# CFTC Charges Pennsylvania-based New Century Investment Management LLC and Ward Onsa of Marco Island, Florida, with Operating a Commodity Pool Ponzi Scheme

> CFTC release 6016-11 · 2011-04-07 · **Ponzi scheme** · ENFORCEMENT

## Key facts

- **Release number:** 6016-11
- **Release date:** 2011-04-07
- **Type:** Ponzi scheme
- **Title:** CFTC Charges Pennsylvania-based New Century Investment Management LLC and Ward Onsa of Marco Island, Florida, with Operating a Commodity Pool Ponzi Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/6016-11

## 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 6016-11, "CFTC Charges Pennsylvania-based New Century Investment Management LLC and Ward Onsa of Marco Island, Florida, with Operating a Commodity Pool Ponzi Scheme", 2011-04-07. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/cftc-action/6016-11.

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