FLORIDA FEDERAL COURT ORDERS HUSBAND AND WIFE THOMAS CHILCOTT AND LEONA WESTBROOK TO REPAY MORE THAN $2.1 MILLION TO CUSTOMERS INJURED IN COMMODITY FRAUD SCHEME; Court Also Orders Couple and Another Defendant To Pay $2.42 Million in Civil Penalties Fraud

CFTC release 4878-04 · 2004-01-15 · view on cftc.gov ↗

Key facts

Release number: 4878-04
Release date: 2004-01-15
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4878-04

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.