Commodity Futures Trading Commission (CFTC) logo representing a federal enforcement action involving an alleged $14.8 million commodity pool fraud and crypto assets

CFTC Charges Commodity Pool Operator in Alleged $14.8 Million Fraud Involving Crypto Assets

WASHINGTON, July 7, 2026 — The Commodity Futures Trading Commission has filed a federal complaint against Trevor L. Vernon and Argent Capital Management LLC, alleging they fraudulently solicited and accepted at least $14.8 million from more than 60 participants into a commodity pool that traded equity index futures, options on equity index futures and crypto assets.