CFTC ORDERS PONZI SCHEME PARTICIPANTS WILLIAM ROGERS, MARIA TOCZYLOWSKI, AND HAROLD LUDWIG TO PAY MILLIONS; Two Former Officers of Republic New York Securities Corp. and Former Director of Princeton Global Management, Ltd., Ordered to Pay Over $14 Million in Restitution and Penalties Ponzi scheme

CFTC release 4952-04 · 2004-07-13 · view on cftc.gov ↗

Key facts

Release number: 4952-04
Release date: 2004-07-13
Type: Ponzi scheme
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4952-04

About CFTC enforcement

The CFTC charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and commodity-pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension. Crypto-asset cases have been a major share since 2019.