Court Orders Jeffery A. Lowrance and His Company to Pay More than $4.5 Million for Operating Foreign Currency Ponzi Scheme Ponzi scheme

CFTC release 6134-11 · 2011-11-05 · view on cftc.gov ↗

Key facts

Release number
6134-11
Release date
2011-11-05
Type
Ponzi scheme
Primary source
https://www.cftc.gov/PressRoom/PressReleases/6134-11

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.