Federal Court Imposes More than $41.2 Million in Relief and Sanctions against Idaho-based Daren L. Palmer and His Company, Trigon Group LLC, in Commodity Pool Ponzi Scheme Ponzi scheme

CFTC release 5919-10 · 2010-10-07 · view on cftc.gov ↗

Key facts

Release number: 5919-10
Release date: 2010-10-07
Type: Ponzi scheme
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5919-10

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.