Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» I am too pretty for math, but....
ATTORNEY GENERAL MADIGAN FILES LAWSUIT AGAINST UNREGISTERED FOREIGN CURRENCY TRADERS I_icon_minitimeYesterday at 6:56 pm by Mission1st

» Interesting article
ATTORNEY GENERAL MADIGAN FILES LAWSUIT AGAINST UNREGISTERED FOREIGN CURRENCY TRADERS I_icon_minitimeYesterday at 6:34 pm by Mission1st

» Phony Tony: New Platform, same old song and dance
ATTORNEY GENERAL MADIGAN FILES LAWSUIT AGAINST UNREGISTERED FOREIGN CURRENCY TRADERS I_icon_minitimeYesterday at 6:32 pm by Mission1st

» The Craziness of Scam by "Tony TNT Renfrow" and the Iraqi Dinar Currency Scam
ATTORNEY GENERAL MADIGAN FILES LAWSUIT AGAINST UNREGISTERED FOREIGN CURRENCY TRADERS I_icon_minitimeTue Jun 11, 2024 12:26 pm by Mission1st

» Even conspiratorial currency speculators aren’t buying a Russian ruble revalue - It’s not the next the Iraqi dinar
ATTORNEY GENERAL MADIGAN FILES LAWSUIT AGAINST UNREGISTERED FOREIGN CURRENCY TRADERS I_icon_minitimeMon Jun 10, 2024 1:04 pm by RamblerNash

» Go Russia
ATTORNEY GENERAL MADIGAN FILES LAWSUIT AGAINST UNREGISTERED FOREIGN CURRENCY TRADERS I_icon_minitimeSat Jun 08, 2024 5:20 am by Dorotnas

» The Fundamentals of Finance and Pimpy Live
ATTORNEY GENERAL MADIGAN FILES LAWSUIT AGAINST UNREGISTERED FOREIGN CURRENCY TRADERS I_icon_minitimeFri Jun 07, 2024 5:02 pm by Dorotnas

» Carnival Rides
ATTORNEY GENERAL MADIGAN FILES LAWSUIT AGAINST UNREGISTERED FOREIGN CURRENCY TRADERS I_icon_minitimeFri May 10, 2024 5:03 pm by kenlej

» Go Russia
ATTORNEY GENERAL MADIGAN FILES LAWSUIT AGAINST UNREGISTERED FOREIGN CURRENCY TRADERS I_icon_minitimeSun May 05, 2024 10:51 am by kenlej

» Textbook Tony
ATTORNEY GENERAL MADIGAN FILES LAWSUIT AGAINST UNREGISTERED FOREIGN CURRENCY TRADERS I_icon_minitimeMon Apr 29, 2024 4:13 pm by Mission1st

» The Rockefellers and the controllers are freaking out right about now
ATTORNEY GENERAL MADIGAN FILES LAWSUIT AGAINST UNREGISTERED FOREIGN CURRENCY TRADERS I_icon_minitimeFri Apr 26, 2024 11:16 am by kenlej

» Phony Tony sez: Full Steam Ahead!
ATTORNEY GENERAL MADIGAN FILES LAWSUIT AGAINST UNREGISTERED FOREIGN CURRENCY TRADERS I_icon_minitimeSat Apr 13, 2024 11:51 am by Mission1st

» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
ATTORNEY GENERAL MADIGAN FILES LAWSUIT AGAINST UNREGISTERED FOREIGN CURRENCY TRADERS I_icon_minitimeSat Apr 13, 2024 11:45 am by Mission1st

» Russia aren't taking any prisoners
ATTORNEY GENERAL MADIGAN FILES LAWSUIT AGAINST UNREGISTERED FOREIGN CURRENCY TRADERS I_icon_minitimeFri Apr 05, 2024 6:48 pm by kenlej

» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
ATTORNEY GENERAL MADIGAN FILES LAWSUIT AGAINST UNREGISTERED FOREIGN CURRENCY TRADERS I_icon_minitimeWed Mar 27, 2024 6:02 am by Ditartyn

» ZIGPLACE
ATTORNEY GENERAL MADIGAN FILES LAWSUIT AGAINST UNREGISTERED FOREIGN CURRENCY TRADERS I_icon_minitimeWed Mar 20, 2024 6:29 am by Zig

» CBD Vape Cartridges
ATTORNEY GENERAL MADIGAN FILES LAWSUIT AGAINST UNREGISTERED FOREIGN CURRENCY TRADERS I_icon_minitimeThu Mar 07, 2024 2:10 pm by Arendac

» Classic Tony is back
ATTORNEY GENERAL MADIGAN FILES LAWSUIT AGAINST UNREGISTERED FOREIGN CURRENCY TRADERS I_icon_minitimeTue Mar 05, 2024 2:53 pm by Mission1st

