Calif. Man To Pay CFTC $7M Over Ponzi Scheme

Law360, New York (October 19, 2011, 6:11 PM EDT) -- The U.S. Commodity Futures Trading Commission said Wednesday that a California Ponzi schemer currently serving a five-year prison sentence had agreed to pay a nearly $7 million civil penalty over the fraud.

Scott Bottolfson and his two companies, Spirit Investments Inc. and Increase Investments Inc., are jointly and severally responsible for a $6.8 million civil penalty and are banned from trading and registrations, the agency announced.

Bottolfson and the two companies agreed to the consent order, which was entered by U.S. District Judge Anthony J. Battaglia...
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Case Information

Case Title

Commodity Futures Trading Commission v. Increase Investments, Inc. et al

Case Number



California Southern

Nature of Suit



Anthony J. Battaglia

Date Filed

January 6, 2011

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