NEW YORK FOREIGN CURRENCY (FOREX) FIRM CHARGED WITH DEFRAUDING 378 INVESTORS OF MORE THAN $7 MILLION IN COMMODITY SCAM; CFTC Charges Sun Platinum Group LLC and Eduard Dmanskiy With Commodity Scam Involving Offshore Entities; Federal District Court Judge Orders Defendants' Assets Frozen Other enforcement

CFTC release 4842-03 · 2003-09-23 · view on cftc.gov ↗

Key facts

Release number: 4842-03
Release date: 2003-09-23
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4842-03

About CFTC enforcement

The CFTC charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and commodity-pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension. Crypto-asset cases have been a major share since 2019.