October 11, 2011
The U.S. Commodity Futures Trading Commission said Tuesday that a Texas federal judge had ordered CRW Management LP and its founder, Ponzi scheme convict Ray M. White, to pay more than $19 million to the government and to victims of his foreign currency fraud.
September 29, 2011
A Texas race car driver whose career was subsidized by his imprisoned father's $10.9 million Ponzi scheme agreed to give up $322,000 in ill-gotten gains on Tuesday in a suit brought by securities regulators over the scam.
May 26, 2011
A Texas man on Tuesday was sentenced to 10 years in prison for operating a Ponzi scheme through his company CRW Management LP that solicited at least $10.9 million from more than 250 investors, ostensibly to perform foreign exchange trading.