Notice of Hearing

DFRF Enterprises LLC (DFRF Massachusetts), DFRF Enterprises, LLC (DFRF Florida), Daniel Fernandes Rojo Filho, Heriberto C. Perez Valdes,

(together, the US Principals)

Monita Hung Mui Chan, Sabrina Ling Huei Wei, Justin Colin Villarin,

Marie Joy Vincent, and James Bernard Law

(together, the BC Participants)

(collectively, the Respondents)

Section 161 of the Securities Act, RSBC 1996, c. 418

1. The British Columbia Securities Commission (Commission) will hold a hearing (Hearing) at which the Executive Director will tender evidence, make submissions and apply for orders against the Respondents under sections 161, 162 and 174 of the Securities Act, RSBC 1996, c. 418 (the Act), based on the following facts:
   
   Summary
   
   1.  Daniel Rojo Fernandes Filho (Filho) orchestrated a fraudulent Ponzi and pyramid scheme that involved selling membership units in DFRF Massachusetts and DFRF Florida (together, DFRF) to investors in the United States and around the world.
   
   2.  Filho deceived investors by claiming that investment in DFRF membership units (Investments) would produce extraordinary, no risk returns from DFRF’s lucrative gold mining operations (Filho’s Fraud).
   
   3.  Heriberto C. Perez Valdes (Valdes) was one of the central figures who helped execute Filho’s Fraud. Filho and Valdes resided in the United States.
   
   4.  A United States court found that the US Principals violated United States laws by committing securities fraud. Based on these findings, the Executive Director is applying for orders against the US Principals under section 161(1), pursuant to section 161(6)(b) of the Act.
   
   5.  The BC Participants promoted the Investments in British Columbia and elsewhere when they knew, or reasonably ought to have known the Investments were part of a fraud being perpetrated by Filho. In doing so, they participated in Filho’s Fraud and contravened section 57(b) of the Act. Alternatively, they made statements that they knew, or reasonably ought to have known, were misrepresentations and thereby contravened section 50(1)(d) of the Act.
   
   6.  Sabrina Ling Huei Wei (Wei) further contravened section 57(b) of the Act, when she diverted some of the investor funds, intended for DFRF, to an account that she controlled and used that money for her own benefit.

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