# CFTC Charges Texas Resident Willie L. Cloud, Jr. and His Investment Company, C & R Financial, with Operating a Foreign Currency Ponzi Scheme

> CFTC release 5791-10 · 2010-03-10 · **Ponzi scheme** · ENFORCEMENT

## Key facts

- **Release number:** 5791-10
- **Release date:** 2010-03-10
- **Type:** Ponzi scheme
- **Title:** CFTC Charges Texas Resident Willie L. Cloud, Jr. and His Investment Company, C & R Financial, with Operating a Foreign Currency Ponzi Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5791-10

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 5791-10, "CFTC Charges Texas Resident Willie L. Cloud, Jr. and His Investment Company, C & R Financial, with Operating a Foreign Currency Ponzi Scheme", 2010-03-10. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/cftc-action/5791-10.

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