# New York Federal Court Orders Staten Island Resident Jeffrey Shalhoub and Jeff Shalhoub Investments to Pay More than $700,000 in Connection with a Commodity Futures Ponzi Scheme

> CFTC release 5993-11 · 2011-03-02 · **Ponzi scheme** · ENFORCEMENT

## Key facts

- **Release number:** 5993-11
- **Release date:** 2011-03-02
- **Type:** Ponzi scheme
- **Title:** New York Federal Court Orders Staten Island Resident Jeffrey Shalhoub and Jeff Shalhoub Investments to Pay More than $700,000 in Connection with a Commodity Futures Ponzi Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5993-11

## 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 5993-11, "New York Federal Court Orders Staten Island Resident Jeffrey Shalhoub and Jeff Shalhoub Investments to Pay More than $700,000 in Connection with a Commodity Futures Ponzi Scheme", 2011-03-02. Retrieved via AI Analytics 2026-07-05 from https://api.ai-analytics.org/cftc-action/5993-11.

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