Federal Court in North Carolina Enters Judgment against Ron Earl McCullough and David Christopher Mayhew in Foreign Currency Ponzi Scheme Ponzi scheme

CFTC release 7220-15 · 2015-08-29 · view on cftc.gov ↗

Key facts

Release number
7220-15
Release date
2015-08-29
Type
Ponzi scheme
Primary source
https://www.cftc.gov/PressRoom/PressReleases/7220-15

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.