# Florida Federal Court Orders Sarasota Resident Beau Diamond and his Company, Diamond Ventures LLC, to Pay More than $4 Million in Restitution and Civil Monetary Penalties in Connection with Multi-Million Dollar Forex Fraud

> CFTC release 5971-11 · 2011-01-26 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 5971-11
- **Release date:** 2011-01-26
- **Type:** Fraud
- **Title:** Florida Federal Court Orders Sarasota Resident Beau Diamond and his Company, Diamond Ventures LLC, to Pay More than $4 Million in Restitution and Civil Monetary Penalties in Connection with Multi-Million Dollar Forex Fraud
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5971-11

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 5971-11, "Florida Federal Court Orders Sarasota Resident Beau Diamond and his Company, Diamond Ventures LLC, to Pay More than $4 Million in Restitution and Civil Monetary Penalties in Connection with Multi-Million Dollar Forex Fraud", 2011-01-26. Retrieved via AI Analytics 2026-08-17 from https://api.ai-analytics.org/cftc-action/5971-11.

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