CFTC Charges Philadelphia-area Resident with Operating $50 Million Ponzi Scheme Ponzi scheme

CFTC release 5594-09 · 2009-01-09 · view on cftc.gov ↗

Key facts

Release number
5594-09
Release date
2009-01-09
Type
Ponzi scheme
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5594-09

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.