{"id":132429,"date":"2024-07-05T11:30:16","date_gmt":"2024-07-05T08:30:16","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=132429"},"modified":"2024-07-04T18:15:17","modified_gmt":"2024-07-04T15:15:17","slug":"court-orders-84-million-repayment-in-crypto-ponzi-scheme","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/","title":{"rendered":"Court Orders $84 Million Repayment in Crypto Ponzi Scheme"},"content":{"rendered":"<p>The Illinois District Court <strong><a href=\"https:\/\/www.courtlistener.com\/docket\/63321228\/369\/commodity-futures-trading-commission-v-sam-ikkurty\/\" target=\"_blank\" rel=\"nofollow\">ruled<\/a><\/strong> against Ikkurty and his firms, mandating a restitution payment of $83,757,249 and disgorgement of $36,967,285, offset by any restitution paid.<\/p>\n<p>Ikkurty operated entities including Jafia LLC, Ikkurty Capital, Rose City Income Fund, and Seneca Ventures. He promised investors high returns, such as a 15% annual income from proof of stake mining and potential gains of up to 2,708% from a $100 investment.<\/p>\n<p>The court found he failed to deliver any net profits, instead running a scheme that redistributed funds from new investors to earlier ones, resembling a Ponzi scheme.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/bahamas-ready-to-introduce-cbdc-in-2-years\/\" title=\"Bahamas Ready to Introduce CBDC in 2 Years\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/pexels-bahamas-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bahamas Ready to Introduce CBDC in 2 Years<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The Commodity Futures Trading Commission (CFTC) charged Ikkurty in 2022 for not registering as a commodity pool operator and running a fraudulent commodity pool.<\/p>\n<p>Ikkurty argued he wasn\u2019t under CFTC regulation or court jurisdiction, but the court affirmed its authority, stating it had federal question jurisdiction under the Commodity Exchanges Act.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A U.S. federal court has ordered Sam Ikkurty, a fraudulent crypto hedge fund owner, to repay nearly $84 million to investors deceived by his Ponzi-like scheme.<\/p>\n","protected":false},"author":3,"featured_media":132430,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[26],"tags":[],"class_list":["post-132429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocrime"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Court Orders $84 Million Repayment in Crypto Ponzi Scheme<\/title>\n<meta name=\"description\" content=\"A U.S. federal court has ordered Sam Ikkurty, a fraudulent crypto hedge fund owner, to repay nearly $84 million to investors deceived...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Court Orders $84 Million Repayment in Crypto Ponzi Scheme\" \/>\n<meta property=\"og:description\" content=\"A U.S. federal court has ordered Sam Ikkurty, a fraudulent crypto hedge fund owner, to repay nearly $84 million to investors deceived...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoDnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-05T08:30:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/fraud-scam5066.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"792\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Alexander Stefanov\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexander Stefanov\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/\"},\"author\":{\"name\":\"Alexander Stefanov\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5\"},\"headline\":\"Court Orders $84 Million Repayment in Crypto Ponzi Scheme\",\"datePublished\":\"2024-07-05T08:30:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/\"},\"wordCount\":150,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/fraud-scam5066.webp\",\"articleSection\":[\"Crypto Crime\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/#respond\"]}],\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptodnes.bg\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/\",\"url\":\"https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/\",\"name\":\"Court Orders $84 Million Repayment in Crypto Ponzi Scheme\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/fraud-scam5066.webp\",\"datePublished\":\"2024-07-05T08:30:16+00:00\",\"description\":\"A U.S. federal court has ordered Sam Ikkurty, a fraudulent crypto hedge fund owner, to repay nearly $84 million to investors deceived...\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/#primaryimage\",\"url\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/fraud-scam5066.webp\",\"contentUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/fraud-scam5066.webp\",\"width\":1280,\"height\":792},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptodnes.bg\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Court Orders $84 Million Repayment in Crypto Ponzi Scheme\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\",\"url\":\"https:\/\/cryptodnes.bg\/en\/\",\"name\":\"CryptoDnes EN\",\"description\":\"Crypto News, Bitcoin Analysis and More\",\"publisher\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptodnes.bg\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#organization\",\"name\":\"CryptoDnes