CFTC OBTAINS FEDERAL COURT ORDER FREEZING ASSETS OF BULGARIAN WEBSITE OWNER IN FOREIGN CURRENCY FRAUD ACTION; CFTC Charges Marin Illiev Yanev with Fraudulent Solicitation of Customers Through His Websites Fraud

CFTC release 5132-05 · 2005-10-19 · view on cftc.gov ↗

Key facts

Release number: 5132-05
Release date: 2005-10-19
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5132-05

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.