FEDERAL COURT ENTERS JUDGMENTS AGAINST MICHIGAN AND NEW JERSEY RESIDENTS AND TWO PANAMANIAN COMPANIES IN MARQUIS COMMODITY POOL FRAUD CASE; Court Orders Payments To Customers And Penalties Totaling More Than $2.5 Million Fraud

CFTC release 5096-05 · 2005-06-30 · view on cftc.gov ↗

Key facts

Release number: 5096-05
Release date: 2005-06-30
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5096-05

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.