Tag: 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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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

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Federal Court Orders Unregistered Pool Operator and its President to Pay Over $11 Million for Forex Fraud

April 26, 2024 Washington, D.C. — The Commodity Futures Trading Commission today announced Judge Linda V. Parker of the U.S. District Court for the Eastern District of Michigan issued an order of default judgment and a permanent injunction against Darren Robinson, a former resident of Miami, Florida, and his firm The QYU Holdings Inc. (QYUHI), a Wyoming corporation with … Continue reading Federal Court Orders Unregistered Pool Operator and its President to Pay Over $11 Million for Forex Fraud

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Federal Court Orders California Man and His Company to Pay $9 Million in Restitution and Penalties for Forex Fraud

(Reprint from the Commodity Futures Trading Commission) April 15, 2024 Washington, D.C. — The Commodity Futures Trading Commission today announced the entry of a consent order in the U.S. District Court for the Eastern District of California imposing restitution and a civil monetary penalty against Eshaq M. Nawabi, d/b/a/ Nawabi Enterprise, and Hyperion Consulting Inc. The order requires the defendants to pay … Continue reading Federal Court Orders California Man and His Company to Pay $9 Million in Restitution and Penalties for Forex Fraud