» THE MUSINGS OF A MADMAN
ATTORNEY GENERAL MADIGAN FILES LAWSUIT AGAINST UNREGISTERED FOREIGN CURRENCY TRADERS I_icon_minitimeMon Mar 04, 2024 11:40 am by Arendac

»  Minister of Transport: We do not have authority over any airport in Iraq
ATTORNEY GENERAL MADIGAN FILES LAWSUIT AGAINST UNREGISTERED FOREIGN CURRENCY TRADERS I_icon_minitimeMon Mar 04, 2024 11:40 am by Verina

ATTORNEY GENERAL MADIGAN FILES LAWSUIT AGAINST UNREGISTERED FOREIGN CURRENCY TRADERS

Go down

ATTORNEY GENERAL MADIGAN FILES LAWSUIT AGAINST UNREGISTERED FOREIGN CURRENCY TRADERS Empty ATTORNEY GENERAL MADIGAN FILES LAWSUIT AGAINST UNREGISTERED FOREIGN CURRENCY TRADERS

Post by RamblerNash Thu Mar 24, 2016 10:04 pm

ATTORNEY GENERAL MADIGAN FILES LAWSUIT AGAINST UNREGISTERED FOREIGN CURRENCY TRADERS Pressrel2
For Immediate Release
June 19, 2007
 
Contact: Robyn Ziegler
312-814-3118
877-844-5461 (TTY)
rziegler@atg.state.il.us
 
ATTORNEY GENERAL MADIGAN FILES LAWSUIT AGAINST UNREGISTERED FOREIGN CURRENCY TRADERS
Chicago - Attorney General Lisa Madigan has announced that her office filed a lawsuit yesterday against several related companies based on allegations that they violated the Illinois Consumer Fraud and Deceptive Practices Act and the Transmitters of Money Act by advertising the sale of Iraqi currency (Dinars) on the Internet but failing to fulfill orders from customers. 
The lawsuit alleges that the defendants, using various names and addresses, engaged in a pattern of conduct through which they advertised the sale of Iraqi Dinars on the Internet and accepted payments from consumers, but failed to fulfill orders.  Over the past two years, when the defendants received complaints from customers, they allegedly changed the name of their companies, the office address or website and continued their practice of selling Iraqi currency without filling prior orders.
The lawsuit also alleges that the defendants failed to obtain a required Illinois license to engage in the business of selling or exchanging foreign currency for compensation.  The Transmitters of Money Act requires all such sellers to be licensed by the Illinois Department of Financial and Professional Regulation.  None of the defendants is properly licensed.
“These companies have illegally taken advantage of consumers who are interested in investing in foreign currency,” Madigan said. “We are working to protect consumers from this conduct.”  
Madigan filed the suit against:
1.         United World Exchange, Inc., doing business as US Dinar,
2.         US Foreign Exchange, Inc., an Illinois LLC doing business as USFX,
3.         Mid America Trade, an Illinois LLC,
4.         US Trade, LLC, a dissolved Nevada corporation,
5.         US Dinar, LLC, a dissolved Illinois corporation,
6.         Samir Altaeh, also known as Samir Al-Tayeh, individually and as President
            of U.S. Foreign  Exchange, US Trade and US Dinar, and also in his capacity             as a manager of Mid America Trade and as agent for United World
            Exchange, and
7.         Joseph Beaudry, individually and as President of United World Exchange. 
Since 2006, Madigan’s Consumer Fraud Bureau has received 42 complaints against the various defendants.  The Better Business Bureau has received more than 160 complaints concerning the various defendants in the past year.
“I encourage consumers to act carefully and be wary of companies that advertise a hot investment opportunity,” Madigan added.  “Consumers should always check with our office or the Better Business Bureau about a company’s complaint history.”
 
Madigan’s lawsuit asks the court to prohibit the defendants from engaging in the business of advertising or selling foreign currency in Illinois and seeks restitution for those consumers who have not received their orders from defendants.  The lawsuit also seeks a civil penalty of $50,000 and additional penalties of $50,000 for each violation found to have been committed with the intent to defraud.  Finally, Madigan’s lawsuit asks the court to order the defendants to pay the costs of the prosecution of this case.
Assistant Attorney General Adam Sokol is handling the case for Madigan’s Consumer Fraud Bureau.


http://www.illinoisattorneygeneral.gov/pressroom/2007_06/20070619.html

*****************
ATTORNEY GENERAL MADIGAN FILES LAWSUIT AGAINST UNREGISTERED FOREIGN CURRENCY TRADERS 258310255 
>>>TNTBS's YouTube Channel<<<
RamblerNash
RamblerNash
GURU HUNTER
GURU HUNTER

Posts : 24272
Join date : 2015-02-19

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum