CFTC v. Casper Mikkelsen (2020)

Judgment entered

Checked against the primary document on October 4, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

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The CFTC announced on April 8, 2022 that the Southern District of New York entered a final judgment against Danish resident Casper Mikkelsen, ordering $1,191,286 in restitution and a $3,573,860 penalty and permanently barring him from trading.

The record

Structured fields for this action, as recorded in our case library.
Agency	CFTC
Release number	8164-20
Date filed	2020-05-18
Date resolved	2022-04-08
Court	U.S. District Court, Southern District of New York
Status	judgment
Asset class	crypto
Criminal parallel	No
Bars imposed	permanent trading ban
Defendants	Casper Mikkelsen (individual)
Techniques

What was ordered

Civil penalty: $3.6m
Disgorgement: —
Prejudgment interest: —
Total relief: $3.6m
Alleged gain: —

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The CFTC announced the complaint on May 18, 2020 (release 8164-20) in the Southern District of New York, charging fraud and registration violations. The release says paying some clients purported profits is typical of a Ponzi scheme, a detail within a misappropriation fraud.

The Ponzi tag is removed, and the trading ban, once only sought, is now recorded as imposed; the title called him an unnamed Danish man.

Outcome. CFTC release 8512-22 (April 8, 2022) reports an order and final judgment that permanently prohibits Mikkelsen from trading commodity interests and orders restitution of $1,191,286 and a penalty of $3,573,860, which the release describes as triple his gain. The order found that clients invested at least $1,536,782 with GNTFX and that he misappropriated it and was unregistered. The release does not say whether the judgment was by default or consent, and the entry date is not stated, so the release date is used. Restitution is not a separate field here.

Timeline

2020-05-18 CFTC release published
2022-04-08 CFTC announces final judgment against Casper Mikkelsen

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Same matter

The library links these 2 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.

Date filed	Agency	Record	Status
2020-05-18	CFTC	CFTC v. Casper Mikkelsen (2020)(this record)	Judgment entered
2022-04-08	CFTC	CFTC v. Danish (ponzi schemes, 2022)	Judgment entered

This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Record added September 10, 2026. submit a correction.