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Atlanta News Article Wed p.m. June 10


docneedles
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By Steve Gehlbach

ATLANTA — A federal civil lawsuit to take assets from an Atlanta-based business alleges the co-founders and executives knew they were running an illegal investment scheme.

The FBI raided the offices of the Sterling Currency Group on Buford Highway last week. The company, also known as the Dinar Banker, sold investors nearly worthless Iraqi money, in the hope that the currency would eventually jump in value.
The complaint of forfeiture filed in U.S. District Court Tuesday alleges Sterling’s co-founders, Ty Rhame and Jim and Laurette Shaw, and Chief Operating Officer Frank Bell collected more than $600 million in investments since 2004, then used the money to fund extravagant lifestyles.

The government lists a $6 million Buckhead estate at the corner of Valley and Tuxedo roads as part of the scheme. Property records show it is owned by the Shaws. The feds also want to seize a Brookhaven mansion valued at about $1.5 million, other local properties, two beach houses in Panama City, Florida, three airplanes and three luxury automobiles.

The court documents detail emails between the co-founders that make it appear they were well aware they were making millions on false promises and profiting from people’s false hopes. One from Jim Shaw to Rhame about his wife reads, “She has lately been very nervous and was crying last night because she knows we are running an illegal operation.”

Atlanta defense attorney Bob Brennan, a former federal prosecutor working financial fraud cases, says lawsuits to take assets often come before an indictment and criminal charges. “There’s an active criminal investigation, but no one’s been charged with a crime yet,” said Brennan.

The FBI wants to hear from investors in Sterling Currency Group. They’ve set up a tip line for potential victims at 877-236-8947 and a website here.

 

http://www.wsbtv.com/news/news/local/feds-move-seize-mansions-planes-company-selling-ir/nmZy5/

 
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I simply don't believe what this article states.if you go by what it says every dinar dealer in the country would have been raded the same day.there is much more to this than we're being told. Somehow, I think the government wanted there dinar more than anything.

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I simply don't believe what this article states.if you go by what it says every dinar dealer in the country would have been raded the same day.there is much more to this than we're being told. Somehow, I think the government wanted there dinar more than anything.

Your comments don't make sense to me. Dinar dealers are not connected like a mafia. One dinar dealer (Sterling)  is charged with a civil offense of  money laundering. Criminal charges have not been filed yet. If you watch the video the former prosecutor says this is standard procedure to first confiscate the properties, then gather the info and charge the criminal charges. 

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Your comments don't make sense to me. Dinar dealers are not connected like a mafia. One dinar dealer (Sterling)  is charged with a civil offense of  money laundering. Criminal charges have not been filed yet. If you watch the video the former prosecutor says this is standard procedure to first confiscate the properties, then gather the info and charge the criminal charges.

The article here is attempting to lead the reader that dinar

is the scam. If that were the case then all dealers would

have been shut down. Clearly someone's agenda is at

play here. Is there anything Machiavellian about it, who knows.

I was just attempting to say it doesn't smell right.

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The article here is attempting to lead the reader that dinar

is the scam. If that were the case then all dealers would

have been shut down. Clearly someone's agenda is at

play here. Is there anything Machiavellian about it, who knows.

I was just attempting to say it doesn't smell right.

 

I agree with you LGD...

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Something more to this story. Selling currency if your licensed is not illegal as far as I know.

And if we indicted everyone who made false promises we'd have more people in jail than on the streets.

Edited by caz1104
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***///

 

Where's the IRS's over-reaching thieving hand in all this... ?  That's what we're waitin' to see... <_<

 

IQD is legit dough. So some believe it's under-valued and could increase in value - big deal. :confused2:

 

Are they po'd because some cats are makin' a buck off it's face value...? :confused2:

What're they chargin' 'em with, some obscure law about scalpin' tickets...?

 

 

If duh gubment can prove it never will increase in value,

we sure would like to know what THEY know and aren't tellin' the rest of the world.... <_<

 

Hey, PTB / Illuminati... what're ya'll up to here...? <_< 

 

 

Could just be hobummer sending out his goons to confiscate for for his "wealth re-distribution" plan.... <_< 

Gotta lock in that "legacy" of keeping his promise to his ignorant butt-kissers.... 

