Iraqi Dinar Guru

Iraqi Dinar Guru Investment: How The Scam Works

Did anyone approach you as a Dinar guru and told you about the miracle that might happen to you? Well, beware of the Iraqi Dinar Guru scam. Let’s take a look

The hype about the investment in Iraqi Dinars has been going around for a while and it’s still going. Sellers explain that as democracy will come to Iraq, the economy will flourish and the value of the Dinar will grow.

dinar guru

 

The pitch is that you can buy an Iraqi Dinar for pennies now. Then it will be worth at least $2 as soon as the UN recognizes the Iraqi currency. Just like any other potential money-making opportunity, the Iraqi Dinar guru hype created thousands of scammers posing as Internet dealers.

 

Watch How It Works:

Watch the shocking video below to see in action the Iraqi Dinar Guru Scam exposed on CNBC:

Iraqi Dinar Scam Exposed Video

They set up fancy websites, add “Registered Dealer” logos to them, and somewhere in fine print will have disclaimers such as “No guarantee of return”, “We are not an investment company” or “All sales are final, no refund”. They won’t even mention that at present the Dinars can only be redeemed in Iraq.

Scammers claim they are registered to sell Iraqi Dinars, but what they omit to add is that they have registered with the government only as a company dealing with money– nothing really to do with the IQD.

There are some other important facts to consider if you are thinking of buying.

In most other major economies around the world, it is illegal to market investment without proper securities registration, but scammers get by this, claiming they are selling the Dinars for numismatic value, as collectors’ items.

Additionally, when operating in the US, dealers register with the US Treasury as a money service business (MSB) to make it official but keep in mind that MSB is not marketing an investment. Basically, don’t be impressed by titles or tags that scammers use to gain credibility.

Dinar Guru Scam: How To Avoid

It’s very hard to spot the scammers, especially since millions of people all over the world have been buying Iraqi Dinars since 2003 when the new currency was released. Since everyone hopes they are going to make millions, you might even have friends who invested already and will easily convince you with their point of view.

Currency trading is a very specialized field. There are easier ways to make money.

How To Report The Dinar Guru Scam

Make your family and friends aware of the Dinar Guru scam by sharing it on social media using the buttons provided. You can also officially report the scammers to the Federal Trade Commission using the link below:

Report To The FTC Here

 

How To Protect Yourself More:

If you want to be the first to find out the most notorious scams every week, feel free to subscribe to the Scam Detector newsletter here. You’ll receive periodical emails and we promise not to spam. Last but not least, use the Comments section below to expose other Dinar gurus.


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Peter Egan

Mine are good because they involve credible sources with names and credentials, or in one case hours worth of digging through emails on Wikileaks. They are not my opinions. They’re legitimate, objective journalism. If you’re under age 30 you might not know what that is.
Oh, and I don’t make wild assumptions like the one you just made about me. I work in healthcare, for what it’s worth.

Peter Egan

The scam is actually when uninformed writers tell anyone who will listen that investing in the dinar is a scam without having performed any research or analysis of their own. Like this author, there are many writers struggling to pay their bills who will write anything to get a few clicks, so they read where someone ran a Ponzi scheme and used IQD as the bait to lure in the investors who were defrauded, and due to laziness and intellectual dishonesty that somehow transformed into, “investing in the Iraqi dinar is a scam.” Simply put, everything in this article is… Read more »

Gina

so all the articles are scams and yours is good. Because you ran an Iraqi dinar investment platform, it seems. Oh, man.

Kathleen

scam???

thank  you

I almost got scammed by the dinar company. I put a stop payment on my check. I tried to warn a friend but she would not listen. I am glad I got out.

Jon

Iraqi dinars can be redeemed outside of iraq, I’m currently in the UAE and u can buy or return ur Iraqi Dinars at any of the currency exchange places here with no problems.

Moon

I feel bad because I think my uncle is caught up in this scam. Peoe have invested so much money and lost so much that now they have nothing sale but to believe that it will happen or gain a lot of money. Some people go as far as to use religion , to get others to buy or be patient , knowing that is is a scam.

rellonlore

I bought some Iraqi dinar in about 2006. The company I bought from was USdinar are they a good place to have bought from

Frank

I am always leary of anything that promises so much for so little. Grandma always said…"if it’s too good to be true it usually is".

Raymond Mercer

Don’t get caught up the scam. The Dinar Guru site has all these people hyping up the dinar and every week they say it is going to revalue. Months go by and it’s the same old story. And why is it those so called gurus don’t use their real names? Blanche Bonet, the guy who runs the sure is also trying to get people to buy stuff… The Secret To Dinar Investing. You pay $49 per month and you get the latest updates on the revaluation.

SOUTHERN SHAKER

oNE OF THE BIGGEST GURUS IS TNT TONY. HIS NAME IS ANTHONY RENFROW AND HE IS A CRIMINAL. HE HAS A TRIAL COMING UP IN KANSAS CITY DISTRICT FEDERAL MCOURT MARCH 25, 2014 FOR THE 14DAILYPLUS SCAM WHERE HE AND BILL FOX ALONG WITH HOLTON BUGGS SCAMMED PEOPLE OUT OF OVER $4,800,000.00. GO TO YAHOO AND TYPE IN THE REGULAR SEARCH BAR — TNT TONY AKA ANTHONY RENFROW IS STARTING TO CRACK. THEN TYPE IN THE SAME PLACE –WHO IS TNT TONY? GAME OVER. THEN TYPE IN http://www.docketalarm.com/cases/Kansas District Court/2–12-cr-20041/USA v Renfrow et al HIS BROTHER RAYREN (RAY) IS ALSO… Read more »

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