An Arizona trader has been charged by the Commodity Futures Trading Commission with fraud and misappropriation of funds in relation with a Ponzi scheme, The Wall Street Journal reports. The CFTC alleges that Anthony Linton, from at least October 2007 to present, fraudulently accepted at least $650,000 from some 19 to trade foreign-exchange contracts. He falsely represented to customers they would get a 100% annual return on their investments. The forex trading Linton did using customer funds resulted in consistent net losses and he lost over 90% of the funds traded.

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