Sterling Currency Group Website Still Down Following FBI Raid

Sterling Currency Group Site Still Down

Many people in the Iraqi Dinar community are still looking for answers following the FBI Raid of Sterling Curreny Group's corporate offices, as well as the homes of company officers.

Though some months have passed since the initial raid, not much has come out in the news about what's going on.

The government seems to allege Sterling Currency Group was laundering money and engaging in fraud. If you want to see the court transcripts, documents, and get the whole story checkout a cool site called IraqiDinar.Org. It posts all the court dockets and gives kind of a clean easy to understand rundown of what has occured.

If you visit Sterling Currency Groups website today, you are shown the message below...

Sterling Currency Group's Response To Charges & FBI Raid

Sterling Currency Group, LLC’s Response to United States Attorney’s Charges

February 22, 2016

Statement by Sterling Currency Group, LLC regarding charges brought by the United States Attorney’s Office for the Northern District of Georgia.
In June 2015, the United States Attorney's office for the Northern District of Georgia obtained search warrants and filed a civil forfeiture complaint as part of an investigation into Sterling and the Iraqi Dinar industry. Since then, Sterling provided evidence it believes demonstrated to the U.S. Attorney’s Office that the central factual allegations in the civil forfeiture complaint were inaccurate, and in some instances flatly false. Despite that, the U.S. Attorney’s Office has brought criminal charges against Sterling’s two owners and its chief operating officer.
From Sterling's perspective, these charges are without any merit. Sterling, a lawful business which sold a lawful product, was owned and operated by law-abiding and conscientious individuals, two of whom served extensively in the United States Armed Forces. These executives worked hard to ensure Sterling complied with all state and federal laws and regulations. This included investing enormous resources into its compliance program and maintaining extensive legal and other professional counsel to ensure it was fully compliant with all applicable laws.
Sterling and the named individuals strongly deny the U.S. Attorney’s charges and look forward to vigorously defending themselves throughout this process and at trial.

This was posted back in February, we havn't really seen or heard anything new since.

DinarTrade Dinar Cashin Locations

Dinar Cashing In Locations

Many people are always asking about locations to cash in their Iraqi Dinar. Sterling Currency Group was known for talking about all the Dinar Cash in locations they had prepared for after the revalue.

If you read the indictments and court paperwork against them, that seems to be part of the reason they are in hot water with the government. It seems the government is alleging Sterling Currency Group was paying a network of bloggers and influencers to convince people the revalue of the Iraqi Dinar was imenent. Furthermore, it seems the government is alleging that Sterling Currency Group not only had no cash in locations, but had no intention of opening any cash in locations, essentially stating that this was entirely to get people's hopes up and to sell more Iraqi Dinar.

The case has not gone to trial yet so at this time these are nothing more than allegations but it seems many Dinar companies have shied away from advertising all their cash in locations.

DinarTrade is the only company with true cash in locations. Not in the sense that the Dinar has revalued and you can cash in, more in the sense of anyone who's been sitting on their Dinar for the past decade and is sick of it can come cash it in and get good old Yankee Greenbacks.

DinarTrade is part of the XChange of America banner, which includes DinarTrade, TampaDinar, DinarInc, and XChange of America. They are probably the largest and most well known Iraqi Dinar dealer around today. In a conference call they had a year or so back shortly after the Sterling Currency Group FBI raid, they talked about how they were trying to expand from being just an Iraqi Dinar dealer to being a full fledged currency exchange like the likes of companies like Travelex and ICE International Currency Exchange. They did begin opening up a number of physical brick and mortar locations across the country and I believe they are getting more into wire services and other services that a traditional full fledged foreign currency exchange would offer. 

So, if your looking to cash in your Iraqi Dinar for riches, this isn't the place for you to go. That said if you've been sitting on your Iraqi Dinar for the past decade or more and are ready to throw in the towel and put that money into a vacation or a new motorcycle, checkout the XChange of America Cashout Locations.

RELATED READING: Dinar Cashout Procedures

Where Can I Cash In My Iraqi Dinar? May 2016 Edition

Where Can I Cash In And Sell My Iraqi Dinar?

Do you own Iraqi Dinar? If your like me, you've been sitting on your Iraqi Dinar for a decade. I purchased my first Iraqi Dinar back in late 2003 or early 2004. I'm still sitting on it. Though it may be worth a few hundred bucks more than I bought it for, it's nothing significant.

