CFTC v. Beatty, Peak Capital Management Group (ponzi schemes, 2014)

Judgment entered

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In September 2014 the CFTC ordered Scott A. Beatty and Peak Capital Management Group, Inc. to pay $641,000 in restitution and a $1 million civil penalty for forex fraud, including Ponzi-style payments, and for lying to the CFTC during its investigation.

The record

What was ordered

Civil penalty

$1m

Disgorgement

—

Prejudgment interest

—

Total relief

$1m

Alleged gain

$825k

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 order finds that from January 2011 to April 2014 the two took about $825,000 from at least 49 Japanese customers for managed forex accounts, lost about $71,000 trading, misappropriated $641,000, and paid fabricated profits to customers in the manner of a Ponzi scheme. It also finds Beatty made three false written statements to the CFTC, and it permanently bars both from the industry. The headline figure of over $1.6 million adds restitution to the penalty.

The record carried descriptive phrases as the names.

This library tags the matter as ponzi schemes because the document describes payments to earlier participants made from later participants' money. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

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. 2014-09-30 CFTC release published

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

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.