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CFTC Busts Alleged Ponzi Scam

OKLAHOMA CITY (CN) - Mark S. Trimble paid himself more than $1 million and issued false statements to investors from whom he took $34 million while running Phidippides Capital Management as a Ponzi scam, the Commodity Futures Trading Commission claims in Federal Court.

Trimble lives in Edmond, Okla. and is a member of the Chicago Mercantile Exchange, the SFTC says. It demands restitution, rescission and penalties.

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