The CFTC closed Dale's complaint against Augusta in late 2019, claiming it lacked jurisdiction, yet in May 2023 the CFTC and SEC jointly sued Red Rock Secured (founded by an Augusta vice president) for $60 million for operating identically to Augusta, despite the earlier complaint having been filed years before Red Rock even existed.
causalpending
Speaker
Dale WhitakerEvidence Quote
“the cftc closed my uh case and said they didn't have jurisdiction so fast forward that was in 20 late 2019 fast Florida 2023 um shade his name is shade Kelly he had started a company called Red Rock secured operating ex exactly the same way as Augusta did um and the cftc and the SEC filed joint suit against him for $60 million”
Created: 8/13/2026, 9:55:37 AM
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