# Federal Court Orders Chicago Resident Christopher Varlesi to Pay over $1.3 Million to Settle Ponzi Scheme Fraud and Misappropriation Action

> CFTC release 6619-13 · 2013-06-26 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 6619-13
- **Release date:** 2013-06-26
- **Type:** Fraud
- **Title:** Federal Court Orders Chicago Resident Christopher Varlesi to Pay over $1.3 Million to Settle Ponzi Scheme Fraud and Misappropriation Action
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/6619-13

## 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 6619-13, "Federal Court Orders Chicago Resident Christopher Varlesi to Pay over $1.3 Million to Settle Ponzi Scheme Fraud and Misappropriation Action", 2013-06-26. Retrieved via AI Analytics 2026-07-18 from https://api.ai-analytics.org/cftc-action/6619-13.

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