CFTC CHARGES FLORIDA COMMODITY POOL OPERATOR LONGBOAT GLOBAL FUNDS MANAGEMENT, LLC AND ITS PRESIDENT, ROBERT JOSEPH BEASLEY, WITH FRAUD; CFTC Alleges That Defendants Fraudulently Misrepresented Certain Investments Fraud

CFTC release 5084-05 · 2005-06-16 · view on cftc.gov ↗

Key facts

Release number: 5084-05
Release date: 2005-06-16
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5084-05

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.