# CFTC Charges California Resident Scott Bottolfson with Operating a $14 Million Commodity Pool Ponzi Scheme

> CFTC release 5962-11 · 2011-01-12 · **Ponzi scheme** · ENFORCEMENT

## Key facts

- **Release number:** 5962-11
- **Release date:** 2011-01-12
- **Type:** Ponzi scheme
- **Title:** CFTC Charges California Resident Scott Bottolfson with Operating a $14 Million Commodity Pool Ponzi Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5962-11

## 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 5962-11, "CFTC Charges California Resident Scott Bottolfson with Operating a $14 Million Commodity Pool Ponzi Scheme", 2011-01-12. Retrieved via AI Analytics 2026-07-10 from https://api.ai-analytics.org/cftc-action/5962-11.

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