Topic
ponzi
7 stories
Texas Trader and His Firm Hit With $13 Million Default Judgment in CFTC Commodities Fraud Case
A federal court entered a default judgment ordering Walter Dunning Larrick III and Cambridge Financial Advisors to pay more than $13 million over a commodities fraud that misappropriated over $3 million from participants.
Court Hits Louisiana Forex Operator With $9.2 Million Penalty in Ponzi-Style Fraud
A federal court ordered Louisiana forex operator Michael DePetrillo and two companies to pay a $9.2 million penalty for a Ponzi-like scheme that misappropriated more than $3 million from retail traders.
Court Orders EminiFX and Founder Eddy Alexandre to Pay $288 Million Over Crypto Ponzi Scheme
A federal court ordered EminiFX and its founder Eddy Alexandre to pay more than $288 million over a crypto and forex Ponzi scheme that took in over $262 million from tens of thousands of investors in eight months.
CFTC Sues Cash FX Group Over Alleged $950M Forex Ponzi That Promised 15% Weekly Returns
The CFTC sued Cash FX Group, its CEO Huascar Jose Lopez Castillo, and three others on September 25, 2026, alleging a $950 million forex Ponzi scheme that promised up to 15% weekly returns and left participants down at least $406 million.
SEC Charges Two Bay Area Fund Executives Over $80M Ponzi-Like Scheme
The SEC charged two former Pacific Private Money Group executives with running a Ponzi-like scheme that raised over $80 million from roughly 190 mostly retired investors, with recoverable assets now estimated below $17 million.
SEC charges three Toms River men over $47 million affinity fraud aimed at Orthodox Jewish investors
The SEC says Leor Moshe raised about $47 million from more than 87 investors for a business-lending fund that mostly wasn't, with two unregistered recruiters bringing in $23 million of it.
CFTC Sues North Carolina Trader Over Alleged $14M Ponzi-Style Commodity Pool
The CFTC filed a fraud complaint on July 7, 2026 against North Carolina trader Trevor L. Vernon and his firm Argent Capital Management, alleging a $14 million Ponzi-like commodity pool that faked profits from 2022 to 2026.