USA: Ponzi Scheme operator to pay more than $1.7 million
On February 02, 2012 U.S. Commodity Futures Trading Commission (CFTC) announced that the commission obtained a federal court order requiring Anthony Eugene Linton of Tucson, Ariz., doing business as The Private Trading Pool (PTP), to pay a total of $1,776,610 in restitution, disgorgement, and a civil monetary penalty for defrauding investors in a commodity pool Ponzi scheme involving off-exchange foreign currency trading (forex). The order, entered by US District Court Judge Frank R. Zapata of the U.S. District Court for the District of Arizona on January 30, 2012, stems from a CFTC complaint filed in January 2011, charging Linton with fraud and misappropriation in connection with the scheme (see CFTC Release 5970-11, January 24, 2011).
The original article can be found at U.S. Commodity Futures Trading Commission.
