According to Odaily Planet Daily, the U.S. Commodity Futures Trading Commission (CFTC) reported that a judge at the U.S. District Court for the Northern District of Illinois has ordered Oregon resident Sam Ikkurty and his multiple entities to pay a fine of $209.61 million.

The entities involved include Jafia LLC, Ikkurty Capital LLC, Rose City Income Fund I LP, Rose City Income Fund II and Seneca Ventures LLC.

The court based its decision on the CFTC’s findings of fraudulent solicitation and misappropriation of funds in what it described as a Ponzi scheme masquerading as cryptocurrency and carbon investment projects.

The judgment requires Sam Ikkurty to pay $83.7 million in restitution to investors to offset $36.9 million in disgorgement of ill-gotten gains, and he is also required to pay a civil penalty of $110.9 million.