ATLANTA (AP) — Three Atlanta area men who ran a currency exchange business have been convicted of fraud.
The U.S. attorney’s office in Atlanta said in a news release Wednesday that Tyson Rhame and James Shaw of Atlanta and Frank Bell of Decatur were convicted of charges including mail and wire fraud.READ MORE: Authorities Have Identified The Suspect Who Attacked Author Salman Rushdie
Rhame and Shaw owned and operated Sterling Currency Group, which prosecutors say was once one of the largest U.S. sellers of the Iraqi dinar. Bell was chief operating officer.READ MORE: Anne Heche's Son Mourns His Mother
Prosecutors say Sterling brought in more than $600 million from currency sales between 2010 and 2015, and Rhame and Shaw received more than $180 million in distributions.
Prosecutors say the men worked to convince investors they would get rich by investing in the dinar, including by spreading false information about the Iraqi currency.MORE NEWS: Trump Lawyer Claimed No Classified Material Was At Mar-A-Lago In Signed Letter To The Justice Department