Theye charged with multimillion-dollar Ponzi scheme
CFTC charges Austin man with defrauding investors in a multimillion-dollar Ponzi scheme
The US Commodity Futures Trading Commission (CFTC) has obtained a federal default judgement order requiring Richard Theye of Austin, Texas to pay more than $6.2 million in fines for operating a commodity pool Ponzi scheme.
On June 1, 2010, Theye and his company, Micind Capital Management, were charged with fraud for a scheme alleged to have started in December 2005. The charge states Theye
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