Federal Court Concludes Receivership in CFTC Ponzi Scheme Action Resulting in the Recovery of Over $1 Billion Ponzi scheme

CFTC release 8609-22 · 2022-10-17 · view on cftc.gov ↗

Key facts

Release number
8609-22
Release date
2022-10-17
Type
Ponzi scheme
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8609-22

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.