Sterling Currency Group, LLC, doing business as Sterling Currency Exchange and Dinar Banker, was one of the largest dealers of Iraqi Dinar in the United States. Founded in 2004, the company promoted the Dinar as a high-return investment, based on the unsubstantiated belief that the currency would be "revalued" by the Iraqi government, leading to enormous profits for holders. In reality, the company operated as a major mail and wire fraud conspiracy and Ponzi scheme, defrauding tens of thousands of investors out of hundreds of millions of dollars. The company was shut down following a 2015 federal raid, and its principals were subsequently convicted and sentenced to lengthy prison terms.

Founded in

United Kingdom