I personally don't need the money right now and having sat on it for going on almost 12 years, I'm not ready to part with it just to make a couple hundred bucks. That said if I needed the money I'd liquidate it in a second. 

If your sick of sitting on your Iraqi Dinar however you may be looking to cash it in. And you may be wondering where do I cash in my Iraqi Dinar or where do I sell my Iraqi Dinar?

I decided to write an updated post as it's been a while since our last post about where to cash in your Iraqi Dinar.

Things havn't changed much. Where as years ago banks like Fifth Third, Wells Fargo, Chase, and other large national chain banks were buying and selling Iraqi Dinar, that is not the case today. I have heard that some smaller community banks and credit unions were still buying Iraqi Dinar. I believe Travelex Currency Exchange also buys in Iraqi Dinar, however I believe it's only at one or two of their locations in the whole country. I believe it's Cleveland and Minneapolis Airport. It's not a great rate however, I believe last I heard they were paying about $560 per million. You can actually do quite a bit better than that even selling to an Iraqi Dinar broker or dealer. 

If your looking to cash out your Iraqi Dinar you have a few choices. You could sell to one of the dozen or so Iraqi Dinar dealers out there. Things have changed a bit over the years. A few years ago many dealers would only buy back from their own customers ie if you purchased from Currency Liquidator you could not sell your currency to Sterling Currency Group. Many dealers however have loosened up on those types of policies and are buying back from customers regardless of where they purchased from. 

If your looking to sell to a dealer a few we've heard about. DinarInc aka XChange of America aka TampaDinar aka Dinar Trade today is probably one of the largest and most reputable Iraqi Dinar dealers out there. They actually have physical locations across the country, many of them being in malls. YOu can actually physically go into one of their stores to sell your Dinar. Now just so your aware they won't pay you out on the spot, they are required to send the Dinar to their corporate headquarters in Stuart, Florida to be authenticated before you are paid out but none the less I know some people are more comfortable walking in and dealing with someone in person as opposed to just sending thousands of Dollars worth of Dinar to some nameless faceless company they've never met before.

We've also heard pretty good things about Deal or Buy Dinar, some of our readers have also commented that BuyIQD offers one of the fastest payouts in the industry typically sending checks out the same afternoon they receive your currency and if you opt for the Expedited Return shipping you could literally have your currency the next day. SafeDinar also has a pretty seemless operation and a very quick payout as well. 

If your not happy with dealer prices, which currently are probably hovering around $700, you could always opt to sell your Iraqi Dinar yourself on a Dinar Forum like DinarVets buy and sell section, on Craigslist, or on a site like eBay. You can probably squeeze out a few more bucks. I believe going price on eBay currently is about $800 to $900, however keep in mind you will owe eBay 6% in final value feees and Paypal another 2.9% plus 0.30 cents in order for processing the transaction for you. 

As you can see, things havn't really changed, you pretty much have the same options for cashing out your Iraqi Dinar.

Where To Buy Iraqi Dinar Options or Reserves?

TreasuryVault Still Selling Dinar Reserves

Many Iraqi Dinar buyers are still looking to purchase Iraqi Dinar layaways or reserves. We have done a few posts on here about why buying reserves is not smart. First off your entrusting someone else to hold onto your Dinar for you which isn't smart. Many dealers have gotten in trouble for overselling reserves, ie they sell 100 Million worth of reserves but only have 10 Million Dinar in stock.

DinarInc, did a conference call shortly after the Sterling Currency Group FBI Raid and described their reserve program they had at the time. They openly stated they did not have enough Dinar to backup all their reserves, but also seemed to say the point of a reserve program is not to speculate but is to pay something off in chunks. They made a comparison to a hardware store selling grills, they said the company doesn't stock all the grills they need because they know they can order more. There isn't necessarily anything wrong with this but for anyone who thinks they are going to predict the Iraqi Dinar Revalue and cash in may be sorely disapointed when they go to buy their reserve and are told sorry we oversold.

Back around last summer DinarCorp, one of the leading reserve sellers was actually shutdown by the SEC for selling unlicensed and unregistered securities and investments. Basically the SEC stated that a Dinar Option was a security and in order to sell a security one must be licensed and registered to do so and certain disclosures must be made. Obviously Dinar Corp was not registered nor were any disclosures made so they were shutdown.

About a day after this happening all Dinar dealers seemed to pull their options or reserve programs down. The one reserve or option program still remaining is Treasury Vault. I'm assuming that they have consulted with attourneys and crafted the program in such a way it falls within the law, but realize if someday they were shutdown, just like Sterling Currency Group, any customers sitting on reserves at that time will basically lose their money.

