CFTC APPLAUDS SUCCESSFUL PROSECUTION OF FORMER ENRON TRADER BY CALIFORNIA FEDERAL PROSECUTORS; John M. Forney Pleads Guilty to Conspiracy to Commit Wire Fraud Fraud

CFTC release 4965-04 · 2004-08-05 · view on cftc.gov ↗

Key facts

Release number: 4965-04
Release date: 2004-08-05
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4965-04

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.