We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Okla. Ponzi Schemer Hit With $16M CFTC Penalty

Law360 (March 21, 2011, 1:29 PM EDT) -- The imprisoned manager of an Oklahoma commodity pool that turned out to be a $34 million Ponzi scheme agreed Friday to pay nearly $16.3 million in combined penalties to federal regulators.

According to a consent decree filed in the U.S. District Court for the Western District of Oklahoma by Mark S. Trimble, the managing member of Oklahoma City-based Phidippides Capital Management LLC, and the U.S. Commodity Futures Trading Commission, Trimble agreed to pay just more than $9 million in restitution and a nearly $7.3 million civil penalty.

Trimble also agreed to a permanent injunction barring him from commodities and futures trading,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

map

Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.

Related

Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Oklahoma Western

Nature of Suit

Securities/Commodities

Judge

Subscribers Only

Date Filed

February 9, 2009

Government Agencies