By doin' this, he can say he at least tried...  like hobummer-lack-o-care. Another epic fail that he claims as a victory.

 

Sure would love to see where exactly all that confiscated stuff ends up.... follow the money, follow the money, follow the money.....

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"Atlanta defense attorney Bob Brennan, a former federal prosecutor working financial fraud cases, says lawsuits to take assets often come before an indictment and criminal charges. “There’s an active criminal investigation, but no one’s been charged with a crime yet,” said Brennan."
 

 

 

This is why you want to have an IBC with an offshore bank account.  Otherwise you won't have any money to pay your attorney to get your stuff back.

 

.

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GID and Sterling are affiliated thats why they were shut down this has nothing to do with the actual currency being a scam.  If this was the case all the other dealers would have been shut down as well and told not to sell dong, dinar etc. which as far as i can see isnt the case.

Edited by easyrider
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They sold (DINAR) currency .... and even if they DID promise or say that the value will go up......no one had a gun to these investors heads saying they HAVE to purchase DINAR.... they (those investors), and WE all bought DINAR at our own discretion and know that in ANY investment you risk GAIN and also risk LOSS..... :twocents:

I have been in this for 10 years...granted I didnt bet the ranch on this investment and was doubtful in the beginning and still to this day....BUT wanted to be in it just in case...so I will be ready win or lose......  :twocents:

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"Atlanta defense attorney Bob Brennan, a former federal prosecutor working financial fraud cases, says lawsuits to take assets often come before an indictment and criminal charges. “There’s an active criminal investigation, but no one’s been charged with a crime yet,” said Brennan."

 

 

 

This is why you want to have an IBC with an offshore bank account.  Otherwise you won't have any money to pay your attorney to get your stuff back.

 

.

That ain't no lie. I can't tell you how many nightmare stories

like that I've read over the yes.

If you're fortunate enough to have a few hundred thousand dollars you definitely want it offshore.

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GID and Sterling are affiliated thats why they were shut down this has nothing to do with the actual currency being a scam.  If this was the case all the other dealers would have been shut down as well and told not to sell dong, dinar etc. which as far as i can see isnt the case.

Good to see you posting
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It is plain and simple clearcut money laundering. They probably forgot to pay their taxes flying around in their jet and 2 airplanes. 

I am guessing some employee had a melt down, maybe got fired and went to the police. (item #42 on page 28; item # 16 on page 16)

 
Despite these representations, a former
Sterling employee has confirmed that
Sterling never had any arrangements with
airports to operate remote satellite

 

There have certainly been  tv investigative reporting about the dinar. (alabama or arkansas last year was a good one)

 

Bottom line is they cooked themselves with their own emails. What i can't figure out is they had sales over 92 million dollars from feb 1 to november 18 2011; 1 year after the email when Shaw called it a ponzi scheme. After his wife cried and said they were running an illegal operation (nov 2010 page 17)

So with 92 million in sales from feb to the middle of november why did they have to hire TerryK (item # 32  page 22 dated nov 7 2011)

 

looks like the feds are trying to cut off their money supply. Wonder what is in Zurich that Shaw wrote about (page 18)

 

i would love to see everything the feds confiscate and be at the auction

Edited by docneedles
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It does give me an itch, but I won't scratch it....FED's set up a hotline for those who considered themselves "victims" that getting into this investment is a scam?  Yet if one does decide to call, you may have to reveal most if not all of your "personal information" and how they'll "assist" in tracking down your "transaction history" you've had with Sterling?  

 

Doesn't this sounds like a possible set up, or is it me? :huh:

 

I won't take the risk of having this wacked out government knowing what I have and/or have me on radar.  Nope, nope, nope!  Either this Dinar does RV, or let it just become a bust.  I'd rather for the latter and lose everything than letting this greedy government taking over or probably taking all I worked so hard for. 

