# 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

> CFTC release 5091-05 · 2005-06-29 · **Fraud** · ENFORCEMENT

## Key facts

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

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 5091-05, "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", 2005-06-29. Retrieved via AI Analytics 2026-07-15 from https://api.ai-analytics.org/cftc-action/5091-05.

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