CFTC Settles Charges against Ronnie Gene Wilson of South Carolina and His Company, Atlantic Bullion and Coin, for Operating a Multi-Million Dollar Silver Bullion Ponzi Scheme Ponzi scheme

CFTC release 6524-13 · 2013-03-01 · view on cftc.gov ↗

Key facts

Release number: 6524-13
Release date: 2013-03-01
Type: Ponzi scheme
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6524-13

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.