CFTC Charges Several People and Companies in a $145 Million Ponzi Scheme Ponzi scheme

CFTC release 8665-23 · 2023-02-23 · view on cftc.gov ↗

Key facts

Release number
8665-23
Release date
2023-02-23
Type
Ponzi scheme
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8665-23

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.