CFTC AWARDED FINAL JUDGMENT IN FRAUD ACTION AGAINST INTERTRADE FOREX, INC. AND UK RESIDENT PRITESH PATEL; Defendants Ordered to Pay More Than $650,000 in Civil Penalty and Customer Restitution Fraud

CFTC release 5047-05 · 2005-02-02 · view on cftc.gov ↗

Key facts

Release number: 5047-05
Release date: 2005-02-02
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5047-05

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.