Drake the Fake Temple of Doom Iraqi Dinar Investment Bust

Drake the Fake Temple of Doom Iraqi Dinar Investment Bust

Jacksonville man pleads guilty in Ohio to conspiracy in Iraqi dinar case

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Mclaughlin Hill aka Drake the Fake “The Temple of Drake”

http://www.stewwebb.com/Mclaughlin_Hill_aka_Drake_the_Fake_20120930.htm

April 19, 2013
By Dana Treen

Jacksonville man pleads guilty in Ohio to conspiracy in Iraqi dinar case

The Florida Times-Union

April 19, 2013

A Jacksonville man pleaded guilty Thursday in an Ohio federal court to a scheme to defraud investors in the sale of Iraqi dinar currency and two non-existent hedge funds, authorities said.

Rudolph M. Coenen, 47, pleaded to one count of conspiracy to commit wire fraud, one count of wire fraud and five counts of money laundering. His sentencing is scheduled for Aug. 12.

Coenen and three other men promoted Iraqi dinar as having the potential to rocket in value once a reevaluation of the currency took place. They said the investments were protected by the U.S. government.

In addition to the sale of dinar, the conspiracy marketed seats on two non-existent hedge funds that were going to control dinar investments after the currency was revalued.

Coenen was presented to investors as a wounded Iraqi veteran who had deep knowledge of dinar trading and was a former vice president at JP Morgan Chase.

Click on link below to read full report:

http://jacksonville.com/news/crime/2013-04-19/story/jacksonville-man-pleads-guilty-ohio-conspiracy-iraqi-dinar-case

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