CFTC Charges Raleigh, North Carolina Man and His Company, Yellowstone Partners, Inc., with Operating a Foreign Currency Ponzi Scheme Ponzi scheme

CFTC release 5795-10 · 2010-03-16 · view on cftc.gov ↗

Key facts

Release number
5795-10
Release date
2010-03-16
Type
Ponzi scheme
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5795-10

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.