CFTC OBTAINS FEDERAL COURT FREEZE OF ASSETS OF PHILADELPHIA COMPANY AND ITS PRESIDENT IN FRAUD ACTION INVOLVING HEDGE FUND AND $230 MILLION COMMODITY POOL; CFTC Charges Philadelphia Alternative Asset Management Co., LLC, And Its President, Paul M. Eustace, With Issuing False Trading Results To Pool Participants; National Futures Association Assists CFTC In Its Action Fraud

CFTC release 5091-05 · 2005-06-29 · view on cftc.gov ↗

Key facts

Release number: 5091-05
Release date: 2005-06-29
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5091-05

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.