BRITISH COLUMBIA CITIZEN KEVIN STEELE CHARGED WITH DEFRAUDING OVER 200 PARTICIPANTS, INCLUDING U.S. RESIDENTS, IN $7.5 MILLION COMMODITY POOL SCHEME; Scheme Touched Victims Worldwide Commodity pool fraud

CFTC release 5080-05 · 2005-05-27 · view on cftc.gov ↗

Key facts

Release number: 5080-05
Release date: 2005-05-27
Type: Commodity pool fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5080-05

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.