Theye charged with 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 solicited members of the public to invest millions of dollars in two commodity pools, known as RYCO Group

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