William D. Perkins of St. George, Utah Ordered to Pay More Than $2 Million in Sanctions in CFTC Ponzi Scheme Action Ponzi scheme

CFTC release 5644-09 · 2009-04-10 · view on cftc.gov ↗

Key facts

Release number
5644-09
Release date
2009-04-10
Type
Ponzi scheme
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5644-09

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.