# CFTC Charges Patrick Rakotonanahary and Cyber Market Group LLC with Operating a Multi-Million Dollar Ponzi Scheme in Hawaii and Elsewhere in the U.S.

> CFTC release 5797-10 · 2010-03-17 · **Ponzi scheme** · ENFORCEMENT

## Key facts

- **Release number:** 5797-10
- **Release date:** 2010-03-17
- **Type:** Ponzi scheme
- **Title:** CFTC Charges Patrick Rakotonanahary and Cyber Market Group LLC with Operating a Multi-Million Dollar Ponzi Scheme in Hawaii and Elsewhere in the U.S.
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5797-10

## 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 5797-10, "CFTC Charges Patrick Rakotonanahary and Cyber Market Group LLC with Operating a Multi-Million Dollar Ponzi Scheme in Hawaii and Elsewhere in the U.S.", 2010-03-17. Retrieved via AI Analytics 2026-05-21 from https://api.ai-analytics.org/cftc-action/5797-10.

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