There is ongoing debate over whether investing money in Iraqi Dinar currency is a legitimate avenue for investing or simply a polished internet "scam". Opinions from respected experts are to be found on both sides of the Iraqi Dinar currency debate. These expert opinions should be reviewed and carefully weighed before doling out cash to purchase dinar currency.
But what is not subject to debate is the fact that there have been clear cases of Iraq dinar fraud and scams that documented in the public record and which all investors considering Iraqi Dinar need to be aware of. We present here documentation of several such Iraqi Dinar scams for your information and education. Prudent investors are advised to be aware and alert to these issues:
Iraqi Dinar Scam Targets Iraqi dinar Websites!
As if the Iraqi dinar trade didn't have enough credibility problems. Now comes word that scammers have turned to ripping-off Iraq dinar websites. Iraqidinar.org is reporting that a couple of guys presenting themselves as wealthy middle-eastern royalty are offering to buy dinar websites for no money down, but promises of future millions! The scammers have a checkered past that is well-documented, including big problems with the Federal Trade Commission (FTC).
While it may appear that this type of Iraq Dinar scam would not directly impact Iraqi dinar currency buyers, be forewarned that if scammers like these guys get control of established and successful Iraqi Dinar websites, they could be in a position to wreak havoc on the many thousands of people seeking to buy Iraqi dinar. Be forewarned too that this scam clearly shows how sparse the government oversight and regulation of the Iraqi dinar trade is. While else would scammers already caught by the FTC in one area turn their sights to the Iraqi dinar business?
It is for this reason that we have long recommended that buyers go through Dinarinc.com for Iraqi dinar transactions. Dinarinc.com has a reputation to uphold and does not tolerate unscrupulous vendors remaining active on its site. Other buyers provide valuable comments and feedback about their satisfaction level, so you always have a good idea of what others are saying about a particular dealer.
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Mike Smith writes on various topics including Currency Exchange,buying dinar and other foreign currency. He is published on more than 300 websites including: www.dinarinc.com
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