Rather than front up to court and fight a lost cause, DFRF Enterprises defendant Jeffrey Feldman has settled.
Feldman, a previously convicted felon, was one of five DFRF Enterprises
sued by the SEC
back in 2015.
He was the front man for the company’s non-existent Ponzi insurance claims.
Feldman’s settlement with the SEC was reached on January 7th. It was only filed with the court on January 29th, hence the delay in reporting.
As per Feldman’s settlement, he’ll return just $15,000 out of a $151,131 judgement. Feldman also dodged a civil penalty.
The reduced judgement amount and lack of civil penalty are based on Feldman’s current financial situation – as represented to the SEC via submitted documents and sworn statements.
Feldman’s settlement marks the end of the SEC’s civil proceedings against DFRF Enterprises and owner Daniel Filho.
I’m not expecting any further developments so this will likely mark the end of BehindMLM’s coverage of DFRF too.
Thanks for reading!
🤖 Quick Answer
Who is Jeffrey Feldman and what was his role in the DFRF Enterprises fraud?Jeffrey Feldman, a previously convicted felon, served as the front man for DFRF Enterprises' non-existent Ponzi insurance claims scheme. He was one of five defendants sued by the SEC in 2015 for his involvement in the fraudulent operations of the company.
What settlement did Feldman reach with the SEC?
Feldman settled with the SEC on January 7th, agreeing to return $15,000 of the $151,131 judgement against him. The settlement included no civil penalty, with reduced terms based on Feldman's documented financial circumstances and sworn statements submitted to regulators.
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