CFTC CHARGES NEW YORK HEDGE FUND, LINUXOR ASSET MANAGEMENT, AND ITS PRINCIPAL, ABBAS A. SHAH, WITH FRAUD; CFTC Alleges that Linuxor and Shah Defrauded Fund Participants by Failing to Send Them Required Periodic Statements and by Misrepresenting the Value of the Fund; Defendants Also Charged With Failure to Send Timely Required Annual Reports to the National Futures Association Fraud

CFTC release 5115-05 · 2005-09-20 · view on cftc.gov ↗

Key facts

Release number: 5115-05
Release date: 2005-09-20
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5115-05

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.