MESA, ARIZONA PONZI SCHEME OPERATOR, RONALD STEPHEN HOLT, HELD IN CIVIL CONTEMPT FOR REFUSING TO REVEAL LOCATION OF VICTIMS' FUNDS; Court Orders Holt Jailed After 'Show Cause' Hearing; Action Stems from CFTC Antifraud Charges Brought Against Holt in September 2003 Ponzi scheme

CFTC release 4975-04 · 2004-08-17 · view on cftc.gov ↗

Key facts

Release number: 4975-04
Release date: 2004-08-17
Type: Ponzi scheme
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4975-04

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.