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BatmaninIraq
02-23-2016, 07:11 PM
Sterling Currency Group execs indicted in $600M Iraqi dinar sale schemeFeb 22, 2016,



Executives and promoters of Atlanta-based Sterling Currency Group LLC (http://www.bizjournals.com/profiles/company/us/ga/atlanta/sterling_currency_group/3381258) 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.
http://media.bizj.us/view/img/2226101/scales-justice*750xx3008-1697-0-0.jpg Enlarge (http://www.bizjournals.com/atlanta/news/2016/02/22/sterling-currency-group-execs-indicted-in-600m.html#i1)

Executives and promoters of Atlanta-based Sterling Currency Group were indicted Monday… more (http://www.bizjournals.com/atlanta/news/2016/02/22/sterling-currency-group-execs-indicted-in-600m.html#i1)
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 (http://www.bizjournals.com/atlanta/search/results?q=Tyson%20Rhame) and James Shaw (http://www.bizjournals.com/atlanta/search/results?q=James%20Shaw) were co-owners of Sterling, which began operations in 2004.
Frank Bell (http://www.bizjournals.com/atlanta/search/results?q=Frank%20Bell) began working for Sterling in 2010 and became Sterling’s chief operating officer in 2011.