.

What we ARE saying is that:

a) Buying Iraqi dinars from overpriced "gurus" and/or their associates is silly

b) believing ANY of the "gurus" predictions WRT to the timing of a/the "revaluation" is silly

c) believing the "gurus" rewriting of forex history is silly

d) believing ANY revaluation of ANY currency will return profits of the magnitude predicted by "gurus" is silly

e) believing a revaluation of the Iraqi dinar, in particular, will return profits of the magnitude predicted by "gurus" is silly X 100

f) believing somehow the multi trillion dollar forex industry has been trumped by a group of backyard fortune telling "gurus" is silly.

g) believing the "gurus" are acting at the behest of space creatures/gods/messengers from another world is silly.

h) believing the revaluation of the Iraqi dinar will signal the beginning of a new world is silly

How much more "silly" can a koala bear ??

HELLOOOOO!!! Your transmission is stuck in silly gear...!http://www.easyfreesmileys.com/smileys/free-happy-smileys-841.gif (http://www.easyfreesmileys.com/skype-emoticons.html)

pjlvio
08-29-2011, 10:20 PM
Gregg,
I am sorry to inform you, but yes indeed I did double my money on selling the Dinar on E-bay. I had almost all smaller denominations and people did pay a lot more for them. Check out E-bay for yourself and go to completed sales and look at some of the high prices these people pay for it. I did not buy my Dinar from any bank or dealer. To tell you the truth I bought a lot from my friends who came back from over in Iraq, they bought it on the street and let me tell you something. You might know a lot of book knowledge, but go find out how much the Dinar is selling for on the street in Iraq? More than than the rate the CBI posts, in fact the Iraq people would rather have the American Dollar than their own money. Things are a lot different when your boots are actually there on the ground or you have a friend who is actually there. You are no different in your thinking as the people running our government or military, no wonder everything is in such bad shape. I hate to break the news to you, but you are dead wrong with your assumption my friend. Yes, just like a real auction whereas the people get caught up in the emotion of the moment, the same holds true to the fools who over bid and pay on E-bay for worthless dreams in Iraq Currency.

littleroundman
09-03-2011, 10:12 AM
I am genuinely sorry for anyone who is or has been taken in by this bunch of frauds.

Having said that,

I defy anyone with an ounce of common sense to go read: Dinar Guru - Iraqi Dinar | Gurus predict iraqi dinar exchange rate & revaluation (http://www.dinarguru.com/) and come away without shaking their heads in shock and horror.

Man, I've been around, but, I can say without fear of contradiction, that I have never, ever seen such an unsubstantiated pile of male bovine excreta collected together in one spot since I last visited a dairy farm.

Being taken in by a bunch of professional fraudsters is one thing, but, P-U-H-L-E-A-S-E, the "dinar guru" bunch have taken delusional psychosis to a whole new level.

8743 members, yet not one, single solitary one of them has posted a single "fact" which has proven to be true.

NOT ONE.

pjlvio
09-04-2011, 08:12 AM
I agree with you 100%, these people are not in their right minds It is sad that some follow just like sheep or cow to the slaughter...

littleroundman
09-06-2011, 06:24 AM
Anyone interested in betting the latest B/S from FANTASY CENTRAL (http://www.dinarguru.com/) aka DinarGuru.com doesn't even LOOK like happening ??


9-5-2011 Guru Med FROM THIS POINT ON, THE 6TH OF SEPTEMBER, I EXPECT TO SEE THE VALUATION OF THE DINAR AT ANY MOMENT. WHAT WENT ON THE LAST FEW DAYS WE HAVE NEVER...SEEN BEFORE NOR TO THE EXTENT OF WHAT CBI WAS GOING TO DO AND THE URGENCY IN WHICH THEY WANT IT DONE. TODAY THE ECONOMIC ADVISOR TO MALIKI WAS CALLED IGNORANT BY CBI. THE LAST FEW DAYS TELLS ME THAT SOMETHING IS GOING 2 HAPPEN SOON. THIS IS BIG.

9-5-2011 Guru Dusty14369 I have spoken to several intel guys from both sides of the pond and beyond and they have informed me that we are moving in the right direction and some things have happened in the last 48 hours that are crucial to our investment. I am sticking with what i was originally told....$3.50-$4.86. I can tell you this one...I have never been as excited about this investment as I am today, sitting right here, right now. We are one day closer to wealth.

9-5-2011 Guru ScottiG I have been on a minute by minute window for awhile. I am hearing of some very interesting things for Tuesday but I am not 100% sold. Absolutely we can see it tomorrow. I am hopeful that I get a call from my banker around 7am. I believe that this mining conference in London is a big tell. Iraq wants to bring 40-80 billion more investments in and they need to be seen as viable. 100% erbil! DONE, DONE, DONE! I like Tuesday quite well but will accept any friggen day they want to cash me out!!!!
These "guru' guys are so funny I'm seriously considering applying for the rights to use their postings as the basis for a new comedy series, or at least a regular spot on Saturday Night Live.

laidback
09-06-2011, 08:57 AM
Anyone interested in betting the latest B/S from FANTASY CENTRAL (http://www.dinarguru.com/) aka DinarGuru.com doesn't even LOOK like happening ??


These "guru' guys are so funny I'm seriously considering applying for the rights to use their postings as the basis for a new comedy series, or at least a regular spot on Saturday Night Live.

LOL...So what you are saying is ya can't fix stupid, but ya can copyright it...?

littleroundman
09-06-2011, 09:23 AM
LOL...So what you are saying is ya can't fix stupid, but ya can copyright it...?

Mate,

three minutes after the first episode went to air, this bunch of desperadoes would be knocking on the door looking for a payout.

Not that I would blame them.

Even gurus gotta eat,

And they're sure as hell not getting anything out of their fantasy Iraqi dinar holdings.

Gregg
09-09-2011, 01:59 PM
Oh, I dunno, there's a lot of people buying Dinar, dumb as it seems, and I kind of think these guys are getting something from whomever is selling all those pretty pictures....

Sam I Am
10-08-2011, 08:02 AM
I thought that might be the case, but I have confirmed from somebody who has met him that he's not Stephen Anthony Breitling. In fact his last name isn't really Breitling, according to Roger Dorman of Dinar Daddy (http://www.blogtalkradio.com/adfdatweqb/2011/01/27/dinar-daddys-talk-radio-show). I'm still working on this and I'll let you guys know what I find out.

Sam I Am
10-14-2011, 04:19 PM
Okay, Breitling's name is Tony Elder and he lives in Vegas.

Tony's Twitter page (http://twitter.com/#!/AgentBreitling)
Facebook page (http://www.facebook.com/#!/profile.php?id=1257223126)
Tony's blog - Iraq Investments: Apr 24, 2011 (http://breitlingcurrency.blogspot.com/2011_04_24_archive.html)

One of his friends on Facebook is Angela Pack Dorman from The Treasury Vault. The smoking gun IMO.

Ptnfl
11-21-2011, 11:51 AM
Thats a good find.

Ptnfl
11-21-2011, 11:57 AM
I questioned Rudy on one of his posts on Florida Dinar Face Book, in which he claims that he is dying. I said this was not the place to post your personal issues. If that is the case I feels sorry for him, but he never posts anything on value ab0ut the Hedge Fund. He responded by sending me email threatening me with all the power he has and with the help of all his fellow Marines and his IT guys. I cannot list his post as I was deleted from his face book page.

Ptnfl
11-23-2011, 08:54 AM
Have you gotten any more info on him?

Gregg
11-23-2011, 08:39 PM
First thing I noticed is he claims to have a degree in "Economics and Engineering" from University of Colorado at Boulder.

I thought that was a strange combination, so I was less than surprised to find University of Colorado at Boulder doesn't offer a degree in Economics.

He might be an engineer, though.

richie chop
02-10-2012, 07:52 AM
Rudy the false alarm has stated
"My life has been very transperent, and anyone can check on it.

I have had commendations and recognition for my involvement in Desert shield and desert storm"
so I did..and what I found out on his so called military career was that he was never over seas..and spent less then one year in the USMC before he was discharged..

richie chop
02-10-2012, 07:58 AM
My name is Rudolph Coenen, i am the person who spoke to Hannity, 2 weeks ago on his radio show. Everyone was wondering who i was, and where did i get my information. I live in Jacksonville, Fl and have been in the Banking business for 15 years. In 1982 i joined the Marine Corps, and had a wonderful 12 year career, Semper Fi. You can google my name and look at my background. I studied International Finance at the University of Colorado, and received my masters in economics. My last position was with JPMCHASE in there cdo dept, and i had a 420million dollar portfolio. I also owned a mortgage company called DIRECT LENDING, we did loans thru out the U.S.
I am well known in the banking industry and have had my own radio show and also have been a contributor to fox news.
My life has been very transperent, and anyone can check on it. well anyone was busy so 'No One" richie chop did check
I have had commendations and recognition for my involvement in Desert shield and desert storm







sean hannity_sept 2,2010.wmv - YouTube (http://www.youtube.com/watch?v=f1LV4cOmQDU&feature=player_embedded)







rudy where's the proof we hold 5.5 TRILLION IQD??????..I know you musta copy'd and typed it some where
















this guy is by far not a "Good OR Smart Christian"!!! LOL check this out!!! 16 records on him...but here are three from his arrest in the county jail!





