# Federal Court Orders Ohio Resident and Multi-Million Dollar Ponzi Scheme Fraudster Permanently Banned from Trading and Registering with the CFTC

> CFTC release 8420-21 · 2021-08-27 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 8420-21
- **Release date:** 2021-08-27
- **Type:** Fraud
- **Title:** Federal Court Orders Ohio Resident and Multi-Million Dollar Ponzi Scheme Fraudster Permanently Banned from Trading and Registering with the CFTC
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/8420-21

## 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 8420-21, "Federal Court Orders Ohio Resident and Multi-Million Dollar Ponzi Scheme Fraudster Permanently Banned from Trading and Registering with the CFTC", 2021-08-27. Retrieved via AI Analytics 2026-07-15 from https://api.ai-analytics.org/cftc-action/8420-21.

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