Following the SEC submitting for default judgment again in February, a $17.8 million closing judgment has been made in opposition to DFRF Enterprises.
Heriberto Perez Valdes, a person defendant within the case, additionally obtained a separate $1.2 million judgment.
The SEC filed a grievance in opposition to DFRF Enterprises again in 2015.
DFRF Enterprises was a Ponzi scheme run by Daniel Filho. The SEC allege DFRF Enterprises and Filho stole over $15 million from not less than 1400 traders.
The judgment in opposition to DFRF Enterprises is made up of $15.2 million in disgorgement and $2.6 million in prejudgment curiosity.
DFRF Massachusetts and DFRF Florida will moreover pay $775,000 in civil penalties every.
In tandem with the SEC’s civil motion, the DOJ pursued a felony case in opposition to Filho.
In July 2018 Filho was declared incompetent to face trial although, ensuing within the fees in opposition to him being dismissed.
Studying between the traces, I imagine the SEC case judgment basically strips Filho of any ill-gotten positive aspects.
Heriberto Perez Valdes was a supervisor of DFRF Massachusetts.
Valdes’ judgment is for $551,403, $106,437 in prejudgment curiosity and a $551,403 civil penalty.
Throughout DFRF Enterprises’ operations, Valdes was based mostly out of Florida. His present whereabouts are unknown.
Valdes’ DFRF Enterprises co-defendants seem to have additionally gone into hiding.
Each DFRF Enterprises and Valdes have fourteen days to fulfill judgment.
Valdes’ clock started on Could thirteenth and is already up. DFRF Enterprises has till June nineteenth.