Don’t bet on Iraqi money
Investors considering investing in the Iraqi dinar (the Iraqi form of money) should think twice.
The national Council of Better Business Bureaus reports that it’s received 77 complaints from 33 states and eight countries concerning the marketing efforts of United World Exchange, a company purported based in the Chicago area that is trying to convince people to invest in the Iraqi dinar on the prospect that the value of the currency will increase as that country stabilizes and there will be money to be made.
The company has a pretty sophisticated Web site and dresses it up with a seal of the U.S. Department of Treasury to make it look authentic. But apparently it doesn’t deliver dinars nor does it refund money.
Learn more about the issue here.