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Evil Corporations

Cambridge Financial Advisors scammed $3.6M from 70 people.

Aleeia
November 3, 2026
Financial Fraud

Investment Fraud · Commodity Markets

Based on CFTC enforcement records Case No. 3:23-cv-01887-E Investor deception

The short version

The CFTC’s August 2023 complaint alleged that Cambridge Financial Advisors LLC and its owner, Walter Dunning Larrick III, obtained $3,644,817.52 from at least 70 people for a purported futures and options investment pool.
The complaint alleged that $2,831,748, nearly 78% of the money deposited, was transferred to bank accounts in Costa Rica.
It also alleged that cash withdrawals, personal spending, and payments to other participants accounted for additional funds, rather than the promised commodity trading.
Cambridge’s online portal displayed detailed account statements and large purported trading gains. The CFTC alleged that the trades and earnings shown in those statements were fabricated.
The complaint said only $388,942, approximately 10% of the deposits, was returned to participants. Many withdrawal requests allegedly went unanswered or were delayed.
In a November 3, 2026 press release, the CFTC announced a default judgment imposing $9,767,625 in civil monetary penalties and $3,255,875 in restitution, along with permanent trading and registration bans.
My articles are normally much longer, but I want this to be published quickly so you’re just getting the TLDR today lmao

The CFTC alleged that the trading activity investors thought they were funding did not take place at all.

enfcambridgecomplaint082323 Download

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Aleeia

I'm Aleeia, the creator of this website.

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