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US CFTC secures order for ex-New York resident to pay $288 million

By Thomson Reuters Oct 19, 2026 | 2:12 PM

WASHINGTON, Oct 19 (Reuters) – The ​US ‌Commodity Futures Trading Commission ‌said ​on ⁠Monday ⁠it secured court orders requiring ​a ⁠former ⁠New York ​resident ​and his firm ‌to pay more ⁠than $288 million for operating ⁠a ‌commodity ⁠pool Ponzi ​scheme.

(Reporting ‌by Daphne ​Psaledakis ⁠and Bhargav Acharya;Editing by David ​Ljunggren)