# CLEVELAND COMMODITIES FIRM, ITS PRESIDENT AND TWO FORMER EMPLOYEES CHARGED WITH FRAUD; Carnegie Trading Group Ltd., Inc. Allegedly Used Fraudulent Statements to Solicit Customers to Trade Commodity Futures and Options

> CFTC release 4966-04 · 2004-08-09 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 4966-04
- **Release date:** 2004-08-09
- **Type:** Fraud
- **Title:** CLEVELAND COMMODITIES FIRM, ITS PRESIDENT AND TWO FORMER EMPLOYEES CHARGED WITH FRAUD; Carnegie Trading Group Ltd., Inc. Allegedly Used Fraudulent Statements to Solicit Customers to Trade Commodity Futures and Options
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/4966-04

## 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 4966-04, "CLEVELAND COMMODITIES FIRM, ITS PRESIDENT AND TWO FORMER EMPLOYEES CHARGED WITH FRAUD; Carnegie Trading Group Ltd., Inc. Allegedly Used Fraudulent Statements to Solicit Customers to Trade Commodity Futures and Options", 2004-08-09. Retrieved via AI Analytics 2026-07-14 from https://api.ai-analytics.org/cftc-action/4966-04.

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