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

News Corporate Finance & M&A Sanctions & Fines

Date: 12th Aug, 2025 Source: Commodity Futures Trading Commission (CFTC) Country: USA Original Source

Brief

"On August 12, 2025, the Commodity Futures Trading Commission (CFTC) announced that a US District Court in New York ordered Daniel Winston LaMarco to pay $3.4 million for forex fraud and commodity pool operator fraud. The judgment requires LaMarco to pay restitution of $862,600 and a civil monetary penalty of $2.5878 million."

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Commodity Futures Trading Commission (CFTC)

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

Brief

Commodity Futures Trading Commission (CFTC)

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