CFTC CHARGES MARYLAND MAN AND HIS COMPANY WITH DEFRAUDING CUSTOMERS IN FOREX SCAM; Arthur John Keeffe, II and Calvary Currencies LLC Allegedly Fraudulently Solicited Over $400,000 from Investors to Trade Illegal, Off-Exchange Foreign Currency Futures Contracts Fraud

CFTC release 4921-04 · 2004-05-03 · view on cftc.gov ↗

Key facts

Release number: 4921-04
Release date: 2004-05-03
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4921-04

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.