Saturday, October 8, 2011

David Pratt's Injunction

If you've been around the dinar world for very long you've probably heard of David Pratt, the man who has either infuriated or scared the crap out of most dinarians.  He claims that the only way to be safe with this investment is to procure an electronic account since the paper currency won't be honored upon an RV.  And of course he would be happy to help you set up your electronic dinar account for a modest fee.  Anyway, Mr. Pratt ran US Dinar Bank which then became US Dinar Ex (seems that they weren't a bank so they had to remove the word "bank" from their name), all three of which are listed in this injunction .  If you don't want to read all the way through this document I'll just hit the highlights for you.  
  1. Pratt wasn't properly registered. 
  2. Pratt offered dinars at a “discount” for between 75 and 85 cents and stated dinars would be listed on FOREX, the foreign exchange market. Pratt stated “the Dinar will open trading at between $1.50-$2.00 minimum.” Pratt projected the Dinar to rise “within days to the $3.00-$3.50 range.”
  3. Pratt made fraudulent claims and omissions.
Well apparently Mr. P just regrouped and registered a new domain name and launched a new site called Dinar Fund, because when we went to we got this message.

I guess old douchebags never die.  They just get a new domain name.

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