CFTC Busts Alleged $13M Ponzi Scam

LOS ANGELES (CN) - A Las Vegas took $13.5 million from more than 100 people in a Ponzi scam he ran through his companies Axcess Automation and Axcess Fund Management, the Commodity Futures Trading Commission claims in Federal Court. The CFTC claims Gordon Driver invested only some of the money he got, lost nearly all of it, skimmed some, and returned some as "purported profits, in a manner typical of a Ponzi scam."

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