Thread: Bayshore Capital Investments and the BH Group

Here's the latest from BH


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
THE NEW YOUTUBE DINAR 101:
Check out the HOME page of our website The BH Group - Dinar Education and Procurement Specialists (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

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. 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 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

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.

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's Tidbits
Important to note that this is third hand evidence, and as such mostly useless.