- Associated Press - Friday, October 31, 2014

TOLEDO, Ohio (AP) - A federal judge has sentenced two northwest Ohio businessmen to prison for an alleged multimillion-dollar fraud scheme involving the sale of Iraqi currency and nonexistent hedge funds.

The judge on Thursday sentenced 67-year-old Bradford Huebner (HEEB’-nur) of Ottawa Hills to 87 months for his convictions, including wire fraud and conspiracy to commit wire fraud. Sixty-seven-year-old Charles Emmenecker of Sylvania was sentenced to 33 months for single counts of those two charges.

The Blade newspaper (https://bit.ly/1wNxhPw ) reports they apologized in court and received sentences significantly shorter than the federal guidelines. Their attorneys argued the men were duped by another defendant who was sentenced earlier.

The judge called Huebner “a scammer who got scammed.”

Huebner says they thought that it was a good investment and that Iraq eventually would revalue the currency.


Information from: The Blade, https://www.toledoblade.com/

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