Jack Smiley has been arrested and is currently in the Kootenai County Jail with a $100,000 bond. He has been charged with Grand Theft, General Fraud, Commodity Fraud, and 2 counts of Forgery.
These criminal charges have been brought by the Kootenai County prosecutor.
Thursday, September 10, 2009
Tuesday, September 8, 2009
Distribution Order
Judge Mitchell has approved distribution of the Dinars, and has ordered the Receiver to distribute Dinars to all investors. The Department of Finance will not be converting the Dinars to dollars and sending out US Currency. All investors will receive Dinars.
The Receiver was able to sell some of Smiley's property, and has a small cash balance on hand. This will be used to pay for shipping. If there is any money left over once all costs have been paid, Judge Mitchell has ordered the receiver to pay this out to investors at the same ratio as the Dinar distribution. Thus, it is possible that investors may receive a small check at a later date. Keep your addresses current with the Department until the entire process is complete.
The Receiver is beginning to distribute the Dinars. Given that well over a hundred separate shipments must be made, probably close to two hundred, and the associated count and arrangements for tracking the shipments, it will take the Receiver at least a few days, and probably more, to complete all shipments.
For those investors who choose to do so, you may call the Receiver and make arrangements to travel to Boise to pick up your Dinars. Do not just show up here and ask for Dinars, call in advance and make an appointment. The Dinars are stored in a bank vault and must be retrieved and counted before they can be handed over.
The Receiver is Tim Martin, at (208) 332-8079.
The Receiver was able to sell some of Smiley's property, and has a small cash balance on hand. This will be used to pay for shipping. If there is any money left over once all costs have been paid, Judge Mitchell has ordered the receiver to pay this out to investors at the same ratio as the Dinar distribution. Thus, it is possible that investors may receive a small check at a later date. Keep your addresses current with the Department until the entire process is complete.
The Receiver is beginning to distribute the Dinars. Given that well over a hundred separate shipments must be made, probably close to two hundred, and the associated count and arrangements for tracking the shipments, it will take the Receiver at least a few days, and probably more, to complete all shipments.
For those investors who choose to do so, you may call the Receiver and make arrangements to travel to Boise to pick up your Dinars. Do not just show up here and ask for Dinars, call in advance and make an appointment. The Dinars are stored in a bank vault and must be retrieved and counted before they can be handed over.
The Receiver is Tim Martin, at (208) 332-8079.
Thursday, September 3, 2009
Receiver Report
We faxed the receiver report to the judge today. Once he signs it, the Department will begin to distribute Dinars.
The Department proposed that investors who wish to pick up their Dinars may make arrangements with the Dept. to travel to Boise to recieve their Dinars. Dinars not picked up will be mailed by registered mail to the investors. These two proposals must first be approved by the Judge before the Dept. can move ahead with this plan.
Due to logistical difficulties, the Dept. will not be converting the Dinars to dollars. The Dept. will deliver Dinars to all investors, and it is up to the individual investor to convert them into dollars.
Mr. Smiley bought his Dinars through the web site Dinartrade.com. The Dept spoke with the owner of Dinartrade.com, and he expressed that he is willing to repurchase the Dinars. This is one option to convert.
The Dept. cannot and does not vouch for Dinartrade.com, and makes no representation about the site's or the owner's reliability or honesty. The Dept. is not recommending that you use Dinartrade.com. On the other hand, the Dept is not recommending that you do not use Dinartrade.com.
Simply put, the Dept knows very little about Dinartrade.com and cannot make any recommendation, one way or the other, about the site or its owner.
The Department proposed that investors who wish to pick up their Dinars may make arrangements with the Dept. to travel to Boise to recieve their Dinars. Dinars not picked up will be mailed by registered mail to the investors. These two proposals must first be approved by the Judge before the Dept. can move ahead with this plan.
Due to logistical difficulties, the Dept. will not be converting the Dinars to dollars. The Dept. will deliver Dinars to all investors, and it is up to the individual investor to convert them into dollars.
Mr. Smiley bought his Dinars through the web site Dinartrade.com. The Dept spoke with the owner of Dinartrade.com, and he expressed that he is willing to repurchase the Dinars. This is one option to convert.
The Dept. cannot and does not vouch for Dinartrade.com, and makes no representation about the site's or the owner's reliability or honesty. The Dept. is not recommending that you use Dinartrade.com. On the other hand, the Dept is not recommending that you do not use Dinartrade.com.
Simply put, the Dept knows very little about Dinartrade.com and cannot make any recommendation, one way or the other, about the site or its owner.
Subscribe to:
Posts (Atom)