So the moral of the story, you probably shoudln't buy reserves in the first place but if you still want to buy reserves Treasury Vault seems to be the last one selling them. 

Iraqi Dinar, Zimbabwe Dollar and More - Everything You Ever Wanted To Know


TNT Tony's Brother Ray Doesn't Seem To Have The Pull Tony Had

TNT Tony In Jail - His Brother Ray Fluttering

I personally have never been a fan of TNT Tony, however you have to give it to him, he had the gift of gab. He could put together an audience of people and he could ramble on and on for hours about the Iraqi Dinar.

Like him or hate him he was a charismatic guy. His brother Ray however doesn't seem to have the same pull with the Dinar community that TNT Tony had.

His brother ray is still however "taking donations" lol.

It used to be everything you heard online was TNT Tony this and TNT Tony that. Ever since Tony has gone away to jail and his brother Ray has taken over the show you don't really hear anything about the TNT Show or TNT Intel.

I was just thinking about this the other day and decided to pull a quick Youtube search on TNT Tony and sure enough his brothers call from 4/20/16 popped up. I listend for a few minutes and it just confirmed what I thought, he is not nearly as charismatic as his brother, he doesn't have the audience or the pull with the audience that his brother did.

I think TNT Tony the superfantastic show, is finally dead. Watch this clip below from a recent show and decide for yourself.

DinarVets VIP Program Should I Join?

Should I Join The DinarVets VIP Program

Are you wondering if you should join the DinarVets VIP Program? As with most websites and forums there's often a paid and a free option. The paid option typically gets you more featured content as well as oftentimes extra access to the site owners and bonus materials.

In the case of Adam Montana's DinarVets Forum VIP Package, what you seem to get is access to Adam Montana's weekly chat, as well as some tax planning advice and contacts should the Iraqi Dinar ever revalue.

Is it worth shelling out the extra money? 

Ultimately that is up to you to decide, however it seems like most Iraqi Dinar sites and forums out there are on the downslide. The interest in the Iraqi Dinar is kind of starting to wane and that means web traffic is starting to wane. Many of the people who have become Iraqi Dinar Gurus and many of the people who operate these Dinar websites are not people who are passionate about the currency or the potential global currency reset but are simply internet marketers who decided to cash in on this cash cow we call the Iraqi Dinar. 

I ran the math a while back and someone like Adam Montana of Dinar Vets at the peak, according to my rough calculations was probably making between $15,000 and $25,000 a month in advertising fees as well as VIP Program upgrades. 

I had heard through a past article posted on DinarDouchebags that Adam Montana was a former internet porn marketer, who at some point noticed Iraqi Dinar and related keywords were getting tons of searches. Decided to educate himself on the topic and started a blog, and being the marketing and promotions genius he is was able to garner a huge following in a short time. 

I'm not knocking him, more power to him, that's what most web designers, forum moderators and people who make money online do. My point however is that where as early on Adam Montana was probably much more vested in growing the site and posting interesting and relevant content.

Something I notice about DinarVets and other sites is the people who run the site are seeing that traffic is dropping and interest is dropping. That means that there income is dropping as well and they are not going to continue putting time and effort into a site that is not going to return that time and effort with cash. 

So what does this mean to you as a subscriber? It basically means your not getting that much content, your getting half ass articles, and that most likely in the next 6 months to a year, if not even sooner, the site operators are going to start abandoning their sites and this premium content you paid for is no longer going to be comming out. 

I've noticed a few complaints on DinarVets lately about how Adam Montana has been missing the weekly chats and on the ones he is on or holding they seem to be lackluster and rushed through with little information. 

At the end of the day I personally would opt not to join the DinarVets VIP Program. Reason being I feel the quality of the content and the bang for your buck you may have gotten a few years ago is no longer there. I feel that the site may stop putting out new content as interest in the Dinar continues to wane. And lastly, I don't see the need for all this tax protection promised in the VIP program.

As things currently stand your paying thousands to setup trusts and offshore companies to protect $800 worth of Dinar that you own. Furthermore, if you truly believe in the Iraqi Dinar Revalue and truly believe the ridiculously high rates people say it's going to come out at who really cares if your taxed on 3 Million Dollars at 15% or 30%, it's a lot of money either way. 

All that said I havn't signed up for the DinarVets VIP Program and I don't see myself doing so anytime soon.