Daniel Filho might need dodged jail time however the SEC aren’t letting their civil case go.
In a September twenty fifth Movement for Default Judgement, the SEC search to carry Filho accountable for $10.2 million {dollars}.
The SEC’s movement was filed towards Filho and DFRF Enterprises insiders Wanderley Dalman, Gaspar Jesus, Eduardo Da Silva and Romildo Da Cunha.
By the DFRF Enterprises Ponzi scheme, the SEC alleges the 5 defendants stole over $15 million {dollars} from 1400 traders.
This was achieved by Filho and his co-conspirators by operating
a fraudulent scheme involving non-existent gold mines, a non-existent line of credit score, a non-existent insurance coverage coverage, and a non-existent public providing of registered inventory.
Filho personally pocketed over $8.6 million from DFRF victims. Dalman pocketed $82,120, Jesus $87,513, Da Silva $222,755 and Da Cunha $143,000.
With prejudgment curiosity factored in, the SEC seeks to get well
- $10,269,817 from Daniel Filho;
- $98,064 from Wanderley Dalman
- $104,504 from Gaspar Jesus
- $266,006 from Eduardo Da Silva and
- $170,765 from Romildo Da Cunha
A most civil penalty has additionally been sought, owing to Filho and his cowardly associates having ‘fled the jurisdiction to keep away from the authorized penalties of their wrongdoing‘.
The SEC cites a most civil penalty of $160,000 per violation.
A call on the movement stays pending. Keep tuned…
Replace thirtieth October 2019 – On October twenty second remaining judgement was granted towards the DFRF defendants for the quantities acknowledged within the article above.
On high of these quantities, Filho was ordered to pay a further $1 million civil penalty.
Da Cunha, Dalman, Jesus, and Da Silva had been every ordered to pay a $160,000 civil penalty.