EN\",\"url\":\"https:\/\/cryptodnes.bg\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg\",\"contentUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg\",\"caption\":\"CryptoDnes EN\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5\",\"name\":\"Alexander Stefanov\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/img-14e616677-d70d-4267-b0f4-a7b978fc81a3-96x96.webp\",\"contentUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/img-14e616677-d70d-4267-b0f4-a7b978fc81a3-96x96.webp\",\"caption\":\"Alexander Stefanov\"},\"url\":\"https:\/\/cryptodnes.bg\/en\/author\/alex100oo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Court Orders $84 Million Repayment in Crypto Ponzi Scheme","description":"A U.S. federal court has ordered Sam Ikkurty, a fraudulent crypto hedge fund owner, to repay nearly $84 million to investors deceived...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/","og_locale":"en_US","og_type":"article","og_title":"Court Orders $84 Million Repayment in Crypto Ponzi Scheme","og_description":"A U.S. federal court has ordered Sam Ikkurty, a fraudulent crypto hedge fund owner, to repay nearly $84 million to investors deceived...","og_url":"https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/","og_site_name":"CryptoDnes EN","article_published_time":"2024-07-05T08:30:16+00:00","og_image":[{"width":1280,"height":792,"url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/fraud-scam5066.webp","type":"image\/webp"}],"author":"Alexander Stefanov","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Alexander Stefanov","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/#article","isPartOf":{"@id":"https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/"},"author":{"name":"Alexander Stefanov","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5"},"headline":"Court Orders $84 Million Repayment in Crypto Ponzi Scheme","datePublished":"2024-07-05T08:30:16+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/"},"wordCount":150,"commentCount":0,"publisher":{"@id":"https:\/\/cryptodnes.bg\/en\/#organization"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/fraud-scam5066.webp","articleSection":["Crypto Crime"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/#respond"]}],"copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/cryptodnes.bg\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/","url":"https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/","name":"Court Orders $84 Million Repayment in Crypto Ponzi Scheme","isPartOf":{"@id":"https:\/\/cryptodnes.bg\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/#primaryimage"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/fraud-scam5066.webp","datePublished":"2024-07-05T08:30:16+00:00","description":"A U.S. federal court has ordered Sam Ikkurty, a fraudulent crypto hedge fund owner, to repay nearly $84 million to investors deceived...","breadcrumb":{"@id":"https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/#primaryimage","url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/fraud-scam5066.webp","contentUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/fraud-scam5066.webp","width":1280,"height":792},{"@type":"BreadcrumbList","@id":"https:\/\/cryptodnes.bg\/en\/court-orders-84-million-repayment-in-crypto-ponzi-scheme\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptodnes.bg\/en\/"},{"@type":"ListItem","position":2,"name":"Court Orders $84 Million Repayment in Crypto Ponzi Scheme"}]},{"@type":"WebSite","@id":"https:\/\/cryptodnes.bg\/en\/#website","url":"https:\/\/cryptodnes.bg\/en\/","name":"CryptoDnes EN","description":"Crypto News, Bitcoin Analysis and More","publisher":{"@id":"https:\/\/cryptodnes.bg\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptodnes.bg\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/cryptodnes.bg\/en\/#organization","name":"CryptoDnes EN","url":"https:\/\/cryptodnes.bg\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/","url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg","contentUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg","caption":"CryptoDnes EN"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5","name":"Alexander Stefanov","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/image\/","url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/img-14e616677-d70d-4267-b0f4-a7b978fc81a3-96x96.webp","contentUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/img-14e616677-d70d-4267-b0f4-a7b978fc81a3-96x96.webp","caption":"Alexander Stefanov"},"url":"https:\/\/cryptodnes.bg\/en\/author\/alex100oo\/"}]}},"modified_by":"Deyan Angelov","_links":{"self":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/132429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/comments?post=132429"}],"version-history":[{"count":1,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/132429\/revisions"}],"predecessor-version":[{"id":132432,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/132429\/revisions\/132432"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/media\/132430"}],"wp:attachment":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/media?parent=132429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/categories?post=132429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/tags?post=132429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}