Honolulu-based Marvin Cooper and His Company, Billion Coupons, Inc., Ordered to Pay More than $6.2 Million in Sanctions in Connection with Ponzi Scheme Targeting the Deaf Community Ponzi scheme

Key facts

Release number

5884-10

Release date

2010-09-03

Type

Ponzi scheme

Primary source

https://www.cftc.gov/PressRoom/PressReleases/5884-10

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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.