Home
By John Lee.
Ohio based publication [You must be registered and logged in to see this link.] has reported the beginning of a new trial of three local men accused of intentionally deceiving investors with the now familiar refrain that the Iraqi dinar will dramatically revalue.
The accused ran a firm BH Group along with two hedge funds, with one defendant allegedly lying about fighting in Iraq. The scale of the fraud is reported to be $23 million.
According to the report, the men are accused of promoting the currency, “as a potentially profitable investment on the theory that at some unknown point in time a “revaluation” would occur.
If the Iraqi government would increase the value of its currency from a tenth of a penny to, say, $2, a $25 investment could turn into $50,000.”
All of the defendants have been charged with conspiracy to commit wire fraud and wire fraud as well as various other related financial crimes.
[You must be registered and logged in to see this link.]
Ohio based publication [You must be registered and logged in to see this link.] has reported the beginning of a new trial of three local men accused of intentionally deceiving investors with the now familiar refrain that the Iraqi dinar will dramatically revalue.
The accused ran a firm BH Group along with two hedge funds, with one defendant allegedly lying about fighting in Iraq. The scale of the fraud is reported to be $23 million.
According to the report, the men are accused of promoting the currency, “as a potentially profitable investment on the theory that at some unknown point in time a “revaluation” would occur.
If the Iraqi government would increase the value of its currency from a tenth of a penny to, say, $2, a $25 investment could turn into $50,000.”
All of the defendants have been charged with conspiracy to commit wire fraud and wire fraud as well as various other related financial crimes.
[You must be registered and logged in to see this link.]
» utube 11/19/24 MM&C Report-Census-Global Transparency-Budget-Trade-Banking-Delete the Ze
» Barzani: The relationship with Baghdad is good and no problem can be solved by force
» Al-Mashhadani: The international system today is “fluid and in crisis” and the Middle East crisis is
» Legal Center: Iraq is the fourth Arab country in child labor and there is a need to legislate a law
» Democratic: The new regional government is a coalition and one step away from negotiations to form i
» Parliament resumes its sessions next week... and clarification of the mechanism for extending its le
» A member of the Patriotic Union of Kurdistan stresses the need to pass the Kurdistan budget law, whi
» Framework warns: Agreement with Washington will be at stake if Iraq is bombed
» Protecting Iraq is an American duty: Security agreements are not just ink on paper
» Moderate leaders...are they able to guide the path at a regional crossroads?
» Politician reveals political agreements to vote on personal status law
» US report shows the importance of the population census in Iraq: It will reshape this map
» Dollar-Dinar Exchange Rate Gap: Causes and Treatments
» The Fifth Forum for Peace and Security in the Middle East kicks off in Dohuk with the participation
» Planning for / Nina /: The census results will be announced at this time and we implemented the proj
» Former MP: Worrying circumstances accompanied the population census process in Basra
» MP Hassan Al-Asadi brings good news to a group of those covered by Article 140
» Economist: Total cost of general population census reached 951 billion dinars
» Israel's complaint against Iraq.. a prelude to an expected military action - Urgent
» Mahmoud Al-Mashhadani: What is happening today in the Middle East is a “vital area for the second Na
» The complex of forming the regional government is exacerbated by the adherence to the “old faces”
» Bitcoin hits new record
» Prime Minister's Advisor: National Development Plan 2024-2028 depends on census results
» Al-Abadi responds to Senator Lindsey Graham's statement: Incites new conflicts and wars
» War developments portend danger in Iraq.. Israeli threatening messages arrived via a regional state
» Controversy over Kurdish citizens entering Kirkuk before the population census.. What's the story?
