Federal Court Orders Nearly $17.5 Million In Sanctions against Naples, Florida Resident Dorian Garcia And His Companies For Solicitation Fraud, Misappropriation, And Registration Violations In Operating A Ponzi Scheme - Garcia Sentenced To 78 Months In Prison And A Forfeiture Of Over $3 Million In A Parallel Criminal Case

The U.S. Commodity Futures Trading Commission (CFTC) today announced that the U.S. District Court for the Middle District of Florida entered a final Judgment on June 28, 2016, requiring DefendantsDorian Garcia and his companies, DG Wealth Management (DG Wealth), Macroquantum Capital LLC,UKUSA Currency Fund, and DG Wealth’s successor, Quanttra LP, all of Naples, Florida, jointly to pay restitution totaling $5,051,052 to defrauded investors victimized in a Ponzi scheme they operated from 2010 to 2015.  The Judgment also requires the Defendants jointly to pay a $7.5 million civil monetary penalty and to disgorge $4,948,571 in ill-gotten gains.