Tuesday, January 18, 2011

1-18-11 Topguner chat from yesterday

Highlights/Thoughts
Click on the title of this posting to get to the details of the chat on 1DFA

The most important part of this posting has to do with what Homeland security may do to your funds after you exchange. They may hold your funds for up to 2 weeks so they can investigate. See below. Looks like Ali is recommending a ledger to ledger transfer of the funds instead of a wire transfer.

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Subject: New rules from the Homeland Security within the last 48 hours. Friends - please do your own Due Diligence. New rules from the Homeland Security within the last 48 hours. For those that are cashing in dinar and request that funds be WIRED from Dinar Trade into your bank account (or LLC account), the banks are required to hold those funds for 1-2 weeks to provide Homeland Security time to investigate the transaction. Ledger to Ledger Transfers If, on the other hand, you request that Dinar Trade do a "Ledger-to-Ledger" transfer of funds (meaning from within the same bank, i.e.: from a Bank of America account to another BOA account), then this hold does NOT apply. Dinar Trade also has existing relationships with all of the major banks (Chase, Wells Fargo, BOA, etc.) and is able to perform ledger to ledger transfers within those banks.

Was sent this:
[*******] Branch manager at Wells Fargo told me today that a ledger to ledger transfer is not for huge amounts of money and that the amount of money I was talking about would be a regular wire transfer. He also said that if the transfer was from a currency trader in the USA in US funds he would not foresee a hold on the funds.

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