Hedge Fund Operator Bayou Management, Its Employees Samuel Israel III And Daniel E. Marino, And Accounting Firm Richmond Fairfield Associates, Are Charged With Misappropriation And Fraud In An Action Brought By U.S. Commodity Futures Trading Commission Fraud

CFTC release 5121-05 · 2005-09-29 · view on cftc.gov ↗

Key facts

Release number: 5121-05
Release date: 2005-09-29
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5121-05

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.