Canada issues DFRF Enterprises investment fraud warning
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 mogul reveals the secrets of his success, addresses slander in the media and shares what moves him to manage more than 50 businesses around the world, providing more than 10,000 jobs.
Arguably the most successful Brazilian on United States soil, the Sao Paulo businessman Daniel Filho is what you might call a workaholic.
A man who regularly exchanges hours of sleep for online meetings with members of his companies across the planet.
Trouble is, outside of the many spammy press-releases DFRF Enterprises published all over the internet, I was unable to independently verify the existence of such an award.
Brushing off criticism of his global Ponzi empire, Filho’s press-release states
As with any successful business, Daniel’s efforts have been attacked by numerous competitors who have launched fake websites and published unfounded accusations about him and his thriving companies.
“It does not bother me. My business is going from strong to stronger and my friends, my family, my clients and my employees know all the good that we generate and provide people in need,” said the businessman.
I think one can safely say it’s highly likely that this is an award Filho likely bestowed upon himself.
At the time of publication, DFRF Enterprises have yet to issue a formal response to the BSSC’s warning, either on their website or through regular social media channels.
Interesting… There’s an article that claimed Daniel Fernandez Rojo Filho, is “Brazilian Foreign Minister of the Sinaloa Cartel”
Can’t be anybody else, can it?
I don’t think Daniel Fernandez Rojo Filho is a particularly common name.
Lol this guy’s awesome.
On behalf of BehindMLM I’d like to award Daniel Filho our first ever “Champion ambassador galactic supreme leader of investment fraud within the known galaxy” award.
Ceremony details TBA.
Apparently our buddy Filho walks arm in arm with the narco cartel in Sinaloa.
Well he does own, what is it, eleventy billion companies around the world?
Statistically a drug cartel is bound to be mixed up in there somewhere.
How do you think Filho pulls of that Skeletor look….
As for the magazine… there apparently *is* a magazine called “Fama” (fame) in Brazil. However, I can’t seem to find its website.
Plot twist: Daniel Filho owns Fama!
Here’s Mr. Filho himself in an article also of Proceso
All I got on “Revista Fama” is a wordpress site that haven’t been updated in 3 months, and an address on Yelp.
Dude’s got him mum ridin’ shotgun, shit’s going down!
Why do I have the feeling we’re going to be reading about all of this in a complaint filed sometime soon…
well, apparently filho has been anointed the ‘brazilian personality of the year’ by none other than FAME magazine in its april 2015 publication.
(Ozedit: This is what happens when you don’t read the article…)
oops! sorry 🙂
how come british columbia has noticed filho and DFRF, but massachusetts cant?
filho is blatantly running his ponzi from mass, inspite of there being a RICO suit against him, it’s all over the press, and still no action.
filho was awarded the title of ‘brazilian chancellor to USA’ by a sidey award distributing group in sao paulo:
silly awards and paid fake press, and skeletor can keep working his ‘evil plan’.
This Regino Barros guy is just outrageous. He uses his political influence to provide “titles” to those scammers. He himself is a scammer: he tried to launch one called “Unos”.
He was also behind that “tribute” to Sann Rodrigues that would have been held inside a hall of the Brazilian Senate but was canceled hours before being carried out due to some complaints.
You can read more here (in PT-BR):
Company launched in the Senate promises profits of BRL 67,000 and leaves associates in the lurch
Tribute to Telexfree leader in the Senate is canceled
Wait, it’s the SAME GUY that tried to “honor” Sanderley?
Same crooks, different scams. Darn. The circle’s smaller than I thought. Wonder how much did it cost for that little “honor”?
Picking the pockets of the last missinformed canadians while you can… lol.
Watch out PatrickPretty ! Teehee
I’ve only just started watching that vid… but public company where?
“DFRF” is not coming up in an SEC Edgar database search.
Filho was talking about the SEC a few months ago, what’s the bet they’ve instead registered in some unregulated hidey-hole?
Liquidating the DFRF account (because there’s no funds left to pay out), and converting it to stocks by June 3rd.
Even if theses guys haven’t registered with the SEC, they need to if they’re issuing shares because it’s unregistered securities otherwise.
This answer should be good…
LOL! You can’t hide public filings from the Edgar database, either you’re registered in the US or you’re not.
And how the fuck are DFRF investors going to “liquidate” their DFRF investments into stock, without knowing the code or the name of the company they’ve now purchased stock in?
So much bullshit… it’s to much. I have to stop watching.
Oz, I think the content of the vídeo itself is not a big deal. Bs as usual.
What really matters IMHO is the TIMMING it was made and released… Like I mentioned early this is Just propaganda stuff to induce canadians to enter in the scam. And is targetting those who DlDN’T SEE YET THE CANADIAN SEC WARNING that you mention in your article above….
So what is Master plan ?
He knows is doomed and soon it will b stopped by force (intervention/seizure). So he is just grabbing as much money as he can, while vomiting these bs about next month this, july that…
In his previous scam (EMS) he openned SO MANNY ACCOUNTS and broke the money in SO MANY TRANSFERS that is likely that even with all the seizures and forfeitures, he was able to grab a few millions…
filho said in the US, but the symbol is not DFRF so people cannot search for it, and he will reveal the stock symbol only on june 3rd for ‘security reasons’. why? is he expecting a terrorist attack on his stock symbol?
uh, currently he has no payment processor in place, because they were having ‘problems’ with their current processor about limits for investments and withdrawals so DFRF ‘decided’ to dump the processor!
then DFRF scouted the market for a new payment processor, and checked out about a hundred of them, but er, none could satisfy the particular requirements of DFRF .
so, filho just went and bought a private payment processor!
yeah, now he’s in the process of printing ‘thousands’ of debit cards for his members. rejoice!
without a payment processor, it’s obvious the 15% monthly returns are not being paid out to members. filho has the excuse of – be patient we’re converting your investments to ‘stocks’ and printing ‘cards’ for our personal payment processor.
of course members can still Pay In using their credit/debit cards!
so, he may have registered a new company with the SEC under form D exception.
if people send him authorization to convert their investments to stock, they will lose all their money because the stock will be worthless.
at that point they cant ask for their money back. this moment now, is the window they have to ask filho to give their money back to them, and they should absolutely Not authorize him to convert their money into his dustbin stock.
if filho does not return investments, it is time to report him to the SEC, who he may be hoodwinking by registering under a new company name.
this guy filho, is not just a greedy huckster, he has a criminal mind.
Lolwut? Now Daniel Filho reckons he’s ‘been appointed the title of Brazilian Chancellor to the United States’.
I just find it ironic that DFRF is just ONE letter from from DFRE (dinero facil rapido effectivo, Spanish for “money, easy, fast, cash”) a Colombian pyramid scheme that’s even LARGER than DMG Grupo by David Murcia.
The leader disappeared and was never found. Nobody know if he managed to get away and living quietly somewhere, or got buried somewhere with a bullet.
Breaking news: SEC just charged DFRF as a ponzi scheme, Source: PPBLOG
Oh they got him. On it, standby.