FEDERAL COURT FREEZES ASSETS OF FLORIDA FOREIGN CURRENCY FIRM AND OTHERS IN U.S. GOVERNMENT LAWSUIT CHARGING A COMMODITY OPTIONS SCAM; CFTC Charges Mercury Partners, Inc.; Mercury Financial Partners, Inc.; Mercury Management, L.C.; Bruce N. Crown; Andrew Bartos; and Michael Morgan with Fraud and Misappropriation of Customer Funds Fraud

CFTC release 5055-05 · 2005-03-15 · view on cftc.gov ↗

Key facts

Release number: 5055-05
Release date: 2005-03-15
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5055-05

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.