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The Sterling/Dinar Banker group as well as Terry K of the GET team were indicted yesterday.

Info can be found on the FBI website.

 

If this has already been posted please remove.

 

Atlanta news outlets reporting this morning.

Atlanta Journal Constitution { ajc.com } as well as others.

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Atlanta news outlets reporting this morning.

Atlanta Journal Constitution { ajc.com } as well as others.

Sterling Currency Group execs indicted in $600M Iraqi dinar sale scheme
Feb 22, 2016, 4:31pm ESTUpdated Feb 23, 2016, 9:48am EST

 

Executives and promoters of Atlanta-based Sterling Currency Group LLC were indicted Monday for their roles in an alleged $600 million scheme to fraudulently induce investors into buying the Iraqi dinar.

According to U.S. Attorney Horn, the indictment, and other information presented in court: During the scope of the conspiracy, the Iraqi dinar was touted by some as a potential investment opportunity. Information publicly available on certain internet websites, blogs, chat rooms, and conference calls fueled this speculation by predicting that a “revaluation” of the Iraqi dinar would occur imminently. A “revaluation” or “RV,” in this context, meant a sudden, exponential rise in the value of the Iraqi dinar as compared to the U.S. dollar and other relatively stable global currencies. Individuals who owned Iraqi dinar would realize potentially enormous gains if an “RV” ever occurred in this manner.

Executives and promoters of Atlanta-based Sterling Currency Group were indicted Monday… more

Vladimir Cetinski

Sterling Currency Group, which also did business as Sterling Online Processing Services LLC and Dinar Banker, was a Georgia corporation with its principal place of business in Atlanta. Sterling sold and exchanged so-called “exotic currencies,” including most predominantly the Iraqi dinar.

Tyson Rhame and James Shaw were co-owners of Sterling, which began operations in 2004.

Frank Bell began working for Sterling in 2010 and became Sterling’s chief operating officer in 2011.

According to the indictment, Terrence Keller, who was also known as “TerryK,” led an Internet-based group known as “The GET Team,” which consisted of a website, an internet chat forum and weekly conference calls in which, among other things, information was disseminated to participants concerning the potential investment value of the Iraqi dinar.

Keller, through The GET Team, was one of the leading internet-based proponents of the “RV” theory. On The GET Team’s website, internet chat forum, and on weekly conference calls, Keller is alleged to have falsely claimed to have information from, and verified by, high-level confidential sources in the U.S. government, the Iraqi government, international organizations, and major financial institutions, regarding an imminent “RV.”

However, Keller did not have information from, or contact with, these supposed high-level confidential sources. The indictment alleges Keller, Rhame, Shaw, and Bell knew and believed that representations concerning an imminent “RV” of the Iraqi dinar, particularly claims that the information came from one or more supposed high-level confidential sources, would boost sales for Sterling.

Keller allegedly claimed, directly and indirectly, to The GET Team followers he had no financial or other ulterior motive to promote the Iraqi dinar as an investment, but he was simply disseminating his knowledge and information so that others could benefit from it as well. To that end, Keller told his followers he did not make substantial profits from his dealings with Sterling and other dinar dealers that advertised with the GET Team.

Keller allegedly had a secret arrangement with Rhame, Shaw and Bell to promote and “pump” the Iraqi dinar in exchange for payments made by Sterling to benefit Keller. Since at least as early as August 2011, Sterling paid Keller more than $160,000. Keller consistently downplayed these financial benefits to his followers and listeners.

The correlation between Sterling’s increased sales and Keller’s promotion of the Iraqi dinar was allegedly further cemented by the presence of a Sterling representative, including at times Rhame and Bell, on The GET Team’s conference calls and internet forums. At various times, Rhame, Bell and other Sterling representatives participated in conference calls and internet forums in which Keller made representations to followers concerning the imminent Iraqi dinar “RV,” his access to high-level confidential sources, and claims that he was just trying to be helpful and received no financial benefit for providing this information to others. The presence and participation of Rhame, Bell, and other Sterling representatives on The GET Team’s conference calls and internet forums provided further validation to followers that Keller’s claims about an imminent “RV” of the Iraqi dinar should be believed.

