Iraqi currency scam suspect back in court - 13abc.com Toledo (OH) News, Weather and Sports

Iraqi currency scam suspect back in court

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  • Thursday, September 20 2012 6:37 PM EDT2012-09-20 22:37:58 GMT
    An indictment unsealed Thursday that shows four men are facing federal charges accused of running a $24 million fraud scheme here in the Toledo area.  The scheme allegedly involved the sale of Iraqi currency
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TOLEDO, Ohio -

A suspect in a scam that allegedly took more than $24 million was back in court today.

Bradford Huebner is one of four men charged with taking U.S. money and turning it into Iraqi dinar.

Two other Ohioans, Michael Teadt and Charles Emmenecker were also indicted yesterday.

They bailed out today. The men pitched that the money would turn into millions of dollars when Iraq's economy bounced back.

They're also accused of trying to lure people into investing in bogus hedge funds.

Huebner was in court today for a detention hearing for charges his attorney, Stephen Hartman, says don't add up.  "He's been a business man here in Toledo for his whole life. He went to the University of Toledo. He's a Vietnam War veteran. He's been an upstanding member of the community for 40 years here."

The fourth man charged is Rudolph Coenen of Florida, Investigators say he posed as a wounded Iraq war veteran. But authorities say he never served there and wasn't injured in combat either.

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