Rudolph Coenen - Pipl - People Search (http://pipl.com/search/?FirstName=Rudolph&LastName=Coenen&City=&State=FL&Country=US&CategoryID=2&Interface=46)













here is Hepatitis info...just FYI.



http://www.pkdiet.com/pdf/PLDtxFL.pdf







Rudolph Coenen works tirelessly to raise awareness for organ donation (http://www.nctimes.com/news/local/community/article_7c539f25-2500-5f51-91ab-3adc18df2dee.html)





Rudolph Coenen - Pipl Directory (http://pipl.com/directory/name/Coenen/Rudolph)





Direct Lending

Rudolph Coenen

12058 San Jose Blvd

Jacksonville, FL

(904)268-7702





FICTITIOUS BUSINESSNAME STATEMENT
___
File No. 1997-013928
THE NAME OF THE BUSINESS:

ECONO LUBE N' TUNE #257

LOCATED AT: 1122 WEST VALLEY PARKWAY
IN: ESCONDIDO CALIFORNIA 92029
IS (ARE) HEREBY REGISTERED BY THE FOLLOWING OWNER(S):
RUDOLPH M. COENEN
31727 VIA SAN CARLOS
TEMECULA, CA 92592
This business is conducted by:
an Individual
THE TRANSACTION OF BUSINESS BEGAN ON: 5/27/97
RUDOLPH M. COENEN
THIS STATEMENT WAS FILED WITH RECORDER/COUNTY CLERK OF SAN DIEGO COUNTY ON MAY 27 1997
Pub. June 18,25 July 2,9 - d508627





United Mortgage Group.(Ohio/ Cleveland)(Corri O'Brien joins as relationship manager)(Brief Article) | HighBeam Business: Arrive Prepared (http://business.highbeam.com/5168/article-1G1-110315124/united-mortgage-group)





San Diego Source > Notices (http://www.sddt.com/Publicnotices/index.cfm?PublicationDate=06/24/1997&Action=Browse&Category=404%20Fictitious%20Name)







COENEN, RUDOLPH
Jail Number: 2009015502
HTML Printer-Friendly Version

JSO ID: 710318


RELEASED







Inmate Information




Housing Location:

Admitted:04/12/2009 04:12 AM

ID Check Completed: Y

Released: 04/18/2009 05:39 PM Release Reason: TIME SERVED

Bond Agency: N/A

Bond Agency Address: N/A

DOB: 11/11/1964 Age: 45 Sex: M Race: W

Height: 600 inches Weight: 165 pounds Hair: BLACK Eyes: BROWN

Arrested: 04/12/2009

Expected Release Date: N/A

Address: 10347 NAKEMA DR W

City: JACKSONVILLE State: FL Zip: 32257-0000

Visitation Information:
N/A


Completed Admissions Process: N/A

How Long in Jax? (YY/MM):4/0

Next Court Date: No Pending Court Date

Payment Required for Release: * N/A

Arresting Agency: JACKSONVILLE SHERIFF'S OFFICE

Length of Sentence: N/A

Pending Unsentenced Charge(s): No




Charge Information




Statute: S784.03 Description: BATTERY / DOMESTIC
Bond: N/A Fine: N/A Purge: N/A Blanket Bond Group:
Charge Type: MISD Capias/Warrant: N/A Case #: N/A OBTS: 1602187133
Date Entered: 4/12/2009 4:12:05 AM Charge Status: CHARGES DROPPED
Jurisdiction: N/A
Sentence Date: N/A Years: 0 Months: 0 Days: 0
Sentencing Judge: N/A
Charge Comments: N/A
Incident Number: 2009299689






Active Hold Information




Applied Date: Type:
Agency: Case No.:






COENEN, RUDOLPH MARTIN
Jail Number: 2009029856
HTML Printer-Friendly Version

JSO ID: 710318


RELEASED







Inmate Information




Housing Location:

Admitted:07/14/2009 10:29 PM

ID Check Completed: Y

Released: 07/15/2009 06:54 PM Release Reason: TIME SERVED

Bond Agency: N/A

Bond Agency Address: N/A

DOB: 11/11/1964 Age: 45 Sex: M Race: W

Height: 600 inches Weight: 185 pounds Hair: BLACK Eyes: BROWN

Arrested: 07/14/2009

Expected Release Date: N/A

Address: 10347 NAKEMA DR W

City: JACKSONVILLE State: FL Zip: 32257-0000

Visitation Information:
N/A


Completed Admissions Process: N/A

How Long in Jax? (YY/MM):4/0

Next Court Date: No Pending Court Date

Payment Required for Release: * N/A

Arresting Agency: JACKSONVILLE SHERIFF'S OFFICE

Length of Sentence: N/A

Pending Unsentenced Charge(s): No




Charge Information




Statute: S322.34(2) Description: LICENSE; KNOWINGLY OPER VEH W/ DL SUSP, CANCELLED, REVOKED
Bond: N/A Fine: N/A Purge: N/A Blanket Bond Group:
Charge Type: MISD Capias/Warrant: N/A Case #: N/A OBTS: 1603025689
Date Entered: 7/14/2009 10:29:02 PM Charge Status: CHARGES DROPPED
Jurisdiction: JSO
Sentence Date: 07/15/2009 Years: 0 Months: 0 Days: 0
Sentencing Judge: N/A
Charge Comments: N/A
Incident Number: 2009586434



Statute: S316.193(3)(C)1 Description: DUI - CAUSES DAMAGE TO PERSON OR PROPERTY
Bond: N/A Fine: N/A Purge: N/A Blanket Bond Group:
Charge Type: MISD Capias/Warrant: N/A Case #: N/A OBTS: 1603025689
Date Entered: 7/14/2009 10:29:02 PM Charge Status: TIME SERVED
Jurisdiction: N/A
Sentence Date: 07/15/2009 Years: 0 Months: 0 Days: 0
Sentencing Judge: N/A
Charge Comments: N/A
Incident Number: 2009586434



Statute: S316.193(1) Description: DUI - UNDER INFLUENCE OF ALCOHOL OR CHEMICAL SUBSTANCE; FACULTIES IMPAIRED
Bond: N/A Fine: N/A Purge: N/A Blanket Bond Group:
Charge Type: MISD Capias/Warrant: N/A Case #: N/A OBTS: 1603025689
Date Entered: 7/14/2009 10:29:02 PM Charge Status: CHARGES DROPPED
Jurisdiction: N/A
Sentence Date: 07/15/2009 Years: 0 Months: 0 Days: 0
Sentencing Judge: N/A
Charge Comments: N/A
Incident Number: 2009586434






Active Hold Information




Applied Date: Type:
Agency: Case No.:





COENEN, RUDOLPH MARTIN
Jail Number: 2009043048
HTML Printer-Friendly Version

JSO ID: 710318


RELEASED







Inmate Information




Housing Location:

Admitted:10/11/2009 11:18 PM

ID Check Completed: Y

Released: 10/12/2009 07:15 PM Release Reason: SURETY BOND

Bond Agency: BAIL BOND EXPRESS

Bond Agency Address: 1125-1 CESERY BLVD, JACKSONVILLE, FL, 32211

DOB: 11/11/1964 Age: 45 Sex: M Race: W

Height: 600 inches Weight: 175 pounds Hair: BLACK Eyes: BROWN

Arrested: 10/11/2009

Expected Release Date: N/A

Address: 10347 NAKEMA DR W

City: JACKSONVILLE State: FL Zip: 32257-0000

Visitation Information:
N/A


Completed Admissions Process: N/A

How Long in Jax? (YY/MM):6/0

Next Court Date: No Pending Court Date

Payment Required for Release: * N/A

Arresting Agency: JACKSONVILLE SHERIFF'S OFFICE

Length of Sentence: N/A

Pending Unsentenced Charge(s): No




Charge Information




Statute: S320.261 Description: ATTACHING LICENSE PLATE OR VALIDATION STICKER NOT ASSIGNED
Bond: $10,003.00 Fine: N/A Purge: N/A Blanket Bond Group: 1
Charge Type: MISD Capias/Warrant: N/A Case #: N/A OBTS: 1602204971
Date Entered: 10/11/2009 11:18:37 PM Charge Status: SURETY BOND
Jurisdiction: JSO
Sentence Date: N/A Years: 0 Months: 0 Days: 0
Sentencing Judge: N/A
Charge Comments: N/A
Incident Number: 2009853078



Statute: S322.34(2) Description: LICENSE; KNOWINGLY OPER VEH W/ DL SUSP, CANCELLED, REVOKED
Bond: $10,003.00 Fine: N/A Purge: N/A Blanket Bond Group: 1
Charge Type: MISD Capias/Warrant: N/A Case #: N/A OBTS: 1602204971
Date Entered: 10/11/2009 11:18:37 PM Charge Status: SURETY BOND
Jurisdiction: JSO
Sentence Date: N/A Years: 0 Months: 0 Days: 0
Sentencing Judge: N/A
Charge Comments: N/A
Incident Number: 2009853078
























He is married has 4 daughters lives in Jacksonville, Florida.

Was with Direct Lending.

Works for Hepitias C Foundation to raise money for research.

Is on a waiting list for liver transplant.









Read more: Regarding Author of Federal Reserve/CBI must read - Dinar Vets Message Board - Page 2 (http://dinarvets.com/forums/index.php?/topic/32647-regarding-author-of-federal-reservecbi-must-read/page__st__20#ixzz0zwO6hXOo)









who he says he is:



News by Rudolph on Myspace (http://blogs.myspace.com/index.cfm?fuseaction=blog.view&friendID=138465271&blogID=205906596)





Plaxo - Profile (http://www.plaxo.com/directory/profile/60129700040?ppk=7fc29cdfa81a87af5480e70dacd55d5364 b4be43)



Article (from March 2005) confirming he has Hep C:



Personal Crisis Inspires Temecula Man to Rally for Organ Donation

Awareness (Page 4):



http://www.hcvadvocate.org/news/NewsUpdates_pdf/News_Review%202005/NewsRev-92.pdf





Search Link: Rudolph Coenen - Pipl - People Search (http://pipl.com/search/?FirstName=Rudolph&LastName=Coenen&City=Jacksonville&State=FL&Country=US&CategoryID=2&Interface=46)










Subject: link to econo lube temecula CA



San Diego Source > Notices (http://www.sddt.com/Publicnotices/index.cfm?PublicationDate=07%2F1%2F1997&Action=Browse&Category=404%20Fictitious%20Name)



looked it up...he in fact was arrested in Duvall County, Jacksonville , FL...and had another case against him in court with a business partner who uses an ALIAS



sent to me from another concerned member



If you were on the CC call when "HE" was introduced, he explained his ONE criminal record of domestic violence as protecting his wife from his brother in law "IN CALIF". I believe there is a few more then ONE Hmmmmmm That is odd because the criminal background that was exposed on him and civil judgments were found in a county, oh about 5000 miles away from CA. Hmmmm long ride in a cop car to jail, ya think??? Thus a lie to thousands of peeps, and they, including Frank, believed it. I was told He gave name, phone number and location to all on DV site and asked everyone to search him out. They did and exposed MUCH that he had to explain to DV and they banned him. KTFM was given the links to do their own research and I feel they may have ignored it, because I feel they would never have highlighted this rudy knowing the truth and yet hearing him tell provable lies on the CC. They should have done their research. It just so happens that Jax, Fl is in Duval county that has a public search web site that is free and for public access. Duval arrest records for a crime in CA,??? NOT!!! What about all the OTHER charges??? He was never asked, so he never explained on the CC at KTFM. What about the civil records in Duval county. Hmmmm IRS Lien, and yet Frank asks him to discuss banking, finance, and TAX ADVICE??????? Some People CHOOSE to wear blinders and some people just are blind. Frank is not blind, just needs to OPEN his eyelids to see. Enough for now. Thanks again. Duval county arrest records and civil judgments speak for themselves. I have said nothing against anyone. The public record speaks much louder than any person.... He also has a "partner in his intentions", a dinar web site, a facebook to gain personal info, and an agenda that NO ONE knows yet.. IMO All behind the scenes. SO once again, if what you stood for last night helps protect the blind or closed eyes folks, great and the ones that choose to wear the blinders.... They WILL get what they are asking for... IMO..