 

The indictment alleges the promotional activities of Keller and other dinar promoters were essential to Sterling’s financial success and generated Sterling millions of dollars in dinar and other currency sales.

In December 2010, Rhame is alleged to have told colleagues that Keller and the GET Team pushed 80 percent of Sterling’s business. In December 2011, Bell is alleged to have referred to the GET Team as Sterling’s “largest referrer.”

Between 2010 and June 2015, Sterling grossed more than $600 million in revenue from the sale of the Iraqi dinar and other currencies. During this same time period, Rhame and Shaw received more than $180 million in distributions from Sterling.

Tyson Rhame, 51, and James Shaw, 53, both of Atlanta, Frank Bell, 54, of Decatur, Ga., and Terrence Keller, 55, of Grayson, Ky., are each charged with conspiracy to commit mail and wire fraud as well as several counts of mail fraud and wire fraud.

Rhame and Shaw are also charged with conspiracy to commit money laundering and 12 counts of money laundering.

The indictment also includes criminal forfeiture listing numerous assets to which the defendants may have an interest. Specifically, the government is seeking the forfeiture of millions of dollars held in financial accounts, foreign currencies, three private airplanes, three automobiles, numerous corporate and trust entities, as well as real property in Georgia, Florida, North Carolina, and Iowa.

The company said the federal government’s allegations are “inaccurate, and in some instances flatly false.”

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So when is the next GET team call?

***///

 

Waitin' on that 1-800 Team Call there, SNOWcat...?   :lol:

 

If'n ya git a call from TERRYK's lawyer tellin' ya he needs to take yer Deenar to

a Group Exchange Party... tell him to go pound sand !  :P

 

And do NOT board a charter bus fer Vegas with yer Deenar, either... :shrug: 

... even if they offer to pay fer yer hotel room ,

and give ya 100 bucks in chips ! 

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***///

 

Sure.  Currency is currency.  As long as you're not holding counterfeit bills, you're good.

All that talk about needing certificates and all that jazz is so much bunk.

 

If you go to an International Currency Exchange window at the airport and want to exchange 

some Benjamin's for Euros, do they demand to see some document for yer Benjis --  ?... no.  :shakehead:

 

Iraqi Dinar, or any other foreign currency can be obtained in any number of ways... it's all money.

 

If you find a Dollar on the sidewalk in Sheboygan and then want to trade it for some Canadian money in Toronto,

are ya gonna git hauled off to the hoosegow 'cause ya can't prove you got it from a legitimate source...?  :confused2:

 

If ya bought it from some guys dealing in counterfeit money, or obtained it through illegal means, well, that's

another thing, but if you bought it from a legit currency broker, okay.

 

These evil cats are facing the FED because of what they said about that legal tender...

that it would increase exponentially & outrageously in record time... and that was their lie.  

 

And PAID SOMEONE (terryk) to perpetuate that lie.

 

Their company is not allowed to make such claims and

still remain in bidniz according to their agreement with the FED.

 

You simply exchanged legit money (USD) for legit money (IQD).  You should be fine.  ;)

 

 

 

.

Edited by SgtFuryUSCZ
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***///

 

Sure.  Currency is currency.  As long as you're not holding counterfeit bills, you're good.

All that talk about needing certificates and all that jazz is so much bunk.

 

If you go to an International Currency Exchange window at the airport and want to exchange 

some Benjamin's for Euros, do they demand to see some document for yer Benjis --  ?... no.  :shakehead:

 

Iraqi Dinar, or any other foreign currency can be obtained in any number of ways... it's all money.

 

If you find a Dollar on the sidewalk in Sheboygan and then want to trade it for some Canadian money in Toronto,

are ya gonna git hauled off to the hoosegow 'cause ya can't prove you got it from a legitimate source...?  :confused2:

 

If ya bought it from some guys dealing in counterfeit money, or obtained it through illegal means, well, that's

another thing, but if you bought it from a legit currency broker, okay.

 

These evil cats are facing the FED because of what they said about that legal tender...

that it would increase exponentially & outrageously in record time... and that was their lie.  

