Is investing in the Iraqi Dinar a good idea? Yes and No. Yes, investing in the physical currency is good .. And No, the investments that are pushed "along with" the physical currency which are tax shelters and scams where individuals will "hold or invest" your money for you. Remember un-licensed individuals have one thing on their mind and that is getting you to give them your money. Everyone must realize due diligence is required by you the investor. It's better to be safe than sorry ...
Low Hanging fruit ... confiscating .. and finding additional funding for the new infrastructure bank ...
1. the fruit that grows low on a tree and is therefore easy to reach
2. a course of action that can be undertaken quickly and easily as part of a wider range of changes or solutions to a problem: first pick the low-hanging fruit
3. a suitable company to buy (target) as a straightforward investment opportunity
October 6, 2011Colo. Tells Firm To Stop Promoting Investments In Iraqi Dinar
DENVER -- A company selling investments in Iraqi money has been ordered to stop by the state of Colorado.
The cease and desist order is for AmIraq Fund, LP, its general partner, BB&M International Corporation, and the managing director and CEO of both, William Burbank, all of Coronado, Calif.
The AmIraq Fund sold investors on buying Iraqi dinar by saying the dinar is currently undervalued, Iraq has great long-term potential and that the dinar will recover post-war, officials said.
Colorado investors were offering one million dinar for $975, securities officials said. The funds were to be held in an Iraqi bank.
"Promoters often offer investors an opportunity to get in on the ‘ground floor’ of a new idea or concept and make a great economic return,"
Securities Commissioner Fred Joseph said. "Unsuspecting investors can be lured into these schemes, especially if the returns sound good. These offerings require careful research and a strong reminder that if it sounds too good to be true, it probably is not true, nor will it be profitable to anyone but the promoter."
Colorado officials alleged that Burbank was offering securities and that he failed to register its security offering.
Burbank agreed to obey the cease and desist order, but neither admitted to nor denied the allegations, state officials said.
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and ..another source .. scams .. link
Colorado tells firm to stop Iraq speculation
Thursday, Oct. 06, 2011
DENVER -- The Colorado Securities Commission has ordered a California company to stop promising high returns by speculating on the value of Iraqi currency.
The commission named AmIraq Fund, general partner BB&M International Corp., and CEO William Burbank of Coronado, California.
The commissioner says the interests offered by Burbank are securities and that he failed to register as a security offering.
Burbank did not return a phone message seeking comment.
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