FEDERAL COURT FREEZES ASSETS OF SEATTLE FIRM AND FOUR OTHER DEFENDANTS CHARGED WITH INTERNATIONAL SCHEME THAT DEFRAUDED U.S. CUSTOMERS OF OVER $8.5 MILLION; CFTC Alleged That Premium Income Corp., Its Principal, Gerald Rogers, And Others, Made False Claims About Profit and Risk, And Misappropriated Funds; Rogers is a Recent Ex-Convict Who Served Time for Similar Crimes Other enforcement

CFTC release 5053-05 · 2005-03-08 · view on cftc.gov ↗

Key facts

Release number: 5053-05
Release date: 2005-03-08
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5053-05

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.