# Washington State Commodity Advisory Firm Trade Risk Management and Firm President James Maggio Charged With Fraud

> CFTC release 5142-05 · 2005-12-07 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 5142-05
- **Release date:** 2005-12-07
- **Type:** Fraud
- **Title:** Washington State Commodity Advisory Firm Trade Risk Management and Firm President James Maggio Charged With Fraud
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5142-05

## 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 5142-05, "Washington State Commodity Advisory Firm Trade Risk Management and Firm President James Maggio Charged With Fraud", 2005-12-07. Retrieved via AI Analytics 2026-07-08 from https://api.ai-analytics.org/cftc-action/5142-05.

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