Skip to Primary Navigation

Skip to main content

Seven‑year forex Ponzi case ends with $3.5m judgment

Forex traders monitor screens
Forex traders monitor screens. Photo: Carl Court/Getty Images

Alexander Barzacanos

1 min read
 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

A judge imposed trading bans, restitution, and civil penalties on unregistered commodity pool operator GDLogix and its founder after years of apparent misconduct and legal delays.

The CFTC has announced that an Eastern District of New York federal court entered a final judgment against Daniel Winston LaMarco and his firm, GDLogix, Inc, ending almost eight years of litigation.

In 2017, the CFTC launched a civil enforcement action against LaMarco and GDLogix, accusing them of operating a Ponzi-style

, , , , ,

Get full access, free for a month

This is a Premium article. Start your 28-day free trial to continue reading and access all content on GRIP – no payment details required.

Start free trial Sign in

What’s included:

  • Every new article, plus our 5,000+ archive
  • Daily regulatory insight and guidance
  • Exclusive interviews and in-depth analysis
  • Coverage of industry-leading events and conferences
  • All podcasts and videos, featuring industry experts
  • The full set of Rules Navigator tools
  • An ad-free experience