Tag Archives | fraud

Dinar Counterfeiting Ring Busted

By John Lee. Authorities in Iraq have reportedly announced the arrest a gang believed to have forged Iraqi dinars worth "billions of dollars". According to The New Arab, the mafia-like network with Lebanese links was detained after a woman arrested at the Baghdad Airport confessed to involvement with counterfeiting money. (Source: The New Arab)

US Man gets 27 mths Jail for Iraq Fraud

By John Lee. A US District Court has sentenced an American man to 27 months in prison, followed by three years of supervised release, for operating two investment schemes that defrauded people of more than $200,000. Joseph T. Morris, aged 52, and two others set up a company whose initial focus was on establishing a […]

US Man Admits Iraq Scam

By John Lee. A US man has pleaded guilty in a $175,000 fraud involving fake business opportunities in Iraq. Joseph T. Morris, aged 52, pleaded guilty on Tuesday to one count of wire fraud, and according to a report from Associated Press faces up to 20 years in prison. Morris and two others set up […]

UN Warns on Fraudulent Tender Documents

Statement from UNOPS on Fraudulent Procurement-Related Documents It has come to the attention of the United Nations Office for Project Services (UNOPS) that fraudulent procurement-related documents, such as solicitation documents and purchase orders, continue to besold in Iraq for purported UNOPS projects. We are aware that one such case is related to a purported project […]

Fraudsters Promise Army Jobs in Karbala

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. An Officer but No Gentleman: Fraudsters Promise Army Jobs in Karbala Criminals in Karbala are exploiting the security crisis and expectations about military corruption by promising young men a job […]

N. Ireland Man Fined for Iraq Scam

By John Lee. A Northern-Irish businessman, who was jailed for stealing more than £500,000 in fraudulent VAT repayments, has been ordered to repay £113,472 or serve a further three years in prison. The man had claimed to be building water purification plants in Basra and Mosul, but didn’t have the funds to pay for the […]

Fake Iraqi Dinar found in Maysan

By John Lee. Maysan [Missan] police have reportedly arrested a gang producing counterfeit Iraqi dinars in the city of Amara. According to a report from NINA, the gang of three people was found in possession of fake dinars, and the case will be presented to the judiciary. (Source: NINA) (Dinar image via Shutterstock)

US Man Charged with Iraq Investment Fraud

By John Lee. A 51-year-old American has been charged in federal court with defrauding the co-founders and investors of a company out of approximately $175,000, relating to proposed investments in Iraq. Prosecutors in Connecticut assert that Joseph T. Morris claimed to have extensive military and business experience in Iraq, and was the company’s in-country manager […]