# CFTC Charges New York Man in Multi-Million Dollar Digital Asset Ponzi Scheme Involving Bitcoin and Ether

> CFTC release 8356-21 · 2021-01-26 · **Ponzi scheme** · ENFORCEMENT

## Key facts

- **Release number:** 8356-21
- **Release date:** 2021-01-26
- **Type:** Ponzi scheme
- **Title:** CFTC Charges New York Man in Multi-Million Dollar Digital Asset Ponzi Scheme Involving Bitcoin and Ether
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/8356-21

## 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 8356-21, "CFTC Charges New York Man in Multi-Million Dollar Digital Asset Ponzi Scheme Involving Bitcoin and Ether", 2021-01-26. Retrieved via AI Analytics 2026-07-16 from https://api.ai-analytics.org/cftc-action/8356-21.

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