CALIFORNIA FEDERAL JUDGE ORDERS ARREST OF JIAN ZHUANG, PRESIDENT OF LOS ANGELES-AREA FOREIGN CURRENCY FIRM EMERALD WORLDWIDE HOLDINGS, INC., IN LAWSUIT CHARGING A COMMODITIES SCAM; Zhuang Failed to Pay Money Sanctions Arising Out of Earlier Contempt Order in CFTC Case Charging Zhuang and Others With Defrauding More than 300 Customers of Over $5 Million Other enforcement

CFTC release 5036-05 · 2005-01-11 · view on cftc.gov ↗

Key facts

Release number: 5036-05
Release date: 2005-01-11
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5036-05

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.