The Commodity Futures Trading Commission (CFTC) has secured a Court order imposing heavy penalties on Darren Robinson, a former resident of Miami, Florida, and his firm The QYU Holdings Inc (QYUHI).
The relevant order was signed earlier this week by Judge Linda V. Parker of the Michigan Eastern District Court.
Robinson and QYUHI must pay restitution to defrauded customers, jointly and severally, in the amount of $5,923,515.37, plus post-judgment interest.
The defendants must pay a civil monetary penalty, jointly and severally, in the amount of $5,923,515.37 (“CMP Obligation”), plus post-judgment interest,
The order brings to a close a case brought by the CFTC in September 2023.
The complaint charged Robinson and QYUHI with fraud, registration, and books and records…
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