Seeking Victim Information in QYU Holdings Investment Scheme Investigation
Seeking Victim Information in QYU Holdings Investment Scheme Investigation
The FBI’s Detroit Field Office is seeking to identify potential victims of QYU Holdings and related entities (“QYU”). Darren Robinson, a principal and operator of QYU, was recently charged with wire fraud in violation of 18 U.S.C. § 1343.
According to the criminal complaint against Robinson, beginning in at least 2010 and continuing through June 2023, QYU purported to be “boutique professional trading firm which specialize[d] in the commodities and foreign exchange markets.” According to QYU investor solicitation materials, QYU did not charge a management fee, rather, the company earned a 30% “performance fee,” paid from the trading profits earned. It is alleged that investors were led to believe that the entire amount of their investment would be used for trading activity. Instead, investor funds were allegedly used to pay distributions to other investors, pay QYU’s business expenses, compensate QYU’s client managers and employees, and fund Robinson’s lifestyle. The use of new investor funds to pay returns to prior investors is characteristic of Ponzi fraud schemes.
If you believe you were potentially victimized by QYU or have information relevant to this investigation, please fill out this short form.
If you know of someone else who has possibly been victimized by QYU, please encourage them to complete the form themselves.
The FBI is legally mandated to identify victims of federal crimes it investigates. Victims may be eligible for certain services, restitution, and rights under federal and/or state law. Your responses are voluntary but may be useful in the federal investigation and to identify you as a potential victim. Based on the responses provided, you may be contacted by the FBI and asked to provide additional information.
A complaint is merely an allegation. The defendant is presumed innocent until proven guilty beyond a reasonable doubt.