 

VIP/OSI has been probably the best thing that ever I done........especially right after my divorce. Yep!  :bravo:  :twothumbs:

 

Cheers!  :cheesehead:

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Your comments don't make sense to me. Dinar dealers are not connected like a mafia. One dinar dealer (Sterling)  is charged with a civil offense of  money laundering. Criminal charges have not been filed yet. If you watch the video the former prosecutor says this is standard procedure to first confiscate the properties, then gather the info and charge the criminal charges.

There is one huge glaring point of procedure going on here that everyone should recognize. Why is it S.O.P. for Federal Prosecuters working fraud cases to file CIVIL LAW SUITS to seize assets of alledged criminals BEFORE criminal charges are filed? Huh? Our constitution use to guarantee that we who are charged with a crime are innocent until PROVEN GUILTY IN AmCOURT OF LAW ! For instance you cannot sue in civil court until you have suffered a loss. You cannot sue in civil court in anticipation of suffering a loss or in anticipation of the accused being convicted. What if they are judged innocent? Huh? We have the right to defend ourselves,to the full extent of the law, how can we do that if the Feds seize our money before we are charged? When you actually charge people with a crime, get an injunction that essentially freezes their assets until after the judgment comes in. Allowing their Attorneys access to funds for the accused defense.

Now insert all the facts that this Socialistic President and his administration, which include the Feds, are demonizing all who make a profit, huge or otherwise, in this country. Wonder why US corporations keep foreign profits out of the jurisdiction of then"Feds"? Ever wonder where Obama keeps his millions?

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The FBI raided the offices of the Sterling Currency Group on Buford Highway last week. The company, also known as the Dinar Banker, sold investors nearly worthless Iraqi money, in the hope that the currency would eventually jump in value.

 

But the FED's didn't say this Iraqi money was "counterfeit or fake".  :shrug: 

 

The complaint of forfeiture filed in U.S. District Court Tuesday alleges Sterling’s co-founders, Ty Rhame and Jim and Laurette Shaw, and Chief Operating Officer Frank Bell collected more than $600 million in investments since 2004, then used the money to fund extravagant lifestyles.

 

The government lists a $6 million Buckhead estate at the corner of Valley and Tuxedo roads as part of the scheme. Property records show it is owned by the Shaws. The feds also want to seize a Brookhaven mansion valued at about $1.5 million, other local properties, two beach houses in Panama City, Florida, three airplanes and three luxury automobiles.

 

This suggests to me, ties in definitely along the lines of failing to pay taxes due, tax evasion or money laundering.  People get ahead of themselves and not following careful steps or procedures necessary, then Boom!  They get all caught up in the mess... :facepalm2: 

 

The court documents detail emails between the co-founders that make it appear they were well aware they were making millions on false promises and profiting from people’s false hopes.  One from Jim Shaw to Rhame about his wife reads, “She has lately been very nervous and was crying last night because she knows we are running an illegal operation.”

 

I can't recall Sterling nor GID Associates ever went all out to sell high dreams and hopes.  They were simply in business - supply and demand.  My experiences with them had always been very professional, no problems at all.  The choice would be up to the individual to be well informed of the risks involved and make an educated decision.

Atlanta defense attorney Bob Brennan, a former federal prosecutor working financial fraud cases, says lawsuits to take assets often come before an indictment and criminal charges. “There’s an active criminal investigation, but no one’s been charged with a crime yet,” said Brennan.

 

"Working Financial Fraud Cases" - Bam! Another hint dropped right there...

 

The FBI wants to hear from investors in Sterling Currency Group. They’ve set up a tip line for "potential victims" at 877-236-8947 and a website here.

 

Noooooo waaaaaay :shakehead: ......I'm just saying, too much indicating to me how to be put on the government's radar should or if this RV hits.....again, just saying....

 

The red and blue highlighted notes are just simply my thoughts/opinions after re-reading and trying to see in between the lines here.  Other online dealers, certain banks, etc., has not been slapped by the FED's regarding the Dinar.  

 

Does anyone see what I'm trying to get at here? Am I expressing too much for naught?

 

Just saying..... :cheesehead:

Edited by Freedomwish
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