# Federal Court Enters Preliminary Injunctions Against South Carolina Defendant Ronald E. Satterfield, His Companies and Michigan Resident Nicholas Bos, Charged with Operating a Multi-Million Dollar Foreign Currency Ponzi Scheme

> CFTC release 5938-10 · 2010-11-24 · **Ponzi scheme** · ENFORCEMENT

## Key facts

- **Release number:** 5938-10
- **Release date:** 2010-11-24
- **Type:** Ponzi scheme
- **Title:** Federal Court Enters Preliminary Injunctions Against South Carolina Defendant Ronald E. Satterfield, His Companies and Michigan Resident Nicholas Bos, Charged with Operating a Multi-Million Dollar Foreign Currency Ponzi Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5938-10

## 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 5938-10, "Federal Court Enters Preliminary Injunctions Against South Carolina Defendant Ronald E. Satterfield, His Companies and Michigan Resident Nicholas Bos, Charged with Operating a Multi-Million Dollar Foreign Currency Ponzi Scheme", 2010-11-24. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/cftc-action/5938-10.

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