Federal Court in Georgia Orders over $10 Million in Sanctions against Defendant Eldon A. Gresham in Forex Ponzi Scheme Ponzi scheme

Key facts

Release number

6268-12

Release date

2012-06-01

Type

Ponzi scheme

Primary source

https://www.cftc.gov/PressRoom/PressReleases/6268-12

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.