# Federal Court in South Carolina Orders Ronald E. Satterfield and Nicholas and Patricia Bos to Pay over $7.5 Million for Fraud in Connection with a Forex Ponzi Scheme

> CFTC release 6258-12 · 2012-05-17 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 6258-12
- **Release date:** 2012-05-17
- **Type:** Fraud
- **Title:** Federal Court in South Carolina Orders Ronald E. Satterfield and Nicholas and Patricia Bos to Pay over $7.5 Million for Fraud in Connection with a Forex Ponzi Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/6258-12

## 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 6258-12, "Federal Court in South Carolina Orders Ronald E. Satterfield and Nicholas and Patricia Bos to Pay over $7.5 Million for Fraud in Connection with a Forex Ponzi Scheme", 2012-05-17. Retrieved via AI Analytics 2026-05-21 from https://api.ai-analytics.org/cftc-action/6258-12.

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