In this interview from three years ago Rudy says that he trades the mark. http://www.youtube.com/watch?v=m1-ryajHTxE (16-19 minutes in) Problem is the mark was replaced by the euro as the official currency of Germany 15 years ago. How did we miss that? The guy sounded so convincing. It seems that we were fixated on his apparent expertise and didn't bother to factcheck what he was saying. Lesson learned. When you hear a guru sharing their vast knowledge of all things financial with you in a conference call, blogtalk broadcast, video presentation, or YouTube video just remember that this guy Rudolph Coenen was indicted and convicted for defrauding dinar investors. Among the lies he told were:
- He served and was wounded in Desert Storm
- He served as VP of foreign currencies at J. P. Morgan Chase
- The currency reform plan of the CBI is a revaluation
- He was establishing a hedge fund for dinar investors for post-RV investments
I have to admit that I was fooled for awhile. Not everybody was taken in by Rudy, however. One of my readers who goes by DaveD called him a fraud long before the authorities took action. In this thread he posted by the name of Stew and called the douchebag on his BS.
While we're at it, we might as well go back and listen to some calls conducted by the alleged co-conspirators Brad Huebner and Charlie Emmenecker, who are once again awaiting trial on similar charges.
$23.8 million in dinar sales would equal over 10,000 people if the average purchase was 2 million dinar. That's a lot of people to defraud, don't you agree? No doubt many of them bought after listening to Rudy on their calls. (They've removed the Rudy calls from their archives for obvious reasons.)
Once again we see the need to stick with verifiable facts rather than following gurus. It's your money, folks. Be careful with it.
Merry Christmas and a happy and prosperous new year to one and all (except for the scammers).