January , 2019

Email This Post Email This Post


CHICAGO, ILThe Better Business Bureau serving Chicago and Northern Illinois is fielding an increasing number of complaints about investment scams involving purchasing Iraqi Dinars.


In Dinar exchange scams, potential investors exchange U.S. currency for Dinar – on the premise that buying the Dinars could be a great investment if the value of the Iraqi money were to increase. It appears that in some cases these companies are not providing the Dinars nor are they returning the money back to the customers.


The BBB has had 2,206 inquiries for this type of business for this 12 month period, compared to 529 for the previous 12 months; an increase of 317%. There were also 12 complaints for this 12 month period, compared to 5 for the previous 12 months; an increase of 140%.


“It is extremely important to look into the company that you are investing your money into,” said Steve J. Bernas, president & CEO of the Better Business Bureau serving Chicago and Northern Illinois. “This is true with any investment you make. Take the time to find out information on the company and make sure they follow ethical practices and provide the services they advertise.”


The BBB offers the following tips to help to avoid investing in a potential Dinar scam:

  • Make sure the company has authentic currency. It is important when working with Dinar to make sure that you are receiving legitimate currency. It is necessary to do some background research on the currency and understand what you should be receiving. It is also important for the company to provide a money-back guarantee in case something happens and you never receive the Dinars.
  • Make sure the company has a long history. When investing in a company it is important to be able to look at the company history and see that it has established itself over time. By having a long history of business, it shows that this is not a business that will disappear over night or take the money and run.
  • Make sure the company is transparent. Transparency is extremely important in a business, especially one in foreign currency. It is important to know who is running the company and where else the company is connected. It is also very important for the business to be up front about the worth of the money and give basic estimates about growth opportunity in the future.


For more consumer tips you can trust, visit www.bbb.org

You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.

Recent Comments

Welcome to CopyLine Magazine! The first issue of CopyLine Magazine was published in November, 1990, by Editor & Publisher Juanita Bratcher. CopyLine’s main focus is on the political arena – to inform our readers and analyze many of the pressing issues of the day - controversial or otherwise. Our objectives are clear – to keep you abreast of political happenings and maneuvering in the political arena, by reporting and providing provocative commentaries on various issues. For more about CopyLine Magazine, CopyLine Blog, and CopyLine Television/Video, please visit juanitabratcher.com, copylinemagazine.com, and oneononetelevision.com. Bratcher has been a News/Reporter, Author, Publisher, and Journalist for 33 years. She is the author of six books, including “Harold: The Making of a Big City Mayor” (Harold Washington), Chicago’s first African-American mayor; and “Beyond the Boardroom: Empowering a New Generation of Leaders,” about John Herman Stroger, Jr., the first African-American elected President of the Cook County Board. Bratcher is also a Poet/Songwriter, with 17 records – produced by HillTop Records of Hollywood, California. Juanita Bratcher Publisher

Recent Posts