CFTC Charges North Carolina Foreign Currency Firm CapitalStreet Financial LLC and its Principal Sean F. Mescall with Operating a $1.3 Million Forex Ponzi Scam Ponzi scheme

CFTC release 5714-09 · 2009-09-10 · view on cftc.gov ↗

Key facts

Release number: 5714-09
Release date: 2009-09-10
Type: Ponzi scheme
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5714-09

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.