CFTC Charges Ronnie Gene Wilson of South Carolina and His Company, Atlantic Bullion & Coin, Inc., with Operating a $90 Million Silver Bullion Ponzi Scheme Ponzi scheme

CFTC release 6275-12 · 2012-06-07 · view on cftc.gov ↗

Key facts

Release number: 6275-12
Release date: 2012-06-07
Type: Ponzi scheme
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6275-12

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.