# Florida Federal Court Orders Claudio Aliaga and His Company, CMA Capital Management, LLC, to Pay $5.5 Million in Penalties and Restitution for Operating a Forex Ponzi Scheme

> CFTC release 6368-12 · 2012-09-28 · **Ponzi scheme** · ENFORCEMENT

## Key facts

- **Release number:** 6368-12
- **Release date:** 2012-09-28
- **Type:** Ponzi scheme
- **Title:** Florida Federal Court Orders Claudio Aliaga and His Company, CMA Capital Management, LLC, to Pay $5.5 Million in Penalties and Restitution for Operating a Forex Ponzi Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/6368-12

## 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 6368-12, "Florida Federal Court Orders Claudio Aliaga and His Company, CMA Capital Management, LLC, to Pay $5.5 Million in Penalties and Restitution for Operating a Forex Ponzi Scheme", 2012-09-28. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/cftc-action/6368-12.

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