US federal regulators have warned of a “rampant Ponzimonium” as they disclosed they are investigating hundreds of possible scams in the aftermath of Madoff.
Contrary to party line, there is such a thing as manipulation in the commodity markets.
The Commodities Futures Trading Commission is “seeing more of these scams than ever before” in commodities and other futures markets.
The CFTC, which patrols commodities and financial futures markets such as derivatives on stocks and foreign exchange, was investigating “hundreds of individuals and entities, many of which were related to Ponzi scams”