CFTC Charges Two North Carolina Residents and their Company, PMC Strategy, LLC, with Fraudulently Soliciting at least $669,000 in Foreign Currency Ponzi Scheme Fraud

CFTC release 5983-11 · 2011-02-15 · view on cftc.gov ↗

Key facts

Release number: 5983-11
Release date: 2011-02-15
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5983-11

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.