CFTC v. US Coin Bullion LLC and its Owners (ponzi schemes, 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.

Report an error in this record (cftc-us-coin-bullion-llc-and-its-owners-ponzi-schemes-2020) by email

On January 19, 2022 the CFTC obtained an order in the Middle District of Florida against US Coin Bullion LLC, Salvatore Esposito and Joseph Esposito requiring $33,328,520.55 plus post-judgment interest. The CFTC's notice does not split the total into restitution and penalty.

The record

What was ordered

Civil penalty

—

Disgorgement

—

Prejudgment interest

—

Total relief

—

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 Commodity Futures Trading Commission announced this matter on January 10, 2020 as release 8103-20. The respondents named are US Coin Bullion LLC and its Owners (0 individuals, 1 entity). The action was brought in the U.S. District Court, Middle District of Florida.

This library tags the matter as ponzi schemes, based on the conduct the regulator describes. Each tag links to a page explaining how that technique works, what statute it engages, and what penalties comparable actions have attracted. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

The conduct is recorded against commodities.

The release references a parallel criminal proceeding. Where a criminal case exists, the civil and criminal outcomes are recorded separately, because they resolve on different standards of proof.

Outcome. A CFTC whistleblower notice of covered action (No. 2022-020, September 28, 2022) states that on January 19, 2022 the Commission obtained an order against US Coin Bullion LLC, Salvatore Esposito and Joseph Esposito in the amount of $33,328,520.55, plus post-judgment interest. The notice does not say whether the order followed a consent, a default or a trial, nor how the sum divides between restitution, disgorgement and penalty, so no money field is filled in. The underlying order itself was not opened for this check.

What technique is this, and how does it work?

This action is tagged with one technique in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

• Ponzi schemes — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2020-01-10 CFTC release published
2. 2022-01-19 Order entered against US Coin Bullion LLC and its owners (per CFTC notice)

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 notice of covered action 2022-020

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.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. submit a correction.