# Federal Court in Texas Orders Richard D. Theye to Pay More than $6.2 Million for Defrauding Investors in a Multi-Million Dollar Ponzi Scheme

> CFTC release 6046-11 · 2011-05-20 · **Ponzi scheme** · ENFORCEMENT

## Key facts

- **Release number:** 6046-11
- **Release date:** 2011-05-20
- **Type:** Ponzi scheme
- **Title:** Federal Court in Texas Orders Richard D. Theye to Pay More than $6.2 Million for Defrauding Investors in a Multi-Million Dollar Ponzi Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/6046-11

## 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 6046-11, "Federal Court in Texas Orders Richard D. Theye to Pay More than $6.2 Million for Defrauding Investors in a Multi-Million Dollar Ponzi Scheme", 2011-05-20. Retrieved via AI Analytics 2026-06-30 from https://api.ai-analytics.org/cftc-action/6046-11.

---

*[CFTC actions dataset](/datasets/cftc-actions) · CC0 1.0*