CFTC Charges Connecticut Resident Feisal Sharif with Operating a $5.4 Million Commodity Pool Ponzi Scheme and Misappropriating at least $900,000 of Pool Participants’ Funds Ponzi scheme

CFTC release 6424-12 · 2012-11-28 · view on cftc.gov ↗

Key facts

Release number: 6424-12
Release date: 2012-11-28
Type: Ponzi scheme
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6424-12

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.