BELOW LINK IS WHERE RUDY GOT "HIS " HCL POST the first post here....AGAIN PLAGERIZEING AND NOT ADDING LINKS TO WHERE HE COPYED AND PASTED...OHHH. I FORGOT HE CANT COPY AND PASTE HE DONT KNOW HOW TO DO THAT?????...LOL......AT LEAST THATS WHAT HE SAID!....AGAIN WORD FOR WORD....HE COPIED AND TYPED IT AND FORGOT TO ADD LINKS..... AND FAILED TO MENTION WHO REALLY WROTE THAT SECTION...... LIKE A THIEF IN THE NIGHT...AND FRANK PLACED HIM BACK INTO KTFM WATERS TO FEED AGAIN....WHY IS HE STILL HERE AND WHY DOES FRANK26 AND COMPANY CONTINUE TO FEED THE SHARK...IDF'nK



I could tell the orange is his..cause that's a retarded statement..but I am No One! IMO...For IRAQ to claim that it solely survives on 95% of GDP on OIL AND GAS...my edumacated guess is.......................HCL is very Important to the IQD and its REAL RATE....Again remember .......I Am No One!





US Labor Against the War : Iraq's Hydrocarbon Law -* in whose interests? (http://www.uslaboragainstwar.org/article.php?id=13489)









RUDY SEZ.......:

"SO LET’S TALK ABOUT THE ISX AND HCL AND THE DINAR

here is the law for you to review and understand it is already in place, it has

no current bearing on the dinar or its revalue, the IMF has already taken this

into consideration, so quit believing this needs to pass before the Dinar can

revalue

A Hydrocarbon Law which advocates a radical restructuring of Iraq’s oil industry

was approved by the Iraqi cabinet in February. If passed by parliament, the law

will mark a milestone in Iraqi history a shift of Iraq’s massive reserves from

public to private hands. It could see private companies develop and profit from

Iraq’s oil for 15-30 year periods with virtually no possibility for the Iraqi

State to renegotiate contractual terms and conditions. The first draft of the

oil law was produced to a timeline set by the International Monetary Fund. The

IMF ordered, as a condition of debt relief, the issuance of an oil law by

December 2006. This law had to open up Iraq oil (for the first time in over30

years) to long-term investment by foreign oil companies. Finally produced in

July 2006, the first to review it and comment on it were 9 multinational oil

companies, the British government and US government. It would be eight






--------------------------------------------------------------------------------


Sent: 10/12/2010 8:28:59 A.M. Eastern Daylight Time
Subj: (no subject)



rudolph coenen
cant wait for the next video, i am in the newbie quadrant, doing what you said, looking for free educ, and testing the waters with demo accounts, feel lost. look forward from hearing from you














Video 1: My “Flexible Forex” Day… « Flexible Forex Day Trading – Winter 2010 Update (http://www.forexincomeengine.com/news/?p=3&notlive=1)





this guy is by far not a "Good OR Smart Christian"!!! LOL check this out!!! 16 records on him...but here are three from his arrest in the county jail!





Rudolph Coenen - Pipl - People Search (http://pipl.com/search/?FirstName=Rudolph&LastName=Coenen&City=&State=FL&Country=US&CategoryID=2&Interface=46)













here is Hepatitis info...just FYI.



http://www.pkdiet.com/pdf/PLDtxFL.pdf







Rudolph Coenen works tirelessly to raise awareness for organ donation (http://www.nctimes.com/news/local/community/article_7c539f25-2500-5f51-91ab-3adc18df2dee.html)





Rudolph Coenen - Pipl Directory (http://pipl.com/directory/name/Coenen/Rudolph)





%20Name











--------------------------------------------------------------------------------


Sent: 10/6/2010 11:52:19 P.M. Eastern Daylight Time
Subj: WARNING





Well, I am furious tonight ( no, our investment is fine & all good to go, don't worry about that )

Rather than send the usual stuff I am sending only this, and not even going to attempt to find a "nice polite way" to convey any of it.

It will all speak for itself and for your own protection & that of your dinar friends I encourage you to read every word carefully.
This "Rudy" guy ( whoever he might really be ) seems to have ingratiated himself suddenly from out of nowhere at multiple forums, including ktfm, raises more red flags with me than anything I have seen yet since we've all been in this thing.

All that follows is the OPINIONS of myself and others, I do not know the man personally nor do I wish to.

For your own sake & the safety of your investment, I caution you MOST STRONGLY to take anything you read "recommended" by him with a whole cupful of salt & do your due diligence to investigate further before blindly following his or anyone else's advice on how to handle your dinar money or other ''good investments."



many of the "most highly educated & knowledgeable dinarians" who I personally know have had some pretty strong concerns & reservations about this guy for some time. There are reasons why I wrote you all the other day saying I WOULD NOT be sending any info about his "forex webinar"



I want you all to keep your investment & enjoy it's rewards, just as I wish to enjoy the rewards of mine.

How heartbreaking it would be to lose it all in an instant....... and this "rudy" claims to be quite the "ace" at that, which tells me with complete certainty he knows that is a game for only & exclusively the most highly trained expert traders.

Just watch out for this guy, whatever forum you might find him in, I truly honestly simply do not believe that he has YOUR best interests at heart.



Please excuse the strong and/or ugly language contained within some of this, I am not editing anything. although i am somewhat embarrassed for myself, it is best ( i feel ) to just share all this straight & honest as it occurred.



I feel really bad for Frank, for he means only well, honest & for real. None of us are perfect but Frank does try his heart out & I really wonder if it isn't slowly killing him, inside & out.

this rudy jerk could get ktfm sued & wiped out totally bigtime, in more ways than one. I know he is exhausted, and I am told he is having health problems as well.
He needs prayers for sure, real ones from the heart, too many people in there are 'counting on him & what others say in there" FAR more than they ever should rather than "take responsibility" for themselves.

Now their very best & true-loving "security guard" has been banned while a "snake" is left to roam free there at will.



It is my sincere hope that by sharing this tonight, it will stick as a good reminder, now more than ever as we draw close to the finish line, to be EXTREMELY CAREFUL about guarding yourself & your family from "wolves in sheep's clothing."







This was my note to Richie..who is now BANNED AGAIN..



Hey Richie, was able to catch these before they delete everything.

This is the biggest crock of bullshit yet.

I have a present for you beneath the posts from me and xxxxxx, at least there are a few of us who understand what you just did and are SUPER GRATEFUL for it. xxxxxxxx said fine to copy for you.

Furious right now, can't think. Need to go in there and get banned myself now - F THEM! They can't even figure out you're trying to save ktfm & its members from complete legal & financial destruction by this viper.

i am just sick inside right now

how blind can people be?







#50

Today, 08:06 PM


richie chop

Senior Member

Join Date: Dec 2008

Location: New York

Posts: 10,818





--------------------------------------------------------------------------------

Quote:

Originally Posted by richie chop

if anyone missed rudy'z POST..you can catch it here as well..almost word for word....next time PROVIDE A LINK...TOS RULES

Gold Carry (http://whiskeyandgunpowder.com/free-reports/gold-carry/)



FRANK26 ..Have your ADMINZ SEND THE GUY WHO REALLY WROTE THE RUDY'S POST A LETTER EXPLAINING HOW HE FLY UNDER THERE RADAR....

Contact Us
If you have any questions, concerns, subscription problems, or if you are interested in re-printing or syndicating Whiskey articles please email: whiskey@agorafinancial.com .

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GlimDropper
05-10-2012, 10:06 PM
It's been a while since I've updated this thread and I thank the people who have posted for their continuing contributions. I was just weeding through the linkbacks at the bottom of the page and I found a highly amusing one. I've known Rudy Coenen was conducting periodic conference calls for his phantom hedge fund but didn't summon up the curiosity to track them down. Boy was that a mistake.

I'm listening to a rather lengthy and bull crap filled rant from Rudy blaming all of Bayshore Capital's problems on the head of his former exclusive marketing arm, one Bradford Heubner. If you're interested in the con artist equivalent of an argument between a lobster pot pirate and a fishmonger's wife, allow me to direct your attention to this MP3 link (http://download3.freeconferencepro.com/rec/1264699943-20120403175354-54287596.mp3). I wont have detailed comments on the call at this time as I'm too busy laughing my ass off for that. Soon.

And a tip of the hat so to speak to Mr.IDQ (http://mriqd.com/2012/05/02/exposed-bh-group-bayshore-why-is-the-fbi-investigating-what-happened-to-the-3million-of-investors-money/) for the link to the call. As strange as it is to say, I kinda missed hearing Rudy lie his ass off.

GlimDropper
05-11-2012, 10:31 PM
The word of the day is Renumerated. lol

Rudy is so cute when he tries to sound like he knows what he's talking about. I lost count of the number of times Rudy said "renumerate" when he meant to say remunerate. I somehow doubt that anyone getting their investment advice from Rudy knows what remunerate means so he's golden.

It's fairly impossible to prove Rudy was lying about some of the things he was accusing Brad of doing behind the scenes so we fall back on the old axiom that you accord trust in matters which can not be proven in proportion to how trustworthy they are in matters which can be proved. Let me make this clear, I am no fan of Brad Huebner but Brad can speak more than three sentences in a row without telling an outright lie, I don't think Rudy can do the same.

