CALIFORNIA RESIDENTS ORDERED TO PAY MORE THAN $800,000 IN COMMODITY FRAUD ACTION; Defendants Paris DeLesseppes and John E. Lassen Ordered to Repay Over $333,000 to Investors and Pay Civil Monetary Penalties Totaling $480,000 Fraud

CFTC release 4941-04 · 2004-06-15 · view on cftc.gov ↗

Key facts

Release number: 4941-04
Release date: 2004-06-15
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4941-04

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.