Page 42 - 期货和衍生品行业监管动态（2022年10月）

期货和衍生品行业监管动态

The Commodity Futures Trading Commission today announced the successful
conclusion of the receivership in CFTC v. Walsh, et al., a $1.3 billion Ponzi scheme

case the CFTC filed in 2009. On September 19, the U.S. District Court for the

Southern District of New York approved the receiver’s final account and report,

discharged the receiver, and accepted the receiver’s request to deposit the remaining

receivership funds with the court.

During the receivership, over $1 billion was returned to investors in a

commodity pool operated by defendants Paul Greenwood and Stephen Walsh,

constituting 100% of all approved investor claims. The court-appointed receiver for

this matter was Robb Evans & Associates LLC.

The order follows the entry of final judgments against Walsh and Greenwood on

November 13, 2019 and November 19, 2019, respectively. The assets marshalled in
this case include over $88 million in funds clawed back from fully redeemed investors,

a $14 million horse farm in North Salem, N.Y., a collection of antique teddy bears

sold at auction at Christie’s for over $3.7 million, and an estate in Sands Point, N.Y.

“As this long-standing litigation demonstrates, where customers are egregiously

harmed by greedy fraudsters who misappropriate funds entrusted to them, the CFTC

is resolute in its commitment to protecting customers and achieving justice,” said

Acting Director of Enforcement Gretchen Lowe. “I commend our dedicated staff, the

court-appointed receiver and our cooperative enforcement partners for their hard and

sustained work to conclude this matter. The cooperative enforcement effort in this

case, resulting in restitution to all customers of over 100% of their initial investment

totaling over $1 billion, demonstrates the high degree of success that comes from

working with fellow regulators, self-regulatory organizations, and criminal

authorities.”

Case Background

The CFTC complaint, filed in the U.S. District Court for the Southern District of

New York on February 25, 2009, charged Greenwood and Walsh, both residents of

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