Highlights from the call:

Early in the call Rudy states that BayShore Capital Investments is registered with FINRA. Again, this is the link (http://www.finra.org/Investors/ToolsCalculators/BrokerCheck/) to their search tool, I tried every variant I could think of (BayShore Capital Investments, Bay Shore Capital Investments, BayShore Capital, ect.) perhaps someone else will have better luck but I sure as hell don't find it or Rudy's name in there.

Now the following is a "foundational" lie in so far as so much of his subsequent arguments are built off it. Rudy is now claiming that all the applications to his hedge fund and all the $750 checks were mailed directly to Brad and the BH Group and for a long time Brad wouldn't send him a list of the applicants to the fund and when he finaly did send him the info it was in an unusable form. THIS he claims is why the hedge fund hasn't been created yet and why he can't issue refunds. I posted a copy of the application form in the seventh post (http://www.realscam.com/f12/bayshore-capital-investments-bh-group-651/#post8611) in this thread from which I quote:


Un-refundable Application Fee: $750 (Enclose Check payable to: Bayshore Capital Investments, LLC)
INCEPTION INVESTOR SEAT ALLOCATION
FOR IRAQI HEDGE FUNDS I AND II
Sign Name
Print Name Clearly
RETURN SIGNED CONTRACT
AND CHECK TO:
Bayshore Capital Investments, LLC
10347 Nakema Dr. West
Jacksonville, FL 32257
ATTN: Rudolph Coenen, CEO

So Rudy, how did the checks and the applications end up with Brad in Toledo when you had people mail them to your home in Jacksonville? This is a huge lie and he circles back to it time and again because it serves as a pat answer for why he can't give people their money back. The real reason he can't give it back is he's spent it already*, but he can't blame Brad for that. He can't even keep his lies straight, how can Brad be the reason the hedge fund doesn't exist when it says in black and white on his application form the the hedge funds wont be created until 21 days after the Dinar RV's to at least parity to the dollar. Maybe Brad is to blame for the Dinar not "RV'ing?"

This sorta dove tails into Rudy's many claims that BayShore was paying the freight for web development, travel and entertainment expenses and even the rent on Brad's office. Rudy's financial misfortunes are well documented early in this thread, foreclosures, a repossession, a tax lien ect. If Rudy wasn't receiving all the $750 checks I don't think it would have been possible for him to come current on his mortgage let alone bank rolling "Brad's lavish lifestyle."

Rudy also expressed shock and outrage that Brad was telling people that the only way they could join the hedge funds was to purchase dinar from the BH Group. Rudy pretends that he put his foot down and angered Brad when he demanded that practice stopped. Again from the application to join the funds (linked above):


Due to the overwhelming response for this initial offering, the only fair way to allocate Seat Positions for the Iraqi Hedge Fund, LP I and II is to base it on the total amount of Iraqi Dinars purchased DIRECTLY from The BH Group up until this subscription is closed. All BH Group members will receive a questionnaire asking you to confirm the total amount of Dinars you’ve purchased from The BH Group and if you’re interested in participating in the Iraqi Hedge Fund I or II.

Rudy has a very accurate opinion of the people who trust and respect him, he treats them like morons. One possible definition of the word "expert" is an idiot who knows how to attract people even less informed than they are and who knows how to bewitch them. No truer words have ever been spoken about Roudolph Coenen.

Less a lie than willful stupidity (well, both) but Brad and Rudy were gearing up to kick off a subscription website for Dinar news ($29/month) and the now infamous "Dinar Summit" was an attempt to get Roger, Scooter, Tony and the other Gurus to promote the site on the promise that they would receive $5/month for every signup they sent to the site. Rudy was "shocked" because they couldn't afford to pay $5 for each of what was sure to be at least a few hundred thousand signups and again proving his mental mastery of all things financial he failed to understand that each of those signups would have been a $24/month asset and not a $5/month liability and they only cost $5/moth as long as they were paying in $29/month. But Rudy has never been any good with money.

I've been hemming and hawing over if to include this one, but Rudy claims that a web design company recommended by Brad charged Rudy $130,000 for a website and delivered him a very substandard product. I can't ~prove~ he's lying but I'm sure he is. I wont mention the company name or the name of the principles involved, I don't want to cloud their reputation with Rudy's lies. But I've seen examples of their work and they do a fine job. The owner is a respected entrepreneur who's only involvement in this sad sordid tale is they were hired to build websites for a sociopath.

There are other examples from the call but this much is clear, Rudy's head is buried so far up his ass he uses his navel as a blow hole.


* - On a re-listening to the call Rudy admits his bank accounts have been seized so perhaps there is some small hope of partial refunds to his victims. The amusing thing is Rudy blames Brad for this as well, I wonder if his DUI was Brad's fault too.


And a late edit to add a BlogTalkRadio link (http://www.blogtalkradio.com/hedge-funds-iraq-and-middle-east/2012/04/16/bayshore-hedgefund-and-1-investment-the-iraqi-dinar) to more of Rudy's BS. 832 million dollars committed to his fund, but yet he has only 18 people on the call. He also admits that the Treasury Department and the IRS are both issues complicating the launch of his funds. He claims he had his whole trading platform set up and in place ready to roll but the IRS seized it. It's long enough past April 15th for me to feel great personal warmth and genuine affection for the IRS at this moment. (But that's probably Brad's fault too.)

MrIQD.com
05-17-2012, 01:41 PM
It's been a while since I've updated this thread and I thank the people who have posted for their continuing contributions. I was just weeding through the linkbacks at the bottom of the page and I found a highly amusing one. I've known Rudy Coenen was conducting periodic conference calls for his phantom hedge fund but didn't summon up the curiosity to track them down. Boy was that a mistake.

I'm listening to a rather lengthy and bull crap filled rant from Rudy blaming all of Bayshore Capital's problems on the head of his former exclusive marketing arm, one Bradford Heubner. If you're interested in the con artist equivalent of an argument between a lobster pot pirate and a fishmonger's wife, allow me to direct your attention to this MP3 link (http://download3.freeconferencepro.com/rec/1264699943-20120403175354-54287596.mp3). I wont have detailed comments on the call at this time as I'm too busy laughing my ass off for that. Soon.

And a tip of the hat so to speak to Mr.IDQ (http://mriqd.com/2012/05/02/exposed-bh-group-bayshore-why-is-the-fbi-investigating-what-happened-to-the-3million-of-investors-money/) for the link to the call. As strange as it is to say, I kinda missed hearing Rudy lie his ass off.

We just wanted to say thanks for the kind mention and Hat Tip! :-)
~ Mr. IQD

GlimDropper
05-17-2012, 10:36 PM
You are most welcome Mr. IQD, welcome to RealScam.

I've seen my words and my work copy and pasted in a bunch of places with and without attribution. I don't do any of this for money so I appreciate the people who simply give me credit and am likewise happy to give credit where it's due.

Sam I Am
05-19-2012, 06:51 AM
"I am no fan of Brad Huebner but Brad can speak more than three sentences in a row without telling an outright lie ...."

I'm not so sure about that, GD. Have you listened to Dinar 101 (http://www.youtube.com/watch?v=5UeNzMKJmK0)? Did you catch his latest conference call (http://dinardouchebags.blogspot.com/2012/04/april-22-28-douchie.html)? He's a total douche.

mcctnt2000
08-10-2012, 02:51 PM
Seeing that both Brad and Rudy are playing the pass the buck game I thought they might like a reminder of how cozy they once were together:



Hedge fund I & II seat holders, you'll soon be seeing that whether the "RV" happens or not, Rudy will never set up his hedge funds. I would encourage you to remain in contact with as many other Bayshore investors as possible and together investigate the possibility of initiating a class action lawsuit. I suspect there are more than 1,000 of you out there so even if the case can't be tried on a contingency basis you can divide up the initial attorneys fees across a lot of you. The problem being that Rudy was having documented financial problems prior to receiving your non refundable application fees and there's a valid question as to what percentage of your money would be available for recovery. But I think your attorney can advise you about adding Brad Huebner and possibly even Charley Emmenecker as co defendants. They quite arguably share culpability here with Rudy and I suspect their pockets are deep enough that you could all get your money back.

Check out Iraqi Dinar Scam | Toledo Attorney | Lawyer - Thomas D. Pigott (http://www.pigottlaw.com/Iraqi-Dinar-Scam)

Sam I Am
09-04-2012, 01:13 PM
Here's the BH Group's latest project (http://investing.businessweek.com/research/stocks/financials/drawFiling.asp?formType=10-K). Thoughts?

Sam I Am
09-20-2012, 01:18 PM
Local men charged with fraud in multi-million dollar scheme to sell Iraqi currency Posted: Sep 20, 2012 7:20 AM PDT Updated: Sep 20, 2012 9:10 AM PDT A federal grand jury returned an 83-count indictment charging three men from the Toledo area and a Florida man for their roles in the operation of a $24 million fraud scheme involving the sale of Iraqi dinar currency and two non-existent hedge funds, said Steven M. Dettelbach, United States Attorney for the Northern District of Ohio, and Darryl Williams, Special Agent in Charge, IRS-Criminal Investigation, Cincinnati field office. Those charged are: Bradford L. Huebner, 65, of Ottawa Hills, Ohio; Rudolph M. Coenen, age 47, of Jacksonville, Florida; Charles N. Emmenecker, 65, of Sylvania, Ohio, and Michael L. Teadt, 66, of Maumee, Ohio. The men are charged with conspiracy to commit wire fraud and wire fraud. Coenen and Huebner are also charged with multiple counts of money laundering. Additionally, Huebner is charged with multiple counts of structuring and willful failure to file currency and transaction reports.


The men are charged with conspiracy to commit wire fraud and wire fraud. Coenen and Huebner are also charged with multiple counts of money laundering. Additionally, Huebner is charged with multiple counts of structuring and willful failure to file currency and transaction reports. As a result of the defendants' conduct, investors lost nearly $23.8 million from dinar sales and more than $700,000 from the sale of non-existent hedge fund "seats" and "placements," according to the indictment. "These defendants made false statements time and again to convince people to part with their savings and hard-earned cash," Dettelbach said. "The fact that one defendant falsely claimed he was wounded while fighting in Iraq is particularly egregious." The indictment charges that beginning about August 2010, Huebner, Coenen, Emmenecker and Teadt conspired to operate "BH Group" in Toledo and "Bayshore Capital Investments" in Jacksonville in order to defraud investors through investments in the Iraqi dinar currency and two non-existent hedge funds.

http://www.13abc.com/story/19594414/local-men-charged-with-fraud-in-multi-million-dollar-scheme-to-sell-iraqi-currency

Hopefully there are more indictments to come.

