REJECTEDWALL #178
Sam Ikkurty
Posted April 14, 2026
PERMANENT LINKcftcsucks.com/178
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SAM IKKURTY — CONSTITUTIONAL RIGHTS ADVOCATE samikkurty.com
C F T C U P D A T E S
CFTC Commissioner Pham's Statement
Validates Three Years of Documented
Misconduct
Published at samikkurty.com/blog/cftc-commissioner-pham-validates-misconduct | Case No.
1:22-cv-02465 (N.D. Ill.) | 7th Cir. No. 24-2684
On May 13, 2025, CFTC Commissioner Caroline Pham made a historic
public statement in the context of *CFTC v. Traders Global Group Inc.*
(D.N.J. 2025) — a case where the court imposed $3.1 million in sanctions
for "willful false statements" and "bad faith conduct" by the Division of
Enforcement.
Commissioner Pham stated: "This case clearly shows that the Division
has for far too long maintained a culture that the CFTC is above the law...
leading to abuse of prosecutorial power and violation of due process."
This statement is extraordinary. A sitting CFTC Commissioner publicly
acknowledged what I have been documenting since May 16, 2022: that
the Division of Enforcement operates with a culture of impunity,
believing itself to be above the law.
## What This Means for My Case
The parallels between *CFTC v. Traders Global Group Inc.* and my case
are striking. In both cases:
C F T C U P D A T E S
CFTC Commissioner Pham's Statement
Validates Three Years of Documented
Misconduct
Published at samikkurty.com/blog/cftc-commissioner-pham-validates-misconduct | Case No.
1:22-cv-02465 (N.D. Ill.) | 7th Cir. No. 24-2684
On May 13, 2025, CFTC Commissioner Caroline Pham made a historic
public statement in the context of *CFTC v. Traders Global Group Inc.*
(D.N.J. 2025) — a case where the court imposed $3.1 million in sanctions
for "willful false statements" and "bad faith conduct" by the Division of
Enforcement.
Commissioner Pham stated: "This case clearly shows that the Division
has for far too long maintained a culture that the CFTC is above the law...
leading to abuse of prosecutorial power and violation of due process."
This statement is extraordinary. A sitting CFTC Commissioner publicly
acknowledged what I have been documenting since May 16, 2022: that
the Division of Enforcement operates with a culture of impunity,
believing itself to be above the law.
## What This Means for My Case
The parallels between *CFTC v. Traders Global Group Inc.* and my case
are striking. In both cases:
- CFTC investigators made materially false statements in court filings
- The Division of Enforcement pursued cases with reckless disregard for
exculpatory evidence
- Investors were harmed not by the defendants, but by the CFTC's own
enforcement actions
In my case, Investigator Heather Dasso admitted under oath that she
never reviewed the blockchain records — the most fundamental evidence
in a case involving a DeFi fund. She admitted that no investor had ever
complained about not receiving their promised dividend payments. Yet
the prosecution continued for over three years.
## The Broader Pattern of Misconduct
Commissioner Pham's statement is not an isolated observation. It reflects
a systemic cultural problem within the Division of Enforcement that has
been documented across multiple cases:
- CFTC v. Traders Global Group Inc.: $3.1M in sanctions for willful false
statements
- CFTC v. Sam Ikkurty: Three years of prosecution despite exculpatory
blockchain evidence
- DOJ's April 7, 2025 Memorandum: "Ending Regulation By Prosecution"
— explicitly forbidding the DOJ from pursuing cases without evidence of
willful misconduct and actual investor harm
## Conclusion
Commissioner Pham's statement is a watershed moment. It validates
everything I have documented and filed with the GAO, DOJ, and CFTC
Inspector General. The culture of the Division of Enforcement must
change — and accountability must follow.
- The Division of Enforcement pursued cases with reckless disregard for
exculpatory evidence
- Investors were harmed not by the defendants, but by the CFTC's own
enforcement actions
In my case, Investigator Heather Dasso admitted under oath that she
never reviewed the blockchain records — the most fundamental evidence
in a case involving a DeFi fund. She admitted that no investor had ever
complained about not receiving their promised dividend payments. Yet
the prosecution continued for over three years.
## The Broader Pattern of Misconduct
Commissioner Pham's statement is not an isolated observation. It reflects
a systemic cultural problem within the Division of Enforcement that has
been documented across multiple cases:
- CFTC v. Traders Global Group Inc.: $3.1M in sanctions for willful false
statements
- CFTC v. Sam Ikkurty: Three years of prosecution despite exculpatory
blockchain evidence
- DOJ's April 7, 2025 Memorandum: "Ending Regulation By Prosecution"
— explicitly forbidding the DOJ from pursuing cases without evidence of
willful misconduct and actual investor harm
## Conclusion
Commissioner Pham's statement is a watershed moment. It validates
everything I have documented and filed with the GAO, DOJ, and CFTC
Inspector General. The culture of the Division of Enforcement must
change — and accountability must follow.
I will continue to document every development in this case and share it
publicly. The rule of law must apply equally to government agencies and
private citizens alike.
Sam Ikkurty · samikkurty.com · All documents and evidence available at samikkurty.com/
legal-documents
publicly. The rule of law must apply equally to government agencies and
private citizens alike.
Sam Ikkurty · samikkurty.com · All documents and evidence available at samikkurty.com/
legal-documents
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VERIFICATION RECORD
Submission trackF
StatusREJECTED
Posted2026-04-14T08:14:06.000Z
SHA-256 hash22ac1735e763e8f16d21977e8d192c89a5d1d1e4ed10a9b94fa31c2672cb683b
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