February 22, 2016- Atlanta, Georgia
The US Attorney’s Office for the Northern District of Georgia announced the indictment of Tyson Thame, James Shaw, Terrence Keller and Frank Bell in connection with the operation of Sterling Currency Group, a company that touted itself as the largest sellers of the Iraqi dinar in the United States.
They are charged with fraudulently inducing investors into purchasing the Iraqi dinar.
“Investors in the Iraqi dinar, like all investors, are entitled to make an informed choice based on honest and transparent information,” said U. S. Attorney John Horn. “These defendants are alleged to have defrauded investors by spreading misinformation about the investment potential of the Iraqi dinar in order to profit from sale of the currency. We urge anyone who believes they were impacted by this scheme to contact the FBI.”
According to the indictment, Sterling Currency Group, LLC, which also did business as Sterling Online Processing Services, LLC, and Dinar Banker (collectively, “Sterling”), was a Georgia corporation with its principal place of business in Atlanta, Georgia. Sterling sold and exchanged so-called “exotic currencies,” including most predominantly the Iraqi dinar.Tyson Rhame and James Shaw were co-owners of Sterling, which began operations in 2004. Frank Bell began working for Sterling in 2010 and became Sterling’s Chief Operating Officer in 2011.
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