GlimDropper
09-20-2012, 04:05 PM
Sam I am beat me too it, but from the Toledo Blade:



3 Toledo-area men charged in scheme to sell Iraqi money

BLADE STAFF

http://www.toledoblade.com/image/2012/09/20/300x_b1_cCM_z_cT/Huebner-Teadt-Emmenecker.jpg (http://www.toledoblade.com/image/2012/09/20/800x_b1_cCM_z_cT/Huebner-Teadt-Emmenecker.jpg) [U.S. marshals escort, from left, Bradford L. Huebner, of Ottawa Hills, Michael L. Teadt, of Maumee, and Charles N. Emmenecker, of Sylvania, from U.S. District Court in Toledo following their arraignment, Thursday. THE BLADE/DAVE ZAPOTOSKY ]


Three Toledo area men pleaded not guilty Thursday to federal charges that allege they were involved in a multi-million dollar scheme involving the sale of Iraqi currency.

Bradford L. Huebner, 65, of Ottawa Hills, Charles N. Emmenecker, 65, of Sylvania, and Michael L. Teadt, 66, of Maumee, appeared for arraignment before Magistrate Judge James Knepp II. All three men entered not guilty pleas through their attorneys.

The 83-count indictment issued Thursday also named Rudolph M. Coenen, 47, of Jacksonville, Fla. Mr. Coenen was not in court.

According to court documents, the men were charged for alleged involvement in the operation of a $24 million fraud scheme involving the sale of Iraqi dinar currency and two non-existent hedge funds. Each faces charges of conspiracy to commit wire fraud and wire fraud. Mr. Huebner and Mr. Coenen are also charged with multiple counts of money laundering, and Mr. Huebner is charged with multiple counts of structuring and willful failure to file currency and transaction reports.

Steven Dettelbach, the U.S. Attorney for the Northern District of Ohio, said that the defendants’ conduct resulted in a loss to investors of nearly $23.8 million from dinar sales and more than $700,000 from the sale of non-existent hedges funds.


[Link to the rest of the article on the Toledo Blade] (http://www.toledoblade.com/Courts/2012/09/20/3-Toledo-men-charged-in-scheme-to-sell-Iraqi-money.html)

Wow, is about all I can say. I knew Rudy was going down and figured Brad was in hot water as well. But I was under the misapprehension that Charley didn't have a financial stake in the BH Group. Oh well, maybe he can sell Xango in prison.

And a late edit to add:


Ohio indicts Jacksonville man in Iraqi dinar fraud scheme
Posted: September 20, 2012 - 12:28pm | Updated: September 20, 2012 - 12:53pm
http://jax-cdn.com/sites/default/files/imagecache/story_slideshow_thumb/COENEN,%20RUDOLPH%20MARTIN.jpg (http://jax-cdn.com/sites/default/files/imagecache/superphoto/COENEN,%20RUDOLPH%20MARTIN.jpg)Coenen







By Dana Treen

(http://jacksonville.com/authors/dana-treen-0)

A Jacksonville man was among four people named Thursday in an Ohio indictment linking them in a scheme to sell Iraqi currency.


Rudolph Martin Coenen, 47, of Jacksonville was named in the 83-count indictment.
The indictment involves the operation of a $24 million fraud scheme with the sale of Iraqi dinar and two non-existent hedge funds.


Through a website and in conference calls, the men are accused of promoting the dinar and the hedge funds to investors who lost nearly $23.8 million from dinar sales and more than $700,000 from the sale of non-existent hedge funds. Each faces charges of conspiracy to commit wire fraud and wire fraud.


“These defendants made false statements time and again to convince people to part with their savings and hard-earned cash,” U.S. Attorney for the Northern District of Ohio Steven Dettelbach said in news release to the Toledo Blade. “The fact that one defendant falsely claimed he was wounded while fighting in Iraq is particularly egregious.”





[Link to the story on Jacksonville.com] (http://jacksonville.com/news/crime/2012-09-20/story/ohio-indicts-jacksonville-man-iraqi-dinar-fraud-scheme)

GlimDropper
09-20-2012, 07:46 PM
This is the part of the job I love. It's one thing to echo a call from the wilderness and send out the warning to anyone with the ears to hear it. That's what we do. But it's another thing to see so much of what you'd said repeated in a Federal indictment (which should be attached to this post).

In reading the indictment all I can say is, sucks to be you Rudy (and Brad, and ,...). It's been over a year since the raid and it looks like someones been spending that time doing their homework. This isn't a simple little tax issue or a simple little failure to file thing, this is a well coordinated and thoroughly researched legal action. And again, Sucks to be you Rudy. And you earned it.

One phrase I see often enough to toll like a bell, "together with other conspirators know and unknown to the Grand Jury." Tony Elder, Rodger Dorman, Scott Pember, they're talking about you and I don't think they're saying nice things.

If only there was a way to get James Wolf added to this list. Oh well, "Adam's" day will come soon enough (or near to it).

littleroundman
09-20-2012, 07:57 PM
As a result of the defendants' conduct, investors lost nearly $23.8 million from dinar sales

So much for the argument that selling dinars is a relatively harmless pastime and not worth comment.

Gregg
09-20-2012, 08:55 PM
This is the part of the job I love. It's one thing to echo a call from the wilderness and send out the warning to anyone with the ears to hear it. That's what we do. But it's another thing to see so much of what you'd said repeated in a Federal indictment (which should be attached to this post).

In reading the indictment all I can say is, sucks to be you Rudy (and Brad, and ,...). It's been over a year since the raid and it looks like someones been spending that time doing their homework. This isn't a simple little tax issue or a simple little failure to file thing, this is a well coordinated and thoroughly researched legal action. And again, Sucks to be you Rudy. And you earned it.

One phrase I see often enough to toll like a bell, "together with other conspirators know and unknown to the Grand Jury." Tony Elder, Rodger Dorman, Scott Pember, they're talking about you and I don't think they're saying nice things.

If only there was a way to get James Wolf added to this list. Oh well, "Adam's" day will come soon enough (or near to it).

In all modesty,I have to agree that I love this part. I'd also like to claim a little credit for getting the ball rolling on this one.
Remember this thread?
Quatloos! &bull; View topic - Dinarpaloosa (http://www.quatloos.com/Q-Forum/viewtopic.php?f=6&t=7047&p=117546&hilit=Ohio+Department+of+Commerce#p117546)


It was just April of 2011 when someone brought this to my attention...


Is this bozo in Ohio? I got peeps in Ohio I can that investigation going before the next RV rumor.

GlimDropper
09-20-2012, 09:12 PM
Howdy Gregg, it might be the work day from hell I just got through but I'm having a hard time seeing how to link to specific posts over at the Q. So for general consumption I'll link to the page (http://www.quatloos.com/Q-Forum/viewtopic.php?f=6&t=8521&p=147360#p147360) and quote part of what I posted:


Re: Lies my Dinar Guru Told me (http://www.quatloos.com/Q-Forum/viewtopic.php?f=6&t=8521&p=147360#p147360)

http://www.quatloos.com/Q-Forum/styles/Quatloos/imageset/icon_post_target.gif (http://www.quatloos.com/Q-Forum/viewtopic.php?p=147360#p147360)by GlimDropper (http://www.quatloos.com/Q-Forum/memberlist.php?mode=viewprofile&u=25974) » Thu Sep 20, 2012 9:22 pm


Thank you N.D. and for as long ago as it was since I've read any Lovecraft it still makes me feel a little shuddery to say Thank you Cathulhu (but I'll say it anyway, from inside a pentagram). I may have been an early reporter of what Rudy and Brad were doing but from a "how did they get here" perspective I'd be looking for a smoking gun near a telephone in a well secured bunker guarded by a savage daschund.


OK, so I did figure out how to link to a specific post, but I'll quote it here anyway. Cause when you're dealing with the Illuminati you roll like that. Heute die Welt, Morgens das Sonnensystem !!!

Sam I Am
09-20-2012, 09:29 PM
I gotta hand it to ya GD. You called Rudy a fraud before anybody. The indictment completely vindicates you. Thanks for taking the lead on this.

Gregg
09-20-2012, 09:33 PM
That's my new favorite indictment ever. It pretty much destroys all the internet myths about the Dinar all while showing what lying scumbags these guys were. I love what they say about Rudy and his military service and his 1 day career with JPMorgan Chase.

GlimDropper
09-23-2012, 10:38 AM
Just a bit of a BH Group news round up:


Published: 9/21/2012


Bond set at $500,000 for Ottawa Hills man charged in Iraqi money scheme

BLADE STAFF


http://www.toledoblade.com/image/2012/09/21/150x_b1_a3-4_cCM_z_ca91,43,257,260/Bradford-Huebner-1.jpg (http://www.toledoblade.com/image/2012/09/21/800x_b1_cCM_z_ca91,43,257,260/Bradford-Huebner-1.jpg) Bradford Huebner. Enlarge (http://www.toledoblade.com/image/2012/09/21/800x_b1_cCM_z_ca91,43,257,260/Bradford-Huebner-1.jpg)
An Ottawa Hills man charged with conspiracy and wire fraud over his Toledo business' alleged duping of investors in the sale of Iraqi currency was ordered released today from jail, but with tighter restrictions than two employees also charged in the case.

Bradford L. Huebner, 65, of 2936 Pembroke Rd., Ottawa Hills, is charged with conspiracy to commit wire fraud, wire fraud, and multiple counts of money laundering.

An 83-count indictment naming Mr. Huebner, who is chairman of BH Group, 17 N. St. Clair St., which specialized in the sale of Iraqi currency; Charles Emmenecker, 65, and Michael Teadt, 66, was unsealed Thursday after the three men were arrested. Later that day, all three men pleaded not guilty during their arraignments in U.S. District Court in Toledo.

