Investment fraud ~ Iraqi Dinar ~ Colo. Tells Firm To Stop Promoting Investments In Iraqi Dinar
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Investment fraud ~ Iraqi Dinar ~ Colo. Tells Firm To Stop Promoting Investments In Iraqi Dinar
Investment fraud ~ Iraqi Dinar ~ Colo. Tells Firm To Stop Promoting Investments In Iraqi Dinar ...

Is investing in the Iraqi Dinar a good idea?
Yes and No. Yes, investing in the physical currency is good .. And No, the investments that are pushed "along with" the physical currency which are tax shelters and scams where individuals will "hold or invest" your money for you. Remember un-licensed individuals have one thing on their mind and that is getting you to give them your money. Everyone must realize due diligence is required by you the investor. It's better to be safe than sorry ...
Low Hanging fruit ... confiscating .. and finding additional funding for the new infrastructure bank ...
1. the fruit that grows low on a tree and is therefore easy to reach
2. a course of action that can be undertaken quickly and easily as part of a wider range of changes or solutions to a problem: first pick the low-hanging fruit
3. a suitable company to buy (target) as a straightforward investment opportunity

October 6, 2011
Colo. Tells Firm To Stop Promoting Investments In Iraqi Dinar
DENVER -- A company selling investments in Iraqi money has been ordered to stop by the state of Colorado.
The cease and desist order is for AmIraq Fund, LP, its general partner, BB&M International Corporation, and the managing director and CEO of both, William Burbank, all of Coronado, Calif.
The AmIraq Fund sold investors on buying Iraqi dinar by saying the dinar is currently undervalued, Iraq has great long-term potential and that the dinar will recover post-war, officials said.
Colorado investors were offering one million dinar for $975, securities officials said. The funds were to be held in an Iraqi bank.
"Promoters often offer investors an opportunity to get in on the ‘ground floor’ of a new idea or concept and make a great economic return,"
Securities Commissioner Fred Joseph said. "Unsuspecting investors can be lured into these schemes, especially if the returns sound good. These offerings require careful research and a strong reminder that if it sounds too good to be true, it probably is not true, nor will it be profitable to anyone but the promoter."
Colorado officials alleged that Burbank was offering securities and that he failed to register its security offering.
Burbank agreed to obey the cease and desist order, but neither admitted to nor denied the allegations, state officials said.
link
and ..another source .. scams .. link
Colorado tells firm to stop Iraq speculation
Thursday, Oct. 06, 2011
DENVER -- The Colorado Securities Commission has ordered a California company to stop promising high returns by speculating on the value of Iraqi currency.
The commission named AmIraq Fund, general partner BB&M International Corp., and CEO William Burbank of Coronado, California.
The commissioner says the interests offered by Burbank are securities and that he failed to register as a security offering.
Burbank did not return a phone message seeking comment.
link
older articles link
http://articlesofinterest-kelley.blogspot.com/2011/10/investment-fraud-colo-tells-firm-to.html
RamblerNash- GURU HUNTER
- Posts : 24230
Join date : 2015-02-19
Re: Investment fraud ~ Iraqi Dinar ~ Colo. Tells Firm To Stop Promoting Investments In Iraqi Dinar
That's a very old article but one that's important to look at now!
That was back in the days before the "RV" when the Dinar was being touted as a good investment because it was "sure to rise in value" which indeed at the time it was, hardly at a rate fast enough to make people rich however. Still it was plausible even if highly risky and the spreads all but guaranteed the investor would do little more than break even on the initial layout even if they managed that! At that time the Dinar was rising as the U.S. backed economy settled down and Iraq's future did indeed look bright leading to the rumors that their currency would soon soar in value as they became a very prosperous country. Of course becoming prosperous does not mean the currency will "soar" in value although it would likely increase at a moderate rate over time, still the rumor spread and gold rush fever set in! Just as in the days of the 49'ers the thieves, crooks and scammers jumped in an ran with it and the great "RV" scam was born!
I still fail to understand people who still deny the scam but ridicule the gurus and their lies while still believing in the very scam that the gurus and shysters invented in the first place!
That was back in the days before the "RV" when the Dinar was being touted as a good investment because it was "sure to rise in value" which indeed at the time it was, hardly at a rate fast enough to make people rich however. Still it was plausible even if highly risky and the spreads all but guaranteed the investor would do little more than break even on the initial layout even if they managed that! At that time the Dinar was rising as the U.S. backed economy settled down and Iraq's future did indeed look bright leading to the rumors that their currency would soon soar in value as they became a very prosperous country. Of course becoming prosperous does not mean the currency will "soar" in value although it would likely increase at a moderate rate over time, still the rumor spread and gold rush fever set in! Just as in the days of the 49'ers the thieves, crooks and scammers jumped in an ran with it and the great "RV" scam was born!
I still fail to understand people who still deny the scam but ridicule the gurus and their lies while still believing in the very scam that the gurus and shysters invented in the first place!
dwm007- VIP Member
- Posts : 828
Join date : 2015-08-05

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