CFTC v. Aaron Michael Scott and BMC Worldwide, Inc. (2018)

Settled

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In October 2018 the CFTC sued Aaron Michael Scott of Portland and his company Blue Moon Coins over alleged non-delivery of gold and silver to more than 130 customers. Scott consented to an order, signed on 17 December 2020 and announced in April 2021, requiring $1,381,461.86 in restitution and permanently barring him from CFTC registration and trading; he had received a four-year prison sentence in 2019.

The record

What was ordered

Civil penalty

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Disgorgement

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Prejudgment interest

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Total relief

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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 filed the complaint in the Western District of Washington, announced October 3, 2018 (release 7822-18). It alleges that from October 2013 to April 2014 Scott and Blue Moon claimed to hold or to buy metals for orders, kept little or no inventory, and misappropriated most of the money. Some customer funds went to refund or fill other customers' orders, which the release describes as in the nature of a Ponzi scheme, a side detail of a non-delivery fraud. The CFTC asked for restitution, disgorgement, a penalty and bans.

The CFTC's press release of 27 April 2021 and the court's consent order show how the case ended. The order, which the Western District of Washington signed on 17 December 2020, resolves all charges against Scott without a trial, permanently enjoins him from violating the Commodity Exchange Act, bars him from registering with the CFTC and from trading in commodity interests, and requires restitution of $1,381,461.86 to defrauded customers. In the parallel criminal case Scott pleaded guilty to wire fraud and on 5 April 2019 was sentenced to four years in prison (48 months). The press release mentions no civil penalty, and restitution has no dedicated field in this record, so the money fields stay empty. The order names Scott only; the dissolved company BMC Worldwide is not addressed in what we read.

Timeline

1. 2018-10-03 CFTC release published
2. 2020-12-17 Court signs consent order against Scott (restitution of $1,381,461.86, permanent injunction and bans)
3. 2021-04-27 CFTC announces the consent order

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
• Consent order against Aaron Michael Scott
• CFTC press release 8384-21

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.