REJECTEDWALL #183
Sam Ikkurty
Posted April 14, 2026
PERMANENT LINKcftcsucks.com/183
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Investors Told the Court to Stop. The
Court Did Not Listen.
Investors Told the Court to Stop. The Court Did Not Listen. samikkurty.com | Case
No. : -cv- (N.D. Ill.) | th Cir. -
There is a standard narrative about securities fraud cases: the regulator steps in to
protect victims who cannot protect themselves. The victims are grateful. Justice is
served.
That narrative does not apply here.
When the CFTC moved to liquidate Rose City Income Fund in , every single
investor in the fund filed a formal objection letter with the United States District Court
for the Northern District of Illinois. Not some investors. Not most investors. Every
investor who submitted a letter opposed the CFTC’s actions.
Thirty-two letters. Docket numbers through . All public record.
These were not form letters. They were personal statements from real people who had
invested their own money, watched it grow, and were now watching a government
agency destroy the value they had earned — in their name, without their consent,
against their explicit wishes.
They wrote that they had made money. They wrote that they trusted the fund
manager. They wrote that the CFTC’s intervention was the harm, not the protection.
They wrote that they did not want the liquidation. They asked the court to stop.
The mean return for investors in Rose City Income Fund was % annualized.
. million came out. Not a single investor lost money.
The court received letters saying this. The court proceeded with the liquidation
anyway.
This is the part of the story that the CFTC’s press releases do not mention. The agency
issued a press release calling this a Ponzi scheme. It did not mention that the people it
claimed to be protecting had written to the court to say they did not need protection. It
5.9millionwentin.
Court Did Not Listen.
Investors Told the Court to Stop. The Court Did Not Listen. samikkurty.com | Case
No. : -cv- (N.D. Ill.) | th Cir. -
There is a standard narrative about securities fraud cases: the regulator steps in to
protect victims who cannot protect themselves. The victims are grateful. Justice is
served.
That narrative does not apply here.
When the CFTC moved to liquidate Rose City Income Fund in , every single
investor in the fund filed a formal objection letter with the United States District Court
for the Northern District of Illinois. Not some investors. Not most investors. Every
investor who submitted a letter opposed the CFTC’s actions.
Thirty-two letters. Docket numbers through . All public record.
These were not form letters. They were personal statements from real people who had
invested their own money, watched it grow, and were now watching a government
agency destroy the value they had earned — in their name, without their consent,
against their explicit wishes.
They wrote that they had made money. They wrote that they trusted the fund
manager. They wrote that the CFTC’s intervention was the harm, not the protection.
They wrote that they did not want the liquidation. They asked the court to stop.
The mean return for investors in Rose City Income Fund was % annualized.
. million came out. Not a single investor lost money.
The court received letters saying this. The court proceeded with the liquidation
anyway.
This is the part of the story that the CFTC’s press releases do not mention. The agency
issued a press release calling this a Ponzi scheme. It did not mention that the people it
claimed to be protecting had written to the court to say they did not need protection. It
5.9millionwentin.
did not mention that every investor made money. It did not mention that its own
forensic expert had concluded a Ponzi was mathematically impossible.
The investor objection letters are all available at samikkurty.com. Read them. These
are the voices of the people the CFTC claims to have protected. They tell a very
different story.
forensic expert had concluded a Ponzi was mathematically impossible.
The investor objection letters are all available at samikkurty.com. Read them. These
are the voices of the people the CFTC claims to have protected. They tell a very
different story.
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VERIFICATION RECORD
Submission trackF
StatusREJECTED
Posted2026-04-14T08:14:14.000Z
SHA-256 hashd083888b5ff95e68badf538b6237fe2928224700686e71649ef266b3664308c5
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