Operator Fine Commodity Futures Trading Commission (CFTC)· United States · 2025-08-12

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 U.S. District Court for the Eastern District of New York ordered Daniel Winston LaMarco to pay a total of $3,450,400 for a forex fraud scheme, including $862,600 in restitution and a $2,587,800 civil monetary penalty. The court also permanently enjoined LaMarco from engaging in any commodity-related activity.

Amount (EUR)

€3,172,800

Original currency

$3,450,400

Action date

2025-08-12

Authority

Commodity Futures Trading Commission (CFTC)

Country

United States

Primary source:
https://www.cftc.gov/PressRoom/PressReleases/9107-25 ↗

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