CFTC Charges Commodity Pool Operator Tyche Asset Management LLC and its Controlling Principal in a $6 Million Commodity Pool Ponzi Scheme Ponzi scheme

CFTC release 8700-23 · 2023-05-11 · view on cftc.gov ↗

Key facts

Release number
8700-23
Release date
2023-05-11
Type
Ponzi scheme
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8700-23

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.