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

> CFTC release 8609-22 · 2022-10-17 · **Ponzi scheme** · ENFORCEMENT

## Key facts

- **Release number:** 8609-22
- **Release date:** 2022-10-17
- **Type:** Ponzi scheme
- **Title:** Federal Court Concludes Receivership in CFTC Ponzi Scheme Action Resulting in the Recovery of Over $1 Billion
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/8609-22

## 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 8609-22, "Federal Court Concludes Receivership in CFTC Ponzi Scheme Action Resulting in the Recovery of Over $1 Billion", 2022-10-17. Retrieved via AI Analytics 2026-06-16 from https://api.ai-analytics.org/cftc-action/8609-22.

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