The Commodity Futures Trading Commission (CFTC) has secured Court orders against Damian Castilla, DCAST Capital Investments LLC and Five Traders LLC.
The orders, issued by the U.S. District Court for the Southern District of Florida, resolve the CFTC’s May 17, 2022 lawsuit and find the defendants liable for defrauding over 50 pool participants by fraudulently soliciting investments and misappropriating pool participants’ funds. The orders also resolve CFTC charges that the defendants made false statements to the CFTC during its investigation.
The orders require the defendants to pay $2,687,440 in restitution to those defrauded as well as $3,350,000 in disgorgement. The orders also require Castilla to pay a $3 million civil monetary penalty and DCAST Capital and Five Traders, collectively, to pay a $10,050,000 civil monetary penalty. Additionally, the orders enjoin…
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