Another News Video About Sterling

Update from Atlanta area station.




ATLANTA -- The U.S. Attorney's Office for the Northern District of Georgia is going after the assets of Atlanta-based Sterling Currency Group based on allegations the company sold millions of dollars of Iraqi Dinar using on false profit promises.

In a civil judicial forfeiture filing, federal prosecutors connect the company to five properties in Fulton and DeKalb counties, three small planes and three luxury cars.

"Since the 2003 Iraq war, various promoters have claimed that the Iraqi dinar will undergo a 'revaluation' (RV), meaning that dinar holders would make enormous profits," the FBI stated in a release. "Many of these promoters claim to have high-level sources in the government or the financial industry. Several state agencies, major financial institutions, and consumer protection groups have cautioned that this is a scam."

The co-owners of the company, Tyson Rhame, James Shaw and Carol Laurette Shaw, do not face criminal charges at this time, but the federal filing makes it clear they are the focus of a criminal investigation by the FBI and IRS.

The company's Chief Operating Officer, Frank Bell, is also referenced in the filing.

Last week, 11Alive News captured video of FBI agents raiding two properties connected to this case.






11ALIVE

FBI executes pair of search warrants

Federal prosecutors claim Sterling's revenues have been considerable, earning more than $600 million in gross sales or receipts since 2004.

The FBI is actively looking for victims with a special website and tip line: 877-236-8947.

The federal forfeiture filing seeks to recover properties as "proceeds of specified unlawful activities and properties involved in money laundering offenses of Sterling Currency Group, LLC."

SEE THE VIDEOS HERE


http://www.11alive.com/story/money/2015/06/11/sterling-currency-group-iraqi-dinar/71051900/

GREAT VIDEO I TAGGED IT ON TWITTER