FEDERAL COURT ORDERS ALABAMA RESIDENT RANDALL NELSON TO PAY OVER $800,000 TO SETTLE COMMODITY POOL FRAUD CHARGES; In Joint Federal/State Action, Court Orders Nelson to Repay a Total of $680,000 to Investors and to Pay Civil Penalties Totaling $125,000 Fraud

CFTC release 5012-04 · 2004-10-18 · view on cftc.gov ↗

Key facts

Release number: 5012-04
Release date: 2004-10-18
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5012-04

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.