Rudy Coenen Dies In Prison

Rudy Coenen, who was part of the BH Group, died in prison last month.





Man dies 5 months into prison sentence

BY JENNIFER FEEHAN
BLADE STAFF WRITER





Coenen
 

AYER, Mass. — Less than five months after he began serving a 63-month prison sentence, a Florida man who conspired with two Toledo-area businessmen to sell Iraqi currency as a sure-thing investment has died.

Rudolph Coenen, 50, of Jacksonville died Monday at Federal Medical Center, Devens, in Massachusetts where he had been a patient inmate since reporting there to begin serving his sentence Jan. 2, according to Edmond Ross, a spokesman for the U.S. Bureau of Prisons.
“Inmates that are in the FMC at Devens require a higher level of medical care all the way up to intensive care,” Mr. Ross said.

He could not comment on a cause of death, but it was known that Coenen had undergone a liver transplant and had significant health problems.

In September, Coenen appeared in U.S. District Court in Toledo for sentencing in a motorized scooter. Judge Jack Zouhary said he had taken into consideration Coenen’s health in ordering him to serve 63 months in prison.

Coenen pleaded guilty in 2013 to conspiracy to commit wire fraud, wire fraud, and five counts of money laundering for falsely promoting the sale of Iraqi currency known as dinar as well as placements in two nonexistent hedge funds.

In exchange for his guilty pleas, Coenen testified at the trials last May of co-defendants Bradford Huebner, 67, of Ottawa Hills, Charles Emmenecker, 68, of Sylvania, and Michael Teadt, 67, of Maumee.

Teadt was acquitted in the conspiracy while Huebner and Emmencker currently are serving prison sentences for their roles. Their attorneys largely placed the blame for their clients’ legal troubles on Coenen, who they said told and repeated fraudulent claims about himself and about Iraqi currency investments in promoting the sale of dinar to the public through the Toledo-based BH Group.
“Rudy Coenen is the guy who told the lies, and he made them up long before he ever heard of Brad Huebner,” Huebner’s attorney, Rick Kerger, said at sentencing.

Co-counsel Stephen Hartman on Friday called Coenen a “consummate fraud.”
“I firmly believe if it wasn’t for him, Mr. Huebner would have never been convicted,” Mr. Hartman said.

Among the false claims Coenen made on conference calls to investors was that he was a decorated Marine who served in Iraq and a former vice president at JP Morgan Chase.

As part of their sentences, the three men were ordered to share responsibility for paying $836,124 in restitution. Now that Coenen is deceased, that burden will rest on Huebner and Emmenecker.
On Jan. 16, Judge Zouhary signed a final order of forfeiture, allowing the U.S. government to take possession of all of Coenen’s remaining assets, including money in bank accounts and computer equipment.

“Given Mr. Coenen’s condition, I don’t think he ever would have contributed to the restitution,” Mr. Hartman said. “I think it’s unlikely he ever would have worked again.”
The Devens medical center is about 38 miles northwest of Boston.

Read more at http://www.toledoblade.com/Police-Fire/2015/04/25/Man-dies-5-months-into-prison-sentence.html#h5VCYQPmH1b6EfqQ.99

http://www.toledoblade.com/Police-Fire/2015/04/25/Man-dies-5-months-into-prison-sentence.html

Oh Well!!!!  

The very first time I read what this guy was putting out, I questioned his truthfulness. He couldn't spell and what he was saying just didn't pass the smell test. His response was that he had a secretary that did all of his correspondence and that it wasn't necessary for him to be able to spell and to be able to construct a sentence. He was able, however, to construct one final sentence.

Best news I have heard in a long time!!!!