HAWAIIAN RESIDENT BARRY SCHOTZ ORDERED TO PAY $4.5 MILLION IN SETTLEMENT OF CFTC FRAUD ACTION; Court Also Enjoins Los Angeles-Area Resident Randolph Gale in Same Commodity Pool Fraud Scheme Fraud

CFTC release 5107-05 · 2005-08-08 · view on cftc.gov ↗

Key facts

Release number: 5107-05
Release date: 2005-08-08
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5107-05

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.