[Link to the Toledo Blade story.] (http://www.toledoblade.com/Courts/2012/09/21/Bond-set-at-500-000-for-Ottawa-Hills-man-charged-in-Iraqi-money-scheme.html)

Mug shots have an amazing ability to be less than flattering. One side effect of "stalking" for information on a person over a span of time is a strange form of emotional transference. Compared to Rudy Brad seems like a very nice guy and in a weird way I genuinely "like" him.

I didn't post the following due to an agreement I had with him but earlier this year Brad was getting set to market a "trust product" to his BH Group. In exchange for all the information he had on the product and the principles involved I told him I wouldn't comment on his involvement as long as he wasn't selling them. My suspicions were correct, the "trust product" was a slightly redressed "Pure Trust" scam. The important thing is Brad was open to advice and he never did market the product.

So it's kinda strange to find myself saying this but looking at that mug shot makes me a little sad. But then I remind myself that even after the IRS raided him over a year ago he continued to sell the dinar as an investment. If he didn't know what he was doing was illegal it's because he never bothered to ask one of his attorneys. That or he didn't believe the answer he got when he did.

Now the following is something I have a few questions about:


http://www.youtube.com/watch?v=7QEY6BfwR2s&feature=player_embedded

More coverage:


Published: 9/22/2012 - Updated: 10 hours ago


2 who bought Iraqi currency file suit against indicted sellers, firms

BY ERICA BLAKE AND
NOLAN ROSENKRANS
BLADE STAFF WRITERS


A civil lawsuit was filed in Lucas County Common Pleas Court Friday by two Texas investors against four men and their companies accused of a criminal scam involving the sale of Iraqi currency.


In the civil case, John R. Merritt and Arley G. Lee say they each purchased several thousand dollars of Iraqi dinar based on the representations of the defendants and that the defendants’ actions were in violation of the U.S. securities laws. Toledo attorney Thomas Pigott, who filed the complaint, said that he plans to ask that the lawsuit be made into a class action to cover all the investors who bought into the alleged scheme.
“Our case is different than the federal criminal allegations in that we are alleging violations of the federal securities act,” Mr. Pigott said.


In addition to the four defendants, the lawsuit specifically names Energy Savers Advisors LLC, which does business as the BH Group; Bayshore Capital Investments LLC of Jacksonville; Treasury Vault LLC of Draper, Utah; and Dinar Trade Inc., of Las Vegas.

[Link to the Toledo Blade story.] (http://www.toledoblade.com/local/2012/09/22/2-who-bought-Iraqi-currency-file-suit-against-indicted-sellers-firms.html)

I was contacted a few days ago about this suit and I had a few apprehensions about it. But the fact that Rodger Dorman's Treasury Vault and Ali Agha's Dinar Trade were added as defendants changes the picture a bit. Last I heard Rudy had blown through his "seat allocation" money and had been representing himself (for now at least) in court. Brad had a lot of his assets seized already and was passing the hat for dinar donations and I don't really know how much Xango money Charley was bringing in. I didn't really see much money they could be sued for but you add Rodger and Ali and it makes a bit more sense.

Anyone who lost money to Brad and Rudy might consider contacting the law firm, Pigott, LTD (http://www.pigottlaw.com/). But if you do I ask a favor. I have been given assurances that this case is being taken on a contingency basis, meaning they only get paid if they win and recover money from the defendants. If the firm asks anyone for money up front I would like know about it. That and I've attempted to put them in touch with our esteemed Mr. Evans who could be a tremendous asset in preparing for the discovery process. That and Gregg knows "not quite right" when he sees it, if Pigott et. al. are willing to deal with him it's a safe bet they're on the up and up.

[Link to the class action complaint.] (http://www.pigottlaw.com/Dinar-Lawsuit/BH%20GROUP%20-%20CLASS%20ACTION%20COMPLAINT%20filed%20Sept.%2021 ,%202012.pdf)

GlimDropper
09-26-2012, 09:23 PM
Here's the BH Group's latest project (http://investing.businessweek.com/research/stocks/financials/drawFiling.asp?formType=10-K). Thoughts?

LD Holdings for whom Brad recorded what he called his "Boomer 101" video [Link] (http://www.youtube.com/watch?v=UeFywOsRmqA&feature=player_embedded) which he modeled after his more famous (or infamous) "Dinar 101" video. [Link] (http://www.youtube.com/watch?v=5UeNzMKJmK0)

I was aware of Brad pumping LD Holdings (OTC ticker symbol LDHL (http://finance.yahoo.com/q?s=LDHL)) but never gave it much attention. But it seems that Brad's recent indictment and his efforts to promote the company have gained some attention in the investing community. I have heard of the Seeking Alpha website (http://seekingalpha.com/) but have no firm opinion of it, they seem to have done the due diligence I didn't. September 21st of this year they published a story titled "Don't Get Dunked in LD Holding Pool of Hype" (http://seekingalpha.com/article/881251-don-t-get-dunked-in-the-ld-holdings-pool-of-hype) from which I quote:


On June 23, 2010 John Ayling voluntarily surrendered (http://www.toledoblade.com/local/2010/06/23/Perrysburg-firm-gives-up-investment-license.html) his firm's investment advisor license.
The Ohio Department of Commerce's division of securities said Tuesday it has abandoned its effort to revoke a Perrysburg firm's investment adviser license. The firm's president voluntarily surrendered it April 28.

John Ayling, president and chief compliance officer for Capital First Management Inc. of Perrysburg, terminated the license after the division formally sought its suspension or removal in 2009, spokesman Dennis Ginty said.


Yet ironically, he wants to help companies raise money and as we will discuss, solicit customers in his diners to buy into LDHL's business plan and stock.


We are not going to ramble on about accusations and insinuations of fraud. This is a unique circumstance where we only need to look at LDHL's insane business plan, conclude how utterly ridiculous and hilarious it is and realize that John Ayling has played this game in the past under LDTI, which ultimately resulted in a destruction of investors' capital.


John Ayling being the principle behind LD Holdings.

Well today the same website reports the following:

Ld Holdings Draws More Scrutiny As A Company Promoter Gets Indicted By Grand Jury



On September 21, we published our initial short thesis on Ld Holdings (LDHL.PK (http://seekingalpha.com/symbol/ldhl.pk)) on Seeking Alpha - Don't Get Dunked In The Ld Holdings Pool Of Hype (http://seekingalpha.com/article/881251-don-t-get-dunked-in-the-ld-holdings-pool-of-hype). If investors still choose to hold a long bias view after reading even more evidence presented in this follow-up, it is certainly their prerogative. But they have been warned. Our most striking finding will show that LDHL seems to be in bed with who we consider to be a less than angelic individual accused of running a $23 million investment fraud scheme. This should almost ensure that LDHL is heading back to near sub-penny levels any day now.


Outspoken LDLH Supporter Indicted For Fraud



Brad Huebner is an individual who, as we will show, has been instrumental in promoting the LDHL story. As an example, take this excerpt from a Huebner email solicitation (http://geoinvesting.com/companies/ldhl_ld_holdings/research), obtained from the web with a little digging:
"In the last 60 days this thinly traded stock has gone from .02 cents to .24 cents and we're just now launching our marketing campaign to introduce LD Holdings to the Dinar community and beyond. Once you understand the demographics that'll grow this Company, I think you'll agree that it's worth taking a serious look at!"
Sincerely
Brad and the BH Group Team



[Link to the article on Seeking Alpha dot com] (http://seekingalpha.com/article/888961-ld-holdings-draws-more-scrutiny-as-a-company-promoter-gets-indicted-by-grand-jury)

When you read the rest of the article it makes me wonder if there might be another indictment in Brad's future. A few select quotes:


Even if some investors want to view LDHL as a legitimate company, its relationship with Huebner almost ensures that it will lose the needed credibility to raise the much needed capital to execute its current business plan.


To continue our dissection of the LDHL story, we will focus on:




The motivation for the pump of LDHL shares, as well research into characters, mainly Huebner, that have been very direct in encouraging investors to sweep up LDHL shares.
Letters of Intents ("LOI") that may have helped fuel the pump of LDHL shares. These "agreements" were inked with companies/ventures that appear to have become inactive within month of their formations. No disclosures have yet to be made regarding the status of these LOIs.
Inconsistencies Across Filings; Weak Disclosures



And:


One of the most striking statements made by Huebner is his plea to readers to contact him and/or John Ayling if they needed assistance in setting up brokerage accounts in order to buy shares of LDHL. We are not legal experts, but we speculate that Huebner and Ayling are walking a fine line with the SEC by soliciting investors to buy stock.


We urge Huebner to send a follow-up email disclosing his 18 million shares which are up for grabs through a business consulting arrangement with LDHL and his company, Financial Wellness LLC.
The next question investors may now be asking:




Is Brad Huebner really just an investor in LDHL?
Is he being compensated to tell the LDHL story?

While we can assume Brad's comments insinuate that the answer is yes to the first question, the answer to the second is a resounding yes!


I would love to just quote the whole article but I'm pushing the boundaries of fair use as it is. I would encourage anyone interested in the legal entanglements of one Bradford Huebner to read it (http://seekingalpha.com/article/888961-ld-holdings-draws-more-scrutiny-as-a-company-promoter-gets-indicted-by-grand-jury) for themselves.

Mr. Pigott, there may be another class action suit in this for you.

GlimDropper
10-03-2012, 09:24 PM
A minor and uninformative update from Brad (but his attorney would have no other kind):


Dear BH Group Members,

We are sending this email for those of you that did not see the statement we posted on our website, www.thebhgroup.org (http://www.thebhgroup.org/) or listen to the one posted on our Conference Call line.

Due to pending alleged legal issues, I’ve been asked by the Court to suspend conversations with BH Group Investors including our weekly Conference Call until further notice.

This action has NOTHING to do with the sale or legitimacy of the Dinar and you’ll be informed what appropriate actions to take when the Re-valuation occurs!

I look forward to having a chance to defend myself but until them thank you for your prayers and support.

Brad Huebner, Chairman
The BH Group


And I'm sorry Mr. Huebner, you HAVE legal issues in which you are alleged to have done many things but you are not "alleged" to have legal issues.

I wonder when the court date is, I have some friends in Toledo (OK, "Alleged" friends), maybe I could couch surf.

Gregg
10-04-2012, 09:45 PM
Rudy was due in court yesterday in Toledo, has anyone seen if he actually showed up.

