Blog
In-depth articles on the CFTC case, regulatory issues, constitutional rights, and case analysis. Updated regularly as the case develops.
CFTC Commissioner Pham's Statement Validates Three Years of Documented Misconduct
On May 13, 2025, CFTC Commissioner Caroline Pham made a historic public statement condemning the Division of Enforcement's culture of operating above the law. This statement, made in the context of CFTC v. Traders Global Group Inc., directly validates what I have been documenting for over three years.
Read ArticleWhy the CFTC's 'Ponzi Scheme' Allegation Is Mathematically Impossible
The CFTC's central allegation — that Rose City Fund operated as a Ponzi scheme — is not just factually wrong. It is mathematically impossible, as demonstrated by the independent StoneTurn analysis and the fund's own blockchain records. Here is a detailed breakdown of why.
Read ArticleThe DOJ's 'Ending Regulation By Prosecution' Memo and What It Means for My Case
On April 7, 2025, the Deputy Attorney General issued a memorandum titled 'Ending Regulation By Prosecution.' This memo explicitly forbids pursuing regulatory cases under the CEA without evidence of willful misconduct and actual investor harm — conditions that are entirely absent in my case, as admitted by the CFTC's own investigators.
Read Article139 Weeks of Radical Transparency: The Antithesis of a Ponzi Scheme
From the fund's inception through May 14, 2022 — just 48 hours before the federal raid — I sent detailed weekly 'Five Bullet Friday' updates to all partners. Every blockchain wallet address was shared openly. Every position was disclosed. This is the complete opposite of how Ponzi schemes operate.
Read ArticleThe Constitutional Crisis: Ex Parte Orders, Armed Raids, and the Sixth Amendment
On May 16, 2022, ten federal agents arrived at my home with an ex parte order I had never seen, from a lawsuit I was never notified of. My legal counsel was told the matter was 'confidential.' This is not how the American legal system is supposed to work — and it represents a profound constitutional crisis.
Read ArticleHow CFTC Investigators Admitted They Never Looked at the Blockchain
Under oath, CFTC Investigator Heather Dasso admitted: 'As far as this case, I did not look at the blockchain, correct.' Her answer: 'Correct.' This admission is extraordinary — the lead investigator in a case involving a DeFi fund never reviewed the immutable, publicly available blockchain records that would have disproven the entire case.
Read Article100% of My Investors Stood By Me — And the CFTC Still Pursued This Case
When the CFTC's court-appointed Receiver moved to liquidate the cryptocurrency assets in the receivership estate, every single investor filed a formal objection with the court. Not a majority — 100%. They retained independent counsel, wrote personal letters to the judge, and unanimously opposed the agency's actions. Here is what that means, and why it matters.
Read ArticleThe Complete Timeline: What Actually Happened in CFTC v. Ikkurty
If you have heard about this case through a news article or court filing, you have probably encountered the CFTC's version of events. That version is wrong. This post covers every significant event in chronological order — from the fund's founding in 2018 through the 7th Circuit appeal — with the evidence that the CFTC's narrative cannot accommodate.
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