» MP reveals date of passing general amnesty and personal status laws
» Economist: The census will lead to an increase in the share of some governorates in regional develop
» Al-Sudani directs to equip border forces with modern weapons and secure all their requirements
» Iraqi government: We are making great efforts to control the influence of factions inside Iraq
» utube 11/18/24 US President Donald Trump Statement About Iraqi Dinar New RateIraqi Dinar News
» Mazhar Saleh: Population census is the basis for achieving optimal development
» Setting the date for announcing the preliminary results of the population census
» Kurdish MP: Population census will affect all governorates financially
» Between Israeli accusations and Baghdad's position: Is Iraq heading towards an international confron
» Al-Sudani renews his directives on the necessity of completing service projects within the previousl
» Political movement calls on parliament to strike dens of corruption
» MP criticizes the Foreign Ministry's performance towards the Turkish occupation
» Parliamentary Economy Committee criticizes the government’s withdrawal of the Public-Private Partner
» Before the vote... Washington moves its agendas to prevent the approval of the personal status law
» Al-Maliki: The Zionist entity seeks to strike Iraq through its expansionist war
» MP identifies 3 black images of the American role in the Middle East
» Where is the Baghdad-Washington agreement? The Zionist entity provokes Iraq and threatens to bomb it
» Durable goods are an open option for citizens.. Planning indicates a high response to the population
» Parliamentary Legal: The regional government is trying to change the demographics of Kirkuk to regai
» Arrest warrant issued for Anbar Council member for involvement in corruption and terrorism cases
» Al-Sudani directs continued payment of wages to workers on a "daily wage" during the two days of the
» What is the relationship between the population census and the national development plan? Al-Sudani’
» Iraq's seaborne crude oil exports decline
» Will the population increase the number of representatives in Iraq?
» In cooperation with the United Nations Population Fund.. The first population census in Iraq in more
» Jordanian company completes strategic submersible pumps project in Iraq
» Rasool: The government is pursuing anyone involved in activities that threaten Iraq's security
» US military creates air bridge from Iraq to Syria
» Al-Sudani, Putin discuss Middle East issues amid unprecedented escalation of tension in the region
» Know the secrets of the Iraqi house.. Baghdad demands that Washington deter Israel
» On the second day of the curfew, Al-Sudani tours Baghdad and “meets citizens”
» Planning: Slums are counted as a fact in the population census
» Despite problems, Iraq and Turkey agree to increase trade exchange
» Iraqi regions detect drones.. and Washington informs Baghdad of "exhausting" its pressure on the ent
» Bitcoin breaks $97,000 barrier for the first time in its history
» A difference of more than two million people: Iraqi or international estimates? Who will prove the a
» In numbers.. UAE exports to Iraq grow significantly
» Problems with the lists and the minister’s travel.. Baghdad to send salaries to Kurdistan employees
» Al-Awadi: Iraq will demand a UN resolution under Chapter VII to immediately cease fire
» How will the census reflect on drawing the economic map of Iraq? An expert answers
» Al-Hakim and Al-Amiri at one table to discuss these files
» Government Advisor: Population Census is an Essential Tool for Building Effective Strategic Economic
» A legal expert explains the extent of the Security Council's response to the Zionist entity's compla
» MP: The remaining time of the government’s term may not allow for a ministerial change
» MP: Iraq has dealt a qualitative blow to international drug trafficking mafias
» During 2024.. Iraq achieves a record in fuel oil exports
» Calls to issue a parliamentary decision binding the government to cancel the agreements with Egypt a
» Central Bank of Iraq sales exceed $6 billion in a month
» Planning: Iraq will apply international standards in the general census in coordination with the Uni
» Trade: Government measures to ensure continued food flow during census days
» The Prime Minister stresses the importance of the collection sector within the system of providing e
» Iraq produces more than 6 million m3 of wastewater daily
» Prime Minister's Advisor: National development plans depend on census results
» Investment extends the grace period for Bismayah residents to enter through electronic gates
» Trade: The general population census will be a starting point for important economic transformations
» Al-Sudani confirms the government's determination to proceed with organizing tax collection in a fai
» Al-Sudani visits the headquarters of the Ministry of Planning
» The Ministry of Oil announces the resumption of work in the production line of the North Gas Company
» Christian discontent with 'alcohol ban': It opposes freedoms and causes financial losses
» Al-Mashhadani stresses the importance of the Russian role in supporting Iraq at the regional and int
» Iraqi government issues new decisions - Urgent
» Legal expert details the extent of the impact of the population census on the controversial Article
» Al-Mashhadani directs the preparation of reports on the performance of ministers, governors and head
» Minister of Labor: More than 4 million children covered by the social protection system
» Al-Sudani chairs emergency meeting of the Ministerial Council for National Security
» Directive from Al-Sudani regarding meter readers on a contract basis in electricity
» Iraq borrows $390 million from Japan to develop Basra refinery
» Iraq and the "Israel-Iran" War.. Serious Government Measures to Secure the Launching Areas of Attack
» Iraqi oil recovers and exceeds the $70 barrier
» Integrity Commission Recovers Corruption Convict From Egypt.. Who Is He?
» utube 11/18/24 MM&C IQD News Report - Contracts - Projects - Non Oil Revenue Streams - Activating
» North Gas announces resumption of production line (1000) after maintenance is completed