CFTC Charges Charlottesville, Virginia Man with Stealing $1 Million From Investors in a Ponzi Scheme Involving More than $10 Million Ponzi scheme

CFTC release 5632-09 · 2009-03-11 · view on cftc.gov ↗

Key facts

Release number
5632-09
Release date
2009-03-11
Type
Ponzi scheme
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5632-09

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.