In what appears to be the result of the first confirmed regulatory investigation into DFRF Enterprises, the British Columbia Securities Commission has issued an investor fraud warning.

In an alert issued on May 6th, the Commission warned the general public ‘
not to purchase memberships or other securities of DFRF Enterprises LLC, DFRF Enterprises Ltd., or other companies associated with Daniel Fernandez Rojo Filho.
‘

For those unfamiliar with the scheme, DFRF Enterprises solicit minimum $10,000 investments on the promise of ongoing 15% a month ROIs.

Accusing the scheme of non-payment, two investors
filed a RICO lawsuit against the firm
back in February.

The BCSC has become aware that Filho is offering investments to British Columbians with returns of up to 15% per month.

Filho is also promising that DFRF will soon be listed on a public stock exchange, after which the value of members’ investments will triple within 30 days.

Members will continue to receive up to 15% per month on their investment.
These returns are economically impossible.

Also, when selling securities, it is illegal to represent that those securities will be listed on an exchange without certain conditions being met.

This of course isn’t the first time Daniel Filho has brushed up against regulators. A 2009 enforcement action in Florida saw Filho
return millions of dollars in assets
he stole from victims through Evolution Market Group.

Other claims being made by Filho include:

investors’ principal is guaranteed and safe

investor funds are held offshore

he manages $144 billion in assets

the company is extracting ten tonnes of gold per month from its mining properties in Mali, Africa

25% of the profits are donated to social and humanitarian causes

existing members who refer new members are paid commissions of 10%

Several of these claims are characteristic of investment fraud.

DFRF Enterprises’ legal advisor in the US is a one Mr. Darren Covar, a former FBI special agent with the Florida Division of Alcoholic Beverages and Tobacco.

In a DFRF Enterprises promotional video shot late last year, Covar
represented himself as having extensive Ponzi scheme investigation experience
. The extent to which Ponzi schemes cross over with the alcohol and tobacco industries however is unclear.

In any event, we look forward to Covar’s response to the BCSC’s investment fraud warning.

In the meantime,

The BCSC urges investors/members, sales agents, or members of the public who have been approached or have information about DFRF Enterprises LLC, DFRF Enterprises Ltd or Daniel Filho to contact the BCSC inquiries line at 604-899-6854 or 1-800-373-6393 (toll free).

In related DFRF Enterprises news, Daniel Filho (right) was only last month awarded “Brazilian Personality of the Year”.

May 4, 2015 / In the April 2015 issue of FAME magazine, Daniel Fernandes Rojo Filho of DFRF Enterprises LLC has been named Brazilian Personality of the Year.

In a candid interview the business mo

🤖 Quick Answer

What is DFRF Enterprises and why did British Columbia issue a fraud warning?
DFRF Enterprises LLC and associated companies, linked to Daniel Fernandez Rojo Filho, operated an investment scheme soliciting minimum $10,000 investments with promised returns of 15% monthly. The British Columbia Securities Commission issued a fraud alert on May 6th after investigating non-payment accusations and protecting investors from this unregistered securities operation.

What legal action has been taken against DFRF Enterprises?
Two investors filed a RICO lawsuit against DFRF Enterprises in February, alleging non-payment of promised returns. The British Columbia Securities Commission subsequently issued an official investor fraud warning, advising the public against purchasing memberships or securities from the company and its associated entities.

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