# Federal Court Orders North Carolina Resident Michael Anthony Jenkins and his Company, Harbor Light Asset Management, to Pay over $5.2 Million for Solicitation Fraud, Misappropriation, and Embezzlement in a Ponzi Scheme

> CFTC release 6855-14 · 2014-02-12 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 6855-14
- **Release date:** 2014-02-12
- **Type:** Fraud
- **Title:** Federal Court Orders North Carolina Resident Michael Anthony Jenkins and his Company, Harbor Light Asset Management, to Pay over $5.2 Million for Solicitation Fraud, Misappropriation, and Embezzlement in a Ponzi Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/6855-14

## 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 6855-14, "Federal Court Orders North Carolina Resident Michael Anthony Jenkins and his Company, Harbor Light Asset Management, to Pay over $5.2 Million for Solicitation Fraud, Misappropriation, and Embezzlement in a Ponzi Scheme", 2014-02-12. Retrieved via AI Analytics 2026-07-07 from https://api.ai-analytics.org/cftc-action/6855-14.

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