# MICHIGAN ATTORNEY, CHARLES G. MADY, ORDERED TO PAY MORE THAN $8 MILLION TO DEFRAUDED COMMODITY POOL INVESTORS; Court Bans Defendant From Trading for His Own Account for 10 Years and Permanently Bans Him from Trading Commodity Futures or Options for Others;

> CFTC release 4863-03 · 2003-11-10 · **Commodity pool fraud** · ENFORCEMENT

## Key facts

- **Release number:** 4863-03
- **Release date:** 2003-11-10
- **Type:** Commodity pool fraud
- **Title:** MICHIGAN ATTORNEY, CHARLES G. MADY, ORDERED TO PAY MORE THAN $8 MILLION TO DEFRAUDED COMMODITY POOL INVESTORS; Court Bans Defendant From Trading for His Own Account for 10 Years and Permanently Bans Him from Trading Commodity Futures or Options for Others;
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/4863-03

## 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 4863-03, "MICHIGAN ATTORNEY, CHARLES G. MADY, ORDERED TO PAY MORE THAN $8 MILLION TO DEFRAUDED COMMODITY POOL INVESTORS; Court Bans Defendant From Trading for His Own Account for 10 Years and Permanently Bans Him from Trading Commodity Futures or Options for Others;", 2003-11-10. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/cftc-action/4863-03.

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