GlimDropper
12-03-2012, 01:33 PM
A small update. Nothing has really happened in the criminal cases against the BH Group et al but it looks like Mr. Pigott's civil case is dead in the water for now. The Lucas County website's docket (http://lcapps.co.lucas.oh.us/onlinedockets/Docket.aspx?STYPE=1&PAR=CI201205462-000&STARTDATE=01/01/1900&ENDDATE=01/01/2100&PARTY=0) for the case lists it as inactive and carries the following notice:




11/29/2012
1
Title : ORD:ORDER




...UPON CONCLUSION OF THE HEARING, THE COURT FOUND




DEFENDANTS' MOTION TO STAY THIS ACTION WELL-TAKEN




AND GRANTED.




THE ENTIRETY OF THIS CASE SHALL BE PLACED UPON THE COURT'S




INACTIVE DOCKET UNTIL SUCH A TIME AS A PARTY TO THIS ACTION




FILES THE APPROPRIATE MOTION TO LIFT STAY.




The defendant's motion to stay was filed on the 4rth of October and can be found on this page (http://lcapps.co.lucas.oh.us/OBPublicAccess/ViewPublicDocuments.aspx?PAQueryID=131&LCKEY=ap8W3SMScmh4cka8FtNLq63XcXj0wz3t6%2f0AwSivie bl1Z2WbxuG8g%3d%3d&OBKey__205_1=G-4801-CI-0201205462-000&tU=COC).

It looks like the civil suit will likely have to wait until the criminal charges are decided.

Andy Clark
02-08-2013, 03:04 AM
Really such things happen in Iraqi dinar trade? You give very good information.

littleroundman
02-08-2013, 03:09 AM
Hiya Andy, and welcome to REALSCAM.com (www.realscam.com)

Could you please alter your signature to remove any reference to a commercial website, thanks.

GlimDropper
04-19-2013, 10:11 AM
Jacksonville man pleads guilty in Ohio to conspiracy in Iraqi dinar case



Posted: April 19, 2013 - 10:38am


By Dana Treen

A Jacksonville man pleaded guilty Thursday in an Ohio federal court to a scheme to defraud investors in the sale of Iraqi dinar currency and two non-existent hedge funds, authorities said.

Rudolph M. Coenen, 47, pleaded to one count of conspiracy to commit wire fraud, one count of wire fraud and five counts of money laundering. His sentencing is scheduled for Aug. 12.

Coenen and three other men promoted Iraqi dinar as having the potential to rocket in value once a reevaluation of the currency took place. They said the investments were protected by the U.S. government.

[Link to the Jacksonville Times Union] (http://jacksonville.com/news/crime/2013-04-19/story/jacksonville-man-pleads-guilty-ohio-conspiracy-iraqi-dinar-case)

The wheels move slowly but they do move. Can Charley and Brad be far behind?


(Good work Gregg)

Gregg
04-19-2013, 11:37 PM
Thank you, and well, it's a start. The thing that bothers me about this case is the way Dinaridgits are saying "this isn't about dinar, it's about the hedge fund scam" and if you read the indictment, that is patently not true. While the non existent hedge fund was a big part of it, the marketing of the dinar as in investment was equally incriminating. Hopefully, since at least some of the other defendants look like they may go to trial, the whole thing will get aired out in court.

GlimDropper
04-20-2013, 12:29 PM
From this morning's Toledo Blade (http://www.toledoblade.com/Courts/2013/04/20/Fla-man-guilty-of-conspiracy-to-defraud-investors.html):


Fla. man guilty of conspiracy to defraud investors

BLADE STAFF



A Florida man who was indicted with three Toledo-area men in a scheme to defraud investors in the sale of Iraqi currency and phony hedge funds pleaded guilty Thursday in U.S. District Court, Toledo.


Rudolph M. Coenen, 47, of Jacksonville pleaded guilty to conspiracy to commit wire fraud, wire fraud, and five counts of money laundering before Judge Jack Zouhary. A sentencing date was not scheduled.


Coenen, owner of Bayshore Capital Investments LLC in Jacksonville, admitted to a conspiracy with Bradford L. Huebner, owner of BH Group, 17 N. St. Clair St., and two BH employees to defraud investors through the sale of Iraqi dinar currency and “placements” in two nonexistent hedge funds.


Prosecutors said about $722,415 was solicited from prospective investors.


Charges are pending in federal court against Mr. Huebner, 65, of Ottawa Hills; Charles N. Emmenecker, 65, of Sylvania, and Michael L. Teadt, 66, of Maumee.

Bolding mine.

Gregg's point is well made, sure the phantom hedge funds are an issue but it's by no means the only one. The Bayshore scam netted better than $720K but I have (unconfirmed) reports that there were more than 2 million in BH Group assets impounded so the hedge funds weren't even the larger portion of the fraud. Brad's trial should prove to be interesting, in more ways than one.

Sam I Am
08-13-2013, 09:38 PM
When is Brad's trial?

Sam I Am
12-03-2013, 07:31 PM
Brad's case dismissed. Prosecutor says they'll indict again.

Iraqi currency case tossed - Toledo Blade (http://www.toledoblade.com/Courts/2013/11/28/Iraqi-currency-case-tossed.html)

littleroundman
12-30-2013, 10:11 AM
3 local men reindicted in fraud scheme

12/20/2013

As federal prosecutors had promised, new indictments were handed up this week against three Toledo businessmen accused in a $23-million fraud scheme.

Bradford L. Huebner, 66, of Ottawa Hills, Charles N. Emmenecker, 66, of Sylvania, and Michael L. Teadt, 67, of Maumee were indicted by a federal grand jury Wednesday in connection with the sale of Iraqi dinar currency and two allegedly nonexistent hedge funds.

All three are charged with conspiracy to commit wire fraud and wire fraud, while Mr. Huebner, owner of BH Group in Toledo, also faces multiple counts of money laundering and structuring financial transactions to evade reporting requirements.

The trio were originally indicted on similar charges in 2012, but on Nov. 27 — just days before their trial in U.S. District Court was to begin — Judge Jack Zouhary “regretfully” dismissed the indictment, citing a technicality raised by defense attorneys.

Steven M. Dettelbach, U.S. Attorney for the Northern District of Ohio, said in a news release that investors lost some $23.8 million from dinar sales and more than $700,000 from the sale of nonexistent hedge fund seats and placements.

Beginning in 2010, the trio allegedly made false statements to investors about the U.S. Treasury Department’s holdings of dinar and involvement in the Iraqi dinar investment market.

“These defendants made false statements time and again to convince people to part with their savings and hard-earned cash,” he said. “The fact that they falsely claimed one member of the conspiracy was wounded while fighting in Iraq is particularly egregious.”

A fourth co-defendant, Rudolph Coenen, 47, of Jacksonville, Fla. pleaded guilty in April to conspiracy to commit wire fraud, wire fraud, and five counts of money laundering, but he has not yet been sentenced. Coenen owned Bayshore Capital Investments LLC in Jacksonville.

Toledo Blade.com (http://www.toledoblade.com/Courts/2013/12/20/3-local-men-reindicted-in-fraud-scheme.html)

MayFlowers
05-22-2014, 04:43 PM
Jury's in: Two convicted in Iraqi currency scheme - Toledo Blade (http://www.toledoblade.com/Courts/2014/05/22/Two-convicted-in-Iraqi-currency-scam-third-acquitted.html)

littleroundman
05-22-2014, 08:48 PM
You can read the full story on The Toledo Blade.com (http://www.toledoblade.com/Courts/2014/05/22/Two-convicted-in-Iraqi-currency-scam-third-acquitted.html)




http://imageshack.com/a/img845/1853/zposs.jpg


The Toledo Blade.com (http://www.toledoblade.com/Courts/2014/05/22/Two-convicted-in-Iraqi-currency-scam-third-acquitted.html)

Whip
05-22-2014, 09:55 PM
So the revaluation can begin right? lmao

shipdit
10-02-2014, 08:45 AM
This Department of Justice docket (http://www.justice.gov/usao/ohn/programs/vw/Huebner/MVCU_Huebner.html) listed the dates for sentencing these dinar/dinar hedge fund hucksters as follows:

9/23/2014
Sentencing Hearing set for Michael Teadt at 10:30 AM

9/24/2014
Sentencing Hearing set for Rudolph M. Coenen at 11:00 AM

9/30/2014
Sentencing Hearing set for Charles Emmenecker at 9:15 AM

9/30/2014
Sentencing Hearing set for Bradford Huebner at 10:30 AM

I can't find any information on resolution or rescheduling, however.

SD

.

EagleOne
10-08-2014, 10:11 PM
This Department of Justice docket (http://www.justice.gov/usao/ohn/programs/vw/Huebner/MVCU_Huebner.html) listed the dates for sentencing these dinar/dinar hedge fund hucksters as follows:

9/23/2014
Sentencing Hearing set for Michael Teadt at 10:30 AM

9/24/2014
Sentencing Hearing set for Rudolph M. Coenen at 11:00 AM

9/30/2014
Sentencing Hearing set for Charles Emmenecker at 9:15 AM

9/30/2014
Sentencing Hearing set for Bradford Huebner at 10:30 AM

I can't find any information on resolution or rescheduling, however.

SD

.

Michael Teadt got 60 months in prison for his conviction. Charles Emmenecker and Bradford Huebner filed for new trials and sentencing has been delayed until the court rules on their request for a new trial.

Now what would be ironic is if they are both granted new trials and Michael Teadt testifies against both of them. While it is possible a new trial could happen, I don't think their request will be approved. Just stalling to stay out of prison a little while longer.

I didn't see a sentencing ruling on Rudolph Coenen, but still looking.

kath
10-14-2014, 10:03 PM
fantastic job on all the research and meticulous follow up you all have done on this topic! thank you

GlimDropper
10-30-2014, 06:50 PM
Sentences Handed Down Today

Except for Rudy.


Toledo-area men sentenced for roles in $24M Iraqi currency scheme (http://www.nbc24.com/news/story.aspx?id=1116530#.VFLFalf56Sw)

by Amulya Raghuveer (http://www.nbc24.com/about/bio.aspx?id=609)

Posted: 2 hrs, 19 mins ago

Nearly two years after being tied to a fraudulent $24 million scheme (http://www.nbc24.com/news/story.aspx?id=803328) involving the sale of Iraqi currency, Toledo-area men have been sentenced for their roles.