 

And PAID SOMEONE (terryk) to perpetuate that lie.

 

Their company is not allowed to make such claims and

still remain in bidniz according to their agreement with the FED.

 

You simply exchanged legit money (USD) for legit money (IQD).  You should be fine.  ;)

 

 

 

.

 

Ladies this should be pinned.....this is a PURRRRRRECT explaination

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***///

 

Sure.  Currency is currency.  As long as you're not holding counterfeit bills, you're good.

All that talk about needing certificates and all that jazz is so much bunk.

 

If you go to an International Currency Exchange window at the airport and want to exchange 

some Benjamin's for Euros, do they demand to see some document for yer Benjis --  ?... no.  :shakehead:

 

Iraqi Dinar, or any other foreign currency can be obtained in any number of ways... it's all money.

 

If you find a Dollar on the sidewalk in Sheboygan and then want to trade it for some Canadian money in Toronto,

are ya gonna git hauled off to the hoosegow 'cause ya can't prove you got it from a legitimate source...?  :confused2:

 

If ya bought it from some guys dealing in counterfeit money, or obtained it through illegal means, well, that's

another thing, but if you bought it from a legit currency broker, okay.

 

These evil cats are facing the FED because of what they said about that legal tender...

that it would increase exponentially & outrageously in record time... and that was their lie.  

 

And PAID SOMEONE (terryk) to perpetuate that lie.

 

Their company is not allowed to make such claims and

still remain in bidniz according to their agreement with the FED.

 

You simply exchanged legit money (USD) for legit money (IQD).  You should be fine.  ;)

 

 

 

.

Thank you for GREAT explaination!!!!!

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***///

 

It's a watered-down most simplistic one, we're afraid -- without getting all wrapped up in the legal-eze of it.

Hope it's set yer mind at ease !  ;)

 

And credit goes to all our fellow DVers here who, throughout the years, have shared as much with us so

we wouldn't freak out, too, over all the guru rumour-mill junk !  

 

 Pat yerselves on the back, incredibly well-informed DVers of THE best Dinar site in the universe !  :tiphat:

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Saw this coming some time ago.  TK and his ilk had a good friend of mine so brainwashed as to his "Christian" values that it caused a rift between us until the day she passed.  Very sad.

 

But, there's yet another angle:  How much of the $600 MILLION of our dollars went directly to the Bank of Iraq?  Half?  Two-thirds maybe?  And that's just from Sterling alone.  When you start to wrap your head around this and start including all the other dinar dealers it's looking like we've been pretty much very, very helpful in propping up the country of Iraq.  One would hope they'd be kissing the ground we walk on and working diligently towards making things right for us kind folks who bailed them out in a dire time of need.  Right? Dream on folks. 

 

Makes one wonder if perchance the BOI may have had a bit of a hand in promoting these jerks.  A little misdirected "insider" information here and a little there.....way too easy.

 

I'm soooooo glad to have found this site.  The "GET team"  had me so stressed with all their BS.  Keep up the great work Adam!

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So THE BIG QUESTION: Iis there going to be an RV?  Those at Sterling, according to FBI complaint, told Sterling staff that there would never be an RV and how stupid Dinar investor's were to believe there would be one. Also, what about all these other GURU's that are still touting inside high-level sources of an imminent RV?

 

The FBI complaint raises more questions than it does provide answers unless you believe everything in the complaint. Just seems a little hard to swallow that so many people with proclaimed high-level sources pretty much saying the same things could either be wrong or are part of one huge conspiracy.   

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Not sure I'd call it a conspiracy - seems most of these gurus with their team calls and inside sources were only milking the religion angle to keep the flock in line and buying more reserves. The top-secret info they share that they can't reveal their source is because there is no source - it's all made-up lies!!! That's why they've never hit their guaranteed RV - nothing to base their wild guesses on but conjecture, lies and hocus pocus!!

That's what sets this site apart - no pumping dinar sales (except for the regurgitated crap that our Nintendo friend uses to fertilise his garden of rubies). And a well-informed user base of clear-headed, sound-thinking individuals and a few class clowns (you know who you are)!!!

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