Alan James Watson, Cash Flow Financial LLC, and Michael S. Potts Ordered to Pay More than $91.9 Million in Final Disposition of Commodity Pool Ponzi Scheme Case Ponzi scheme

CFTC release 7267-15 · 2015-10-21 · view on cftc.gov ↗

Key facts

Release number: 7267-15
Release date: 2015-10-21
Type: Ponzi scheme
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7267-15

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.