Category: fraud

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Federal Court Orders New York Man to Pay Over $3.4 Million For Forex Fraud Scheme Following Summary Judgment Ruling

Federal Court Also Sanctioned the Defendant for His Misconduct in Filing Defamatory and False Allegations Against the CFTC and Threatening CFTC Counsel August 12, 2025 WASHINGTON, D.C. — The Commodity Futures Trading Commission announced today the U.S. District Court for the Eastern District of New York entered final judgment against Daniel Winston LaMarco of New York City, imposing … Continue reading Federal Court Orders New York Man to Pay Over $3.4 Million For Forex Fraud Scheme Following Summary Judgment Ruling

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Federal Court Orders UK Firms, Residents from China, Oklahoma to Pay $19M in CFTC Fraud Case

July 24, 2025 WASHINGTON, D.C. — The Commodity Futures Trading Commission announced today the U.S. District Court for the Western District of Washington has resolved all claims the CFTC filed in its September 2024 complaint against Qian Bai and Chao Li, both residents of the People’s Republic of China, their co-conspirator Lan Bai, a resident of Oklahoma, as well as Aipu Limited and Fidefx Investments Ltd., which … Continue reading Federal Court Orders UK Firms, Residents from China, Oklahoma to Pay $19M in CFTC Fraud Case

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The Interbank Markets: CFTC Warns Public of Imposter Scam Targeting Fraud Victims

May 14, 2025 WASHINGTON, D.C. — The Commodity Futures Trading Commission is warning the public about a growing imposter scam involving individuals falsely claiming to represent the agency. Scammers are contacting members of the public and claiming to represent the CFTC Office of Inspector General. These imposters promise to help financial fraud victims recover lost funds from … Continue reading The Interbank Markets: CFTC Warns Public of Imposter Scam Targeting Fraud Victims

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CFTC Charges Syracuse, N.Y., Man, His Firm with Fraud, Misappropriation

May 08, 2025 WASHINGTON, D.C. — The Commodity Futures Trading Commission today announced it filed a complaint in the U.S. District Court for the Northern District of New York against Dean S. Dellas of Syracuse, New York, and his investment advisory company, DSD Capital Management, LLC, for fraud and misappropriation.  In its complaint, the CFTC seeks restitution, disgorgement of ill-gotten gains, … Continue reading CFTC Charges Syracuse, N.Y., Man, His Firm with Fraud, Misappropriation