CFTC CHARGES SAN DIEGO FOREIGN CURRENCY FIRM WHITE PINE TRUST CORPORATION AND ITS FOUNDER, RICHARD MATTHEWS, WITH FRAUD AND MISAPPROPRIATION OF CUSTOMER FUNDS; Over $30 Million in Suspect Funds Uncovered in Federal Probe Fraud

CFTC release 5016-04 · 2004-11-02 · view on cftc.gov ↗

Key facts

Release number: 5016-04
Release date: 2004-11-02
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5016-04

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.