# CFTC Charges Juvenal Machado and Florida-based Invers Forex, LLC with Defrauding Foreign Currency Customers of Almost $800,000 in Ponzi Scheme

> CFTC release 6057-11 · 2011-06-25 · **Ponzi scheme** · ENFORCEMENT

## Key facts

- **Release number:** 6057-11
- **Release date:** 2011-06-25
- **Type:** Ponzi scheme
- **Title:** CFTC Charges Juvenal Machado and Florida-based Invers Forex, LLC with Defrauding Foreign Currency Customers of Almost $800,000 in Ponzi Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/6057-11

## 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 6057-11, "CFTC Charges Juvenal Machado and Florida-based Invers Forex, LLC with Defrauding Foreign Currency Customers of Almost $800,000 in Ponzi Scheme", 2011-06-25. Retrieved via AI Analytics 2026-07-09 from https://api.ai-analytics.org/cftc-action/6057-11.

---

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