# FEDERAL COURT ORDERS INTERNET PROMOTER GEORGE HEFFERNAN TO PAY $400,000 FOR FRAUDULENTLY SOLICITING CUSTOMERS TO PURCHASE COMMODITY ADVISORY SERVICES; Court Also Orders Heffernan to Disclose That He Violated the Law When Publishing Any Commodities-Related Material

> CFTC release 4830-03 · 2003-08-07 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 4830-03
- **Release date:** 2003-08-07
- **Type:** Fraud
- **Title:** FEDERAL COURT ORDERS INTERNET PROMOTER GEORGE HEFFERNAN TO PAY $400,000 FOR FRAUDULENTLY SOLICITING CUSTOMERS TO PURCHASE COMMODITY ADVISORY SERVICES; Court Also Orders Heffernan to Disclose That He Violated the Law When Publishing Any Commodities-Related Material
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/4830-03

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 4830-03, "FEDERAL COURT ORDERS INTERNET PROMOTER GEORGE HEFFERNAN TO PAY $400,000 FOR FRAUDULENTLY SOLICITING CUSTOMERS TO PURCHASE COMMODITY ADVISORY SERVICES; Court Also Orders Heffernan to Disclose That He Violated the Law When Publishing Any Commodities-Related Material", 2003-08-07. Retrieved via AI Analytics 2026-07-14 from https://api.ai-analytics.org/cftc-action/4830-03.

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