Prosecutors Seek to Seize Assets of Iraqi Currency Dealers

Federal authorities want to seize airplanes, homes, luxury cars and beach properties controlled by some Georgia-based corporations dealing in Iraqi currency

Flags are posted on the home of a woman who is accused of trying to join and martyr herself for the Islamic State group in Syria, Friday, April 3, 2015, in Philadelphia. AP Photo/Matt Rourke

ATLANTA—Federal authorities want to seize airplanes, homes, luxury cars and beach properties controlled by some Georgia-based corporations dealing in Iraqi currency.

In a federal complaint, prosecutors say Atlanta-based Sterling Currency Group LLC is among the largest sellers of the Iraqi dinar.

Prosecutors say the business is built on what they describe as a scam to defraud investigators hoping to cash in on a “revaluation” of the currency.