KANSAS FEDERAL COURT ORDERS CALIFORNIA RESIDENT DEREK ABRAHAMS TO PAY CIVIL PENALTY FOR FRAUDULENTLY PROMOTING COMMODITY TRADING SYSTEMS Fraud

CFTC release 5071-05 · 2005-04-26 · view on cftc.gov ↗

Key facts

Release number
5071-05
Release date
2005-04-26
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5071-05

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.