Federal Court Orders Charlotte, NC, Couple and Their Companies to Pay $24 Million for Defrauding Customers in Foreign Currency Ponzi Scheme Ponzi scheme

CFTC release 6133-11 · 2011-11-04 · view on cftc.gov ↗

Key facts

Release number
6133-11
Release date
2011-11-04
Type
Ponzi scheme
Primary source
https://www.cftc.gov/PressRoom/PressReleases/6133-11

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.