The Ottumwa Courier

March 18, 2014

Protect your money

By JOSH VARDAMAN
Courier staff writer

---- — JEFFERSON COUNTY — The Jefferson County Sheriff’s Office is warning community members about a possible scam involving foreign exchange of the Iraqi currency Dinar.

According to a press release issued by the Jefferson County Sheriff’s Office, they have been contacted by concerned citizens about the scam, and they are offering advice and help for anyone affected.

In the news release, the sheriff’s office included a warning off the U.S. Commodity Futures Trading Commission (CFTC) website, cftc.gov, dealing with foreign currency trading (Forex) fraud.

The warning displays possible signs of a fraudulent sales pitch, like a salesperson asking for personal information or dangling the prospect of gaining extreme wealth by investing in the Dinar. It also discusses the dangers of participating in Forex trading, and that anyone who decides to participate should fully understand what Forex trading is.

The CFTC said that in recent years there has been a sharp rise in Forex trading scams, and putting money that citizens can't afford to lose, like a retirement fund, toward Forex trading is very dangerous.

Anyone who is aware of suspicious activities or believes they have been defrauded is urged by the Jefferson County Sheriff's Office to contact the CFTC immediately by calling 866-366-2382 or going to their website.

— To see reporter Josh Vardaman's Twitter feed, go to @CourierJosh