Court Orders $76 Million in Civil Monetary Penalties against Keith F. Simmons, Deanna Salazar and Their Companies in Connection with Foreign Currency Ponzi Scheme Ponzi scheme

CFTC release 7205-15 · 2015-08-01 · view on cftc.gov ↗

Key facts

Release number: 7205-15
Release date: 2015-08-01
Type: Ponzi scheme
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7205-15

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.