<Snip>

Huebner was sentenced Thursday to 87 months in prison. Emmenecker was sentenced to 33 months behind bars. Teadt was sentenced to two years of probation and ordered to pay $5,767 in restitution.



In 2012, the three men were indicted by a federal grand jury on charges that they worked together to scheme $24 million from investors. The grand jury stated that the men knowingly conspired to obtain money and property by means of materially false and fraudulent promises. The scheme involved the sale of the Iraqi dinar currency and two non-existent hedge funds.

<Snip>


"When you knowingly mix deceit and trickery into the financial well-being of individuals, you create a recipe for devastation that could last a lifetime," said IRS Criminal Investigation Special Agent Kathy Enstrom. "Today's verdict reinforces our commitment to every taxpayer that we will identify and prosecute those who promote illegal financial transactions."


I bolded that last quote for truth. The Full article is available at the NBC24 website (http://www.nbc24.com/news/story.aspx?id=1116530#.VFLFalf56Sw).

87 months for Brad, better than 7 years for a 66 year old, that's harsh. And deserved. I always viewed Rudy as the bigger liar but I could never decide which of the two was the better liar. I've corresponded with Mr. Huebner a few times and he never broke character, he was always the simple and sincere sounding man you could have heard on the old BH Group calls.

But there are too many small things, issues I never commented on that didn't really fit his "I'm too honest to have done anything wrong" defense. After the IRS raid someone with the honesty and humility Brad pretended to might have found cause to question the whole "make money by selling dinar dreams and dinar" business model. But after his relationship with Rudy ended Brad was looking for guest gurus for the BH calls. After the BH Group was shut down as a Money Service Business Brad struck affiliate deals with other dinar merchants. The BH Group writ large raked in close to 24 million, got raided, shuttered and all that money impounded and when Brad found himself in that particular hole he tried to use his "I ain't doing anything wrong" shovel to try and dig himself out.

That isn't honesty, or humility. Now Brad has 7+ years to reflect on his mistakes.



And The Blade ways in:


Local men sentenced in dinar case

Iraqi currency scheme turns into lengthy prison terms

BY JENNIFER FEEHAN
BLADE STAFF WRITER


Describing him as “a scammer who got scammed himself,” a federal judge sentenced an Ottawa Hills businessman Thursday to 87 months in prison for defrauding investors who bought Iraqi currency and placements in two nonexistent hedge funds.

<Snip>

Huebner, Emmenecker, and co-defendant Rudolph Coenen, 49, of Jacksonville, also will be ordered to pay a yet-to-be-determined amount of restitution for the fraud scheme that federal prosecutors said involved some $23.8 million in sales of Iraqi dinar and $750,000 from sales of the hedge fund seats. A forfeiture of property also is to be ordered by the court.


Coenen, who pleaded guilty last year and was sentenced Sept. 24 to 63 months in prison, was painted as “the bad guy” by attorneys for Huebner and Emmenecker.

“Rudy Coenen is the guy who told the lies, and he made them up long before he ever heard of Brad Huebner,” Rick Kerger, attorney for Huebner, told the court.

<Snip>


Huebner made a lengthy statement to the court, saying he bought Coenen’s story — as many people did — hook, line, and sinker.
“I will be the first to tell you that I am guilty of trusting people too much — to a fault,” he said.


Huebner apologized to his family and those he harmed and expressed what he called “overwhelming remorse and embarrassment” for the position he was in.
He also reiterated the claims he had made to family, friends, and others who became customers of the BH Group — that one day “in the near future” the Iraqi government would revalue its currency and everyone’s investment would pay off.


Judge Zouhary said it sounded as though Huebner was still in denial.
“You indicated today that you are still excited for all the investors,” the judge said. “Don’t be excited. Be saddened.”







Full Article at the Toledo Blade website (http://www.toledoblade.com/Courts/2014/10/31/Local-men-sentenced-in-dinar-case.html).

I hadn't heard that Rudy was sentenced and for less time than Brad got. That almost doesn't seem fair but I bet Rudy's health issues will probably mean a larger percentage of his remaining productive life will be spent behind bars than Brad will.

EagleOne
10-31-2014, 01:38 AM
Sentences Handed Down Today

Except for Rudy.



I bolded that last quote for truth. The Full article is available at the NBC24 website (http://www.nbc24.com/news/story.aspx?id=1116530#.VFLFalf56Sw).

87 months for Brad, better than 7 years for a 66 year old, that's harsh. And deserved. I always viewed Rudy as the bigger liar but I could never decide which of the two was the better liar. I've corresponded with Mr. Huebner a few times and he never broke character, he was always the simple and sincere sounding man you could have heard on the old BH Group calls.

But there are too many small things, issues I never commented on that didn't really fit his "I'm too honest to have done anything wrong" defense. After the IRS raid someone with the honesty and humility Brad pretended to might have found cause to question the whole "make money by selling dinar dreams and dinar" business model. But after his relationship with Rudy ended Brad was looking for guest gurus for the BH calls. After the BH Group was shut down as a Money Service Business Brad struck affiliate deals with other dinar merchants. The BH Group writ large raked in close to 24 million, got raided, shuttered and all that money impounded and when Brad found himself in that particular hole he tried to use his "I ain't doing anything wrong" shovel to try and dig himself out.

That isn't honesty, or humility. Now Brad has 7+ years to reflect on his mistakes.





Now what is interesting to me is that in the article I found about the Teadt sentencing it said he got 60 months and appeared via satellite from Florida where he is living. Makes me wonder if this wasn't really Coenen who got the 60 months instead of Teadt since this article said Teadt got 2 years of probation and to pay restitution of $5,767.

NikSam
10-31-2014, 01:47 AM
maximum was 7 years for $24m,
I wonder how much they stashed, doing 7 years might be worth it and a piece of cake.

If i had a criminal mind, and scammed public for 8 digits sum, and nobody noticed i stashed couple mills somethere,
doing 7 years (maybe less on parole) with free food/housing/gym/library and humane work hours would beat most of the jobs.

GlimDropper
12-20-2014, 01:11 PM
Published: Saturday, 12/20/2014 - Updated: 1 minute ago


3 ordered to pay over $800,000 restitution

Convicts to also enter prison soon


BY JENNIFER FEEHAN
BLADE STAFF WRITER

Three men convicted in a scheme to sell Iraqi currency and seats in two nonexistent hedge funds must share the burden of paying more than $800,000 in restitution, a federal judge ruled Friday.
Bradford Huebner, 67, of Ottawa Hills, Charles Emmenecker, 67, of Sylvania, and Rudolph Coenen, 49, of Jacksonville were ordered by U.S. District Judge Jack Zouhary to pay $836,124.60 in restitution.

<Snip>

The restitution amount ordered Friday included $732,750 for the losses suffered by investors who paid $750 each for placements in hedge funds that were sold but never created. It also included $103,374.60 for losses caused by the dinar fraud.

<Snip>

Stephen Hartman, who was co-counsel for Huebner, argued the court could not order restitution based on estimates of how much investors paid for dinar and how much they theoretically would lose if they sold it.


“Here we have actual people who paid actual money and, if they don’t have a provable loss, we can’t ask [the defendants] to pay restitution under the Mandatory Victim Restitution Act,” he said.
Judge Zouhary disagreed, writing in his order that “courts routinely value loss by determining the amount investors lost because of a defendant’s fraud.”

<Snip>

Coenen, Huebner, and Emmenecker sought to delay the dates they were ordered to report to prison, but Judge Zouhary denied those motions. Coenen and Huebner cited medical reasons; Emmenecker wanted to spend time going over his case with the attorney handling his appeal.
Judge Zouhary said the prisons where Coenen and Huebner will serve their sentences are equipped to handle their medical needs, and that Emmenecker can meet with his attorney at the facility.
Emmenecker and Huebner are to report Monday, while Coenen is to begin serving his sentence Jan. 2.


Please read the full article on the Toledo Blade website (http://www.toledoblade.com/Courts/2014/12/20/3-ordered-to-pay-over-800-000-restitution.html).

I love it when the system works.

I'd like to hear some feedback on the victim restitution process, how funds are disbursed, anyone affected is invited to comment. Without having seen the court documents and just going by my memory of how things seemed to transpire the restitution amounts look fair. $732,750 for the phantom hedge fund seems pretty spot on, all those $750 "seat allocation" fees Rudy and Brad bilked people out of. Only problem I see is that if they're jointly and severally liable for the amount Brad and Charley will have to pay almost all of it because Rudy needed his share of the take to get his home out of foreclosure and pay living expenses. I seem to recall proceeds of fraud create an exception to Florida's homestead exemption law, Rudy knows where he'll be living for the next 63 months, the same might not be true of his wife and kids. I'm a little less certain about the restitution on the dinar sales, I'd love to know how that number was computed.

I knew Rudy had health issues, I'm sorry to hear Brad does as well. Either way I can't imagine it's going to be a very happy new year for the three of them. And they have it coming.

GlimDropper
05-12-2015, 05:37 PM
I somehow overlooked this:

Fla. man convicted in Iraqi currency scheme dies
(http://www.toledoblade.com/news/2015/04/24/Fla-man-convicted-in-Iraqi-currency-scheme-dies.html#lQ7wUYPdL763sjQK.99)

Rudolph Coenen conspired with 2 Toledo-area businessmen (http://www.toledoblade.com/news/2015/04/24/Fla-man-convicted-in-Iraqi-currency-scheme-dies.html#lQ7wUYPdL763sjQK.99)



Published: Friday, 4/24/2015

AYER, Mass. — A Florida man who conspired with two Toledo-area businessmen to sell Iraqi currency as a sure-thing investment died this week in a federal prison hospital.


Rudolph Coenen, 50, of Jacksonville died Monday at Federal Medical Center, Devens, in Massachusetts where he had been a patient inmate since January, a spokesman for the U.S. Bureau of Prisons said today.


The rest of this short article is available on the Toledo Blade website (http://www.toledoblade.com/news/2015/04/24/Fla-man-convicted-in-Iraqi-currency-scheme-dies.html).

Rudy Coenen was a habitual lair and con artist but my condolences go out to his friends and family.