# U.S. Attorney Follows CFTC Civil Complaint with Filing of a Criminal Information Against George D. Hudgins of Nacogdoches, Texas for Operating a Commodities Ponzi Scheme

> CFTC release 5523-08 · 2008-07-29 · **Ponzi scheme** · ENFORCEMENT

## Key facts

- **Release number:** 5523-08
- **Release date:** 2008-07-29
- **Type:** Ponzi scheme
- **Title:** U.S. Attorney Follows CFTC Civil Complaint with Filing of a Criminal Information Against George D. Hudgins of Nacogdoches, Texas for Operating a Commodities Ponzi Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5523-08

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 5523-08, "U.S. Attorney Follows CFTC Civil Complaint with Filing of a Criminal Information Against George D. Hudgins of Nacogdoches, Texas for Operating a Commodities Ponzi Scheme", 2008-07-29. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/cftc-action/5523-08.

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