Federal Court Issues Preliminary Injunction Against Two Nevada Corporations in $20 Million Commodity Pool Ponzi Scheme Operated by Tennessee Resident, Dennis Bolze Ponzi scheme

Key facts

Release number

5642-09

Release date

2009-04-08

Type

Ponzi scheme

Primary source

https://www.cftc.gov/PressRoom/PressReleases/5642-09

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.