# Illinois Federal Court Requires Canadian Commodity Pool Operator Kevin J. Steele To Pay Over $7 Million In Restitution To Defrauded Investors In CFTC Enforcement Action

> CFTC release 5139-05 · 2005-11-28 · **Commodity pool fraud** · ENFORCEMENT

## Key facts

- **Release number:** 5139-05
- **Release date:** 2005-11-28
- **Type:** Commodity pool fraud
- **Title:** Illinois Federal Court Requires Canadian Commodity Pool Operator Kevin J. Steele To Pay Over $7 Million In Restitution To Defrauded Investors In CFTC Enforcement Action
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5139-05

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 5139-05, "Illinois Federal Court Requires Canadian Commodity Pool Operator Kevin J. Steele To Pay Over $7 Million In Restitution To Defrauded Investors In CFTC Enforcement Action", 2005-11-28. Retrieved via AI Analytics 2026-07-03 from https://api.ai-analytics.org/cftc-action/5139-05.

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