Investment Scam: North Idaho man sentenced for Ponzi scheme with Iraqi money

[jenisamom]

http://www.krem.com/video/featured-videos/North-Idaho-man-sentenced-for-Ponzi-scheme-with-Iraqi-money-89157857.html

or

http://http://www.krem.com/video/featured-videos/North-Idaho-man-sentenced-for-Ponzi-scheme-with-Iraqi-money-89157857.html

I hope its ok to post this.

I live near this and saw it on my local news last night...

What's your thoughts?

Jenisamom

[gozilla]

Looks like he was put in jail for -

1. not having a valid license

2. refusing to return the money when the investors asked for it back (this seems different than buying Dinar from a Dealer, in which you actually get the Dinar, and not just a promise of a return on the investment)

This does not seem to have any bearing on the investment that we have made in which we all physically have Dinar that we will take to a bank and exchange the currency after the RV. --which will be soon I hope!

[Doc31]

When I saw this I thought I remembered it happening months ago ... I googled Jack Smiley and Idaho and got what you see below.

What you posted was the final disposition by the court ... 3 years probation and $1000 fine because he didn't have a license. Everyone got their money back.

It was actually reported almost a year ago http://statevssmiley.blogspot.com/ as the recovery of the dinar which he would not disclose took place June 2009

Thursday, September 10, 2009

Smiley arrested, again

Jack Smiley has been arrested and is currently in the Kootenai County Jail with a $100,000 bond. He has been charged with Grand Theft, General Fraud, Commodity Fraud, and 2 counts of Forgery.

These criminal charges have been brought by the Kootenai County prosecutor.

Posted by Alan Conilogue at 10:03 AM 3 comments

[truckerron49]

I am not sure why this is in the news again. But this is a very old story of this person.. I saw it the first time last fall.. Maybe he was finally being sentenced or something..

[jenisamom]

nunthe less its Dinar info and I was not involved in 09, so this is information to keep in your pocket.