CFTC CHARGES CHICAGO MAN WITH BILKING COMMODITY INVESTORS IN FRAUDULENT SCHEME; Cameron Ownbey Allegedly Misrepresented His Past Trading Success by Falsely Claiming Annual Returns of 250 to 350 Percent; Court Enters Consent Order of Preliminary Injunction Against Ownbey, Freezing His Assets Fraud

CFTC release 4843-03 · 2003-09-24 · view on cftc.gov ↗

Key facts

Release number: 4843-03
Release date: 2003-09-24
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4843-03

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.