U.S. DISTRICT COURT ENJOINS SOUTH CAROLINA RESIDENT GEORGE HEFFERNAN FROM ENGAGING IN COMMODITIES FRAUD; FREEZES ASSETS; Order Arises From Complaint By CFTC Charging Heffernan, Also Known As "George W. Marshall," With Fraud for the Third Time in Four Years, Fraud

CFTC release 5038-05 · 2005-01-13 · view on cftc.gov ↗

Key facts

Release number: 5038-05
Release date: 2005-01-13
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5038-05

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.