CFTC CHARGES THIRTEEN FLORIDA RESIDENTS AND COMPANIES WITH DEFRAUDING CUSTOMERS OF MORE THAN $6 MILLION; CFTC Charges that Defendants Fraudulently Solicited Nearly 400 Customers to Trade Commodity Options Contracts and Misappropriated Customer Funds Fraud

CFTC release 5148-05 · 2005-12-22 · view on cftc.gov ↗

Key facts

Release number: 5148-05
Release date: 2005-12-22
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5148-05

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.