Tag: Derek Springfield

sec fraud
November 13, 2017 BY LeapRate Staff

Draven LLC and owner Derek Springfield banned and fined in multi million dollar Forex fraud

The U.S. Commodity Futures Trading Commission (CFTC) has  announced that Judge David G. Campbell of U.S. District Court for the District of Arizona entered a Consent Order against Defendants Derek Springfield and his company, Draven, LLC (Draven), both of Mesa, Arizona finding that they fraudulently solicited and received at least $1.8 million from approximately 112 commodity pool participants in…

Read more
December 20, 2016 BY admin

CFTC charges Arizona man in connection with $1.5M forex trading ponzi-style scheme

The U.S. Commodity Futures Trading Commission (CFTC) filed a civil anti-fraud enforcement action in the U.S. District Court for the District of Arizona, charging Defendants Derek Springfield and his company, Draven, LLC (Draven), both of Mesa, Arizona, with engaging in fraudulent sales practices, providing false account statements to commodity pool participants, and misappropriating pool participants’ funds. In its Complaint,…

Read more