CFTC Obtains Federal Court Order Freezing Assets Of California Commodity Pool Operator Galaxy Resources 2000 LLC And Manager Charles A. Defazio In Fraud Action Fraud

CFTC release 5152-06 · 2006-01-26 · view on cftc.gov ↗

Key facts

Release number: 5152-06
Release date: 2006-01-26
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5152-06

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.