# Florida Man Escapes Paying A $4.5M SEC Penalty Over A Crypto Ponzi Scheme By Coinness Canonical URL: https://www.tokenpost.com/news/investing/7723 Published: 2021-03-25T03:25:03.000Z Updated: 2021-03-25T03:25:03.000Z Section: Investing > The founder of a multi-million crypto Ponzi scheme has escaped paying a $4.5 million penalty to the U.S. Securities and Exchange Commission. The founder of a multi-million crypto Ponzi scheme has escaped paying a $4.5 million penalty to the U.S. Securities and Exchange Commission. On March 23, the U.S District Court of Southern Florida initially ordered Jose Angel Aman to pay the SEC more than $4.2 million in disgorgement, and $300,000 in prejudgement interest. However, the court deemed the bill was satisfied that same day due to restitution paid in a parallel case from 2019. [Coinness]() ## Links in this article - [Coinness](https://coinness.com)