# CFTC Charges Alan James Watson, Michael S. Potts and Cash Flow Financial LLC with Defrauding Customers in $45 Million Commodity Pool Ponzi Scheme

> CFTC release 6002-11 · 2011-03-16 · **Ponzi scheme** · ENFORCEMENT

## Key facts

- **Release number:** 6002-11
- **Release date:** 2011-03-16
- **Type:** Ponzi scheme
- **Title:** CFTC Charges Alan James Watson, Michael S. Potts and Cash Flow Financial LLC with Defrauding Customers in $45 Million Commodity Pool Ponzi Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/6002-11

## 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 6002-11, "CFTC Charges Alan James Watson, Michael S. Potts and Cash Flow Financial LLC with Defrauding Customers in $45 Million Commodity Pool Ponzi Scheme", 2011-03-16. Retrieved via AI Analytics 2026-07-06 from https://api.ai-analytics.org/cftc-action/6002-11.

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