# Federal Court Orders Oscar Hernandez and His Companies to Pay $1.4 Million in Penalties and Bars Him from the Commodities Industry for Operating a Commodity Pool Ponzi Scheme

> CFTC release 6374-12 · 2012-10-02 · **Ponzi scheme** · ENFORCEMENT

## Key facts

- **Release number:** 6374-12
- **Release date:** 2012-10-02
- **Type:** Ponzi scheme
- **Title:** Federal Court Orders Oscar Hernandez and His Companies to Pay $1.4 Million in Penalties and Bars Him from the Commodities Industry for Operating a Commodity Pool Ponzi Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/6374-12

## 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 6374-12, "Federal Court Orders Oscar Hernandez and His Companies to Pay $1.4 Million in Penalties and Bars Him from the Commodities Industry for Operating a Commodity Pool Ponzi Scheme", 2012-10-02. Retrieved via AI Analytics 2026-07-03 from https://api.ai-analytics.org/cftc-action/6374-12.

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