Judge sides with CFTC, deems OHM and Klima commodities in case involving crypto 'Ponzi'-like scheme

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CFTC News

Sam Ikkurty

A judge sided with the CFTC and ordered an Oregon man and his company to pay over $120 million in what the agency called a 'Ponzi'-like scheme.

An Illinois district judge sided with the U.S. Commodity Futures Trading Commission and ordered an Oregon man and his company to pay over $120 million, partially in restitution, to victims in what the agency called a "Ponzi"-like scheme.

Judge Rowland's move to deem OHM and Klima as commodities may not hold that much weight at all beyond establishing the CFTC's jurisdiction over the case.

 

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