# CFTC Charges Four Operators for $44 Million Bitcoin Ponzi and Misappropriation Schemes

> CFTC release 8498-22 · 2022-03-08 · **Ponzi scheme** · ENFORCEMENT

## Key facts

- **Release number:** 8498-22
- **Release date:** 2022-03-08
- **Type:** Ponzi scheme
- **Title:** CFTC Charges Four Operators for $44 Million Bitcoin Ponzi and Misappropriation Schemes
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/8498-22

## 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 8498-22, "CFTC Charges Four Operators for $44 Million Bitcoin Ponzi and Misappropriation Schemes", 2022-03-08. Retrieved via AI Analytics 2026-07-09 from https://api.ai-analytics.org/cftc-action/8498-22.

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