Receiver Makes $792 Million Initial Distribution to Investors in New York Defendants Paul Greenwood’s and Stephen Walsh’s $1.3 Billion Investment Ponzi Scam Charged by the CFTC and SEC Ponzi scheme
Key facts
- Release number
- 6027-11
- Release date
- 2011-04-22
- Type
- Ponzi scheme
- Primary source
- https://www.cftc.gov/PressRoom/PressReleases/6027-11
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.