CFTC v. Storm Bryant, Elijah Bryant III, et al. (2021)

Judgment entered

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In October 2021 the CFTC sued Storm Bryant, Elijah Bryant III and three North Carolina companies over an alleged forex fraud. On October 28, 2024 the Western District of North Carolina granted summary judgment, ordering $1,329,619.85 in restitution, a $3,988,859.55 civil monetary penalty and permanent trading and registration bans.

The record

What was ordered

Civil penalty

$4m

Disgorgement

—

Prejudgment interest

—

Total relief

$4m

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 October 8, 2021 (release 8446-21) in the Western District of North Carolina, alleging a forex solicitation fraud that took money from clients, with a small Ponzi-like element. The slug carries no technique tag.

Outcome: the court's order, signed October 28, 2024, granted summary judgment and a permanent injunction, and CFTC release 9016-24 (December 11, 2024) describes it. The order finds the defendants received $1,993,414.58 from 233 clients and misappropriated it, paid about $663,795 back as apparent returns, and that the three LLCs acted as unregistered commodity trading advisors. It orders joint and several restitution of $1,329,619.85 and a civil monetary penalty of $3,988,859.55, and permanently bans the individuals and companies from CFTC-regulated trading and registration. The order resolves the action against all five named defendants. The release records no sentence in the parallel criminal matter flagged on this record, and none is stated here.

Timeline

1. 2021-10-08 CFTC release published
2. 2024-10-28 Order granting summary judgment and permanent injunction

Primary documents

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

• CFTC release
• CFTC order or complaint
• CFTC order or complaint
• CFTC release 9016-24 (summary judgment)
• Court order granting summary judgment (Oct. 28, 2024)

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.

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.