The Futures Futures (CFTC) Committee launched a lawsuit against DSD Capital Management LLC. The complaint was lodged on May 7, 2025, in the Northern Provincial Court of New York.
From at least in February 2021 to at least November 2023 (the “relative period”), Dean Dellas individually and through an entity he founded, DSD Capital Management LLC, dealt with a deceitful plan through which they excluded more than $ 690,000 from their clients who had confined to their customers to manage almost all of their customers. their lives.
During the relative period, Dellas, acting as a CTA’s CTA or the CTA’s connected man and the DSD Capital, acting as CTA, has committed fraud through embezzlement and through material misleads and omissions.
The defendants dealt with extremely dangerous and ultimately unsuccessful transactions of future customer accounts without the knowledge of customers.
In addition, the defendants abused the loans at a fraudulent charge that were excessive and unjustified, given their promise to charge only pay -to -10% of earnings.
The overwhelming majority of defendants who defended defended themselves were transferred to Dellas bank accounts and either withdrawn in cash from Dellas or used Dellas to pay their personal expenses.
To maintain their continued fraud, the defendants took steps to hide and flood their behavior. Among other things, Dellas concealed the substance of the documents that direct his clients
to sign. Dellas also spoke to a customer, ordering a brokerage company to lift the restrictions he had put in capital transfers to DSD Capital and another business to stop sending customer account statements, despite the customer repeatedly asked Dellas’ statements.
The defendants are accused of violations of sections 4b (a) (1) (a) and (c) and 4th (1) (a)-(b) of the law on the exchange of basic products (“act”), 7 usc §§ 6b (a) (1) (a), (c). 6th (1) (a)-(b).
CFTC seeks urban monetary sanctions and rehabilitation of auxiliary relief, including, inter alia, transaction and registration prohibitions, rehabilitation, disconnection, interest before and after the crisis.