BH Group (Brad Huebner) Bayshore Capital (Rudy Coenen) – INDICTED by a FEDERAL GRAND JURY for FRAUD Schemes!

Disclaimer: This is information for your education and not advice to purchase anything. I am not an investment adviser so do your own due diligence on whether or not you choose to purchase IQD from ANY source. I (Glenn Bolton) do not recommend ANY financial instrument or make any financial or other gain from you purchasing IQD from any source.

Three BH group founders have been indicted for Fraudulent activities.

A federal grand jury returned an 83-count indictment charging three men from the Toledo area and a Florida man for their roles in the operation of a $24 million fraud scheme involving the sale of Iraqi dinar currency and two non-existent hedge funds, said Steven M. Dettelbach, United States Attorney for the Northern District of Ohio, and Darryl Williams, Special Agent in Charge, IRS-Criminal Investigation, Cincinnati field office.

Those charged are: Bradford L. Huebner, 65, of Ottawa Hills, Ohio; Rudolph M. Coenen, age 47, of Jacksonville, Florida; Charles N. Emmenecker, 65, of Sylvania, Ohio, and Michael L. Teadt, 66, of Maumee, Ohio.

More Information

http://jacksonville.com/news/crime/2012-09-20/story/ohio-indicts-jacksonville-man-iraqi-dinar-fraud-scheme

http://www.13abc.com/story/19594414/local-men-charged-with-fraud-in-multi-million-dollar-scheme-to-sell-iraqi-currency

http://mriqd.com/2012/09/20/breaking-bh-group-brad-huebner-bayshore-capital-rudy-coehen-indicted-by-a-federal-grand-jury-for-fraud-schemes/#comment-89

My Take On This

I have mentioned the BH Group (relating to the Iraqi Dinar – IQD) here on my blog a few times in the past. It seems that they were not what they said they were and now the feds have caught up with them.

Aside from telling the story of the revaluation of the Iraqi Dinar, it appears they have also been running some financial hedge fund scams.

Sounds like they made up and exaggerated a few things…

I stopped listening to all the IQD stuff more than a year ago as there are now an overwhelming number of scammers and hellraisers spreading tons of rumors.

As I have always said…

Don’t believe everything you hear (or read on the internet).

Don’t get caught up in hype. It might all sound great but do your homework before you commit to anything that could have lasting implications.

Most people have an agenda of some kind (especially the religious zealots).

Look after yourself, your friends and your family.

Live, Learn, Love, Laugh & Leave a Legacy. Have an “L” of a good time.

🙂

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