# Following a Bench Trial, Federal Court in Florida Orders Defendants William and Gregory Center to Pay Millions in Restitution and Civil Monetary Penalties for Operating a $28.4 Million Ponzi Scheme

> CFTC release 6593-13 · 2013-05-24 · **Ponzi scheme** · ENFORCEMENT

## Key facts

- **Release number:** 6593-13
- **Release date:** 2013-05-24
- **Type:** Ponzi scheme
- **Title:** Following a Bench Trial, Federal Court in Florida Orders Defendants William and Gregory Center to Pay Millions in Restitution and Civil Monetary Penalties for Operating a $28.4 Million Ponzi Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/6593-13

## 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 6593-13, "Following a Bench Trial, Federal Court in Florida Orders Defendants William and Gregory Center to Pay Millions in Restitution and Civil Monetary Penalties for Operating a $28.4 Million Ponzi Scheme", 2013-05-24. Retrieved via AI Analytics 2026-06-24 from https://api.ai-analytics.org/cftc-action/6593-13.

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