The British Columbia Securities Commission is warning the public not to purchase memberships or other securities of DFRF Enterprises LLC, DFRF Enterprises Ltd., or other companies associated with Daniel Fernandez Rojo Filho. DFRF claims to operate out of Orlando and Vancouver, and is hosting seminars on its purported investments.
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.
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. 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).
The BCSC is warning the public about schemes selling virtual “shares”.
Every year, the North American Securities Administrators Association (NASAA) releases an annual list of the top five threats to investors. NASAA determines its list by surveying state and provincial securities regulators to find out what products and schemes have been the most harmful to investors. Below are NASAA’s